Strong growth of Brookfield Renewable Partners
- Record Results: Brookfield Renewable $BEP-0.3% had a record year with nearly $1.1 billion in operating income and a 7% increase in FFO per share. This successful track record allowed for a 5% dividend increase, the 13th consecutive year of year-over-year dividend growth.
- Growth potential: While the FFO per share growth rate fell slightly short of the 10% target in the fiscal year, the company plans to achieve more than 10% FFO per share growth through at least 2028. This is supported by inflation-linked electricity prices, margin expansion, development projects and M&A.
- Strategic agreements: The recent five-year, 10.5 gigawatt renewable energy development agreement with Microsoft reinforces the company's long-term growth plan. This agreement has the potential to support growth from 2026 to 2030 and contribute to the development of new energy projects, which can further enhance the company's revenue and profitability.
- Expected Yield: With a dividend yield of around 5.8% and projected earnings growth of more than 10% per year, Brookfield $BEP-0.3% could offer a total annual return in the tens of percent range, making it an attractive investment opportunity.
A strong energy company $BEP-0.3% What do you investors think of it?
