Core Insights - Brookfield Renewable is positioned as a significant beneficiary of the increasing demand for power driven by artificial intelligence (AI) applications [1][7][18] Group 1: Demand Growth - The demand for renewable energy is expected to accelerate significantly, particularly as technology companies commit to powering their data centers with renewable sources [8][14] - Data centers currently consume 1% to 2% of global electricity, with projections indicating this could rise to 3%-4% by 2030 due to the high power requirements of AI applications [14] Group 2: Strategic Opportunities - Brookfield has a substantial development pipeline exceeding 155 GW across various stages, bolstered by in-house capabilities and acquisitions, including a majority interest in Neoen [5][10] - A landmark agreement with Microsoft to deliver 10.5 GW of renewable capacity from 2026 to 2030 highlights Brookfield's ability to secure large contracts, significantly larger than previous agreements [15] Group 3: Growth Potential - The company anticipates growing its cash flow per share at over 10% annually through 2028, supporting a long-term dividend growth target of 5% to 9% [17] - Brookfield's current operating capacity is around 33 GW, with plans to build an additional 7 GW of new renewable energy generation capacity annually through 2030 [10][18] Group 4: Market Position - Despite the robust growth potential, Brookfield's stock is currently over 30% below its three-year high, presenting a compelling long-term investment opportunity [12] - The expected surge in power demand from AI is likely to enhance Brookfield's dividend income and earnings growth profile [18]

The U.S. Energy Information Administration forecasts electricity generation will grow by about 3% in 2024 and 1% next year with renewables — mostly solar — supplying most of that growth. Below are three of the leading renewable energy stocks to buy that tap into each of those sectors. By spreading investments across the full range of clean energy opportunities, investors can benefit from the advantages each brings to the market. Source: T. Schneider / Shutterstock.com Over the past decade, NextEra nearly tr ...

BROOKFIELD, NEWS, June 24, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Corporation (the "Corporation") ((TSX, NYSE:BEPC) today announced that all nine nominees proposed for election to the board of directors of the Corporation by holders of class A exchangeable subordinate voting shares ("Exchangeable Shares") and holders of class B multiple voting shares ("Class B Shares") were elected at the Corporation's annual meeting of shareholders held on June 24, 2024 in a virtual meeting format. Detailed results ...

Investors looking for nuclear stocks to buy likely saw these developments make waves throughout the sector but, if not, these companies stand to gain the most from a nuclear renaissance. Nano Nuclear Energy (NASDAQ:NNE) is already the top nuclear stock to buy if you don't mind a bit of operational speculation and can stomach some volatility moving forward. Shares already doubled since debuting on stock exchanges in April, and I don't expect that momentum to slow soon. Brookfield Renewable Partners (BEP) Bey ...

Brookfield Renewable's already strong growth potential could accelerate in the future. The leading renewable energy dividend stock expects to continue increasing its payout in the future, targeting 5% to 9% annual growth. Given its robust growth prospects, which are only growing stronger thanks to artificial intelligence (AI), dividend growth toward the high end of its range seems increasingly likely. Brookfield Renewable has grown briskly over the years. The company's funds from operations (FFO) have risen ...

First Solar (NASDAQ:FSLR) is one of the largest pure-play solar companies in the world with a market cap of over $28 billion. Wall Street has always been all over the map with solar stock projections. The current average price target of FSLR is slightly lower than the current traded price, but the street-high target of $356 implies a near 40% upside. On the date of publication, Ian Hartana and Vayun Chugh did not hold (either directly or indirectly) any positions in the securities mentioned in this article. ...

The S&P 500 index is hovering near all-time highs which means it's yielding a scant 1.3% or so. But you can still find attractive (i.e. inexpensive) dividend stocks to add to your portfolio -- if you look hard enough. Right now, the broader energy sector has two examples that still appear to be trading at a discount: Brookfield Renewable (BEP -1.87%) (BEPC -2.01%) and Enbridge (ENB 0.51%). Here's why you'll want to look at both of them. Brookfield Renewable has two share classes you can buy: one that is str ...

Unfortunately, the market will eventually go through more storms in the future. Because of that, investors should look for ways to safeguard their portfolios ahead of future downturns. Enterprise Products Partners (EPD -0.25%), Brookfield Infrastructure (BIP -3.42%) (BIPC -3.88%), and Brookfield Renewable (BEP -4.24%) (BEPC -3.35%) stand out to a few Fool.com contributors for their resilient dividends. Here's why they think investors should buy these high-quality, high-yielding dividend stocks ahead of the ...

Core Viewpoint - The article discusses three utility companies—NextEra Energy, Brookfield Renewable, and Dominion Energy—highlighting their dividend growth potential and strategies in the clean energy sector. Group 1: NextEra Energy - NextEra Energy is characterized as a "dividend growth machine," with a significant portion of its business stemming from regulated utility operations, particularly Florida Power & Light, which provides steady growth [3] - The company has achieved an annualized dividend growth rate of around 10% over the past decade and projects to maintain this growth rate until at least 2026 [10][11] - NextEra plans to build up to 41.8 gigawatts of renewable energy by 2026, indicating substantial future growth potential [11] Group 2: Brookfield Renewable - Brookfield Renewable boasts a globally diversified portfolio of clean energy assets, including hydroelectric, solar, wind, and storage [5] - The partnership class of Brookfield Renewable yields around 5%, while the corporate class has a yield of approximately 4.5%, appealing to income-focused investors [12] - The company's strategy involves acquiring renewable power assets at attractive prices, enhancing their value through strong operations, and selling them when favorable [12] Group 3: Dominion Energy - Dominion Energy is currently in a turnaround phase, focusing on strengthening its balance sheet and reducing its dividend payout ratio [7] - The company has a current yield of around 5%, which is higher than the average utility yield of 3.3%, despite having recently cut its dividend [13] - Dominion's regulated operations and exposure to high-demand data center markets provide a reliable earnings growth story, making it attractive for long-term investors [14]

The energy sector is undergoing a massive transition. It is switching fuel sources from carbon-based fossil fuels to lower-carbon alternatives. This transition will take decades and trillions of dollars to complete. Few companies are better positioned to capitalize on the decarbonization megatrend than Brookfield Renewable (BEPC 2.63%) (BEP 2.22%). Its globally diversified platform of renewable energy and sustainable solutions is making it the partner of choice for companies looking to decarbonize their ope ...