3 Reasons Brookfield Renewable Is a Long-Term Buy for 2030 and Beyond

Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) operates one of the world's largest publicly traded renewable energy and decarbonization platforms. It has a diversified portfolio of hydroelectric, wind, solar, energy storage, and sustainable solutions across five continents. That puts it in a strong position to benefit from the growing demand for clean energy and other sustainable solutions. The company has three notable catalysts that give it increasing visibility into delivering double-digit earnings growth well into the next decade. That high-powered growth makes it a great stock to buy and hold for the long haul.Brookfield Renewable signs long-term power purchase agreements (PPAs) with utilities and large corporate customers for the bulk of its power production. It has currently contracted about 90% of its capacity for a weighted average remaining term of 13 years. Most of those contracts, accounting for about 70% of its revenue, index power rates to inflation. The company expects that inflation-driven rate increases will grow its funds from operations (FFO) by 2% to 3% per share each year. Brookfield figures that these inflation-linked power price increases will add $150 million to its annual FFO by 2029, from its baseline of $1.2 billion last year. That number should continue rising well into the 2030s, given the length of its PPAs. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool