S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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7 Clean Energy Stocks With A Bright Future in 2021 - 1 of 7

 
#1 - Brookfield Renewable Partners (NYSE:BEP)

Brookfield Renewable Partners logo

The first company we’ll take a look at is Brookfield Renewable Partners (NYSE:BEP). Brookfield Renewable Partners is a global leader in hydroelectric power. The company has a worldwide network of 5,300 power generation facilities that accounts for approximately 65% of its current capacity.

However, the company is in the process of pivoting into the solar field. In fact, Brookfield is confident it can derive the majority of its production capacity from solar within the next 10 years.  In the company’s most recent earnings report in August, CEO Sachin Shah noted that its solar business continues to grow with 3,000 megawatts of solar in operations with an additional nearly 10,000 megawatts under development. And this is occurring in an environment where the cost to install solar has dropped by over 75% in the last five years.

And the company has a strong balance sheet with nearly $3.5 billion in available liquidity. Plus, investors in BEP stock can get a modest dividend that pays out quarterly. Currently, the dividend yield sits at 3.29%.

About Brookfield Renewable Partners
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, cogeneration, and biomass sources. Its portfolio consists of approximately 19,000 megawatts of installed capacity. Read More 

Current Price: $45.04
Consensus Rating: Hold
Ratings Breakdown: 2 Buy Ratings, 11 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $39.98 (11.2% Downside)





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