Brookfield Renewable: Leading the Charge in Delivering Strong Growth
A Strong Start to the Year
Brookfield Infrastructure recently reported a record $296 million in funds from operations in the first quarter, driven by solid results in its hydroelectric, wind, solar, and sustainable solutions segments. The company's development pipeline is robust, with plans to bring 7 GW of new renewable energy capacity online this year and a total of 157 GW in various stages of development.
A Powerful Growth Tailwind
The tech sector's increasing energy needs present growth opportunities for Brookfield, illustrated by its landmark renewable energy agreement with Microsoft. By delivering renewable energy projects to tech giants, Brookfield is poised to achieve consistent FFO per share growth and boost its dividend payouts over the next few years.
Powerful Value Creation Potential
With a forecast of more than 10% annual FFO per share growth through 2028 and strong partnerships in place, Brookfield Renewable offers potential total annualized returns in the mid-teens. This makes it an outstanding dividend stock for long-term investors seeking growth.
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