Bargain Hunting for Yield: 1 High-Yield Dividend Stock to Avoid and 1 to Buy

By Jason Hall and Tyler Crowe – Apr 5, 2024 at 5:05AM

NYSE: NEP

NextEra Energy Partners

Market Cap

$3B

Today's Change

(-0.12%) -$0.04

Current Price

$33.71

Price as of May 31, 2024, 4:00 p.m. ET

It depends on what it does to replace its pipeline of lithium to produce -- and how much it pays.

In this video, Motley Fool contributors Jason Hall and Tyler Crowe discuss their concerns with NextEra Energy (NEE 2.34%) subsidiary NextEra Energy Partners (NEP -0.12%) and why they think Brookfield Corp (BN 1.95%) subsidiary Brookfield Renewable (BEP 2.52%) (BEPC 1.76%) is a buy.

*Stock prices used were from the afternoon of April 3, 2024. The video was published on April 4, 2024.

Jason Hall has positions in Brookfield Corporation, Brookfield Renewable, Brookfield Renewable Partners, and NextEra Energy Partners. Tyler Crowe has positions in Brookfield Renewable. The Motley Fool has positions in and recommends Brookfield Corporation, Brookfield Renewable, and NextEra Energy. The Motley Fool recommends Brookfield and 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.