Down 33%, This High-Yield Dividend Stock Is a Brilliant Buy on the Dip

By Jason Hall and Tyler Crowe – Sep 24, 2023 at 7:04AM

NYSE: BEPC

Brookfield Renewable

Market Cap

$9B

Today's Change

(0.09%) $0.02

Current Price

$23.31

Price as of April 26, 2024, 4:00 p.m. ET

The long tail for renewable energy makes this a must-own stock.

The past couple of years haven't been kind to Brookfield Renewable (BEP 0.19%) (BEPC 0.09%) shareholders. In this video, Motley Fool contributors Jason Hall and Tyler Crowe take a closer look at what's happened, why it's in a different situation from NextEra Energy (NEE -1.36%) subsidiary NextEra Energy Partners (NEP -0.89%), how it's similar to Clearway Energy (CWEN 0.26%) (CWEN.A 0.28%), and why investors should be buying this top dividend investment now.

*Stock prices used were from the afternoon of Sept. 20, 2023. The video was published on Sept. 24, 2023.

Jason Hall has positions in Brookfield Renewable, Brookfield Renewable Partners, Clearway Energy, and NextEra Energy Partners. Tyler Crowe has positions in Brookfield Renewable. The Motley Fool has positions in and recommends Brookfield Renewable and NextEra Energy. The Motley Fool recommends Brookfield Renewable Partners. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.