Although renewable energy sources are known to be material and area-intensive, it is difficult to beat their self-sufficiency. From biomass boilers to solar and wind, they offer a path to clean reduction of reliance on the power grid. Moreover, regulatory zero net initiatives across the board increase renewable energy companies’ access to capital.
That’s because Clearway made multiple long-term investments. The $65 million worth of investments on Dan’s Mountain and Rosamond South alone are projected to yield 10% CAFD . The company increased the future CAFD outlook from $415 million to $420 million. Brookfield increased revenue from $1.3 billion to $1.5 billion compared to the year-ago quarter. The company has a 5.79% dividend yield at $1.42 annual dividend payout. At the present price of $25, BEP stock is aligned with its 52-week average but still down from its 52-week ceiling of $30.32 per share.
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Source: Investingcom - 🏆 450. / 53 Read more »