5 Best Green Energy Stocks To Buy

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In this article, we discuss the 5 best green energy stocks to buy. If you want to read our analysis of energy stocks, go directly to 11 Best Green Energy Stocks To Buy.

5. Brookfield Renewable Corporation (NYSE:BEPC)

Stock Price Change Over the Past Six Months as of November 17: -9%

Brookfield Renewable Corporation (NYSE:BEPC) is one of the biggest publicly listed renewable power companies.

The decline in the cost of batteries for energy storage along with solar panels and wind turbines will continue to improve the profit margins of Brookfield Renewable Corporation (NYSE:BEPC). The management intends to increase its cash distribution by 5% to 9% annually and promises 12% to 15% of total returns to investors in the long run. Brookfield Renewable Corporation (NYSE:BEPC) has compounded its dividend by 6% annually from 2013 to 2022. The company’s revenue outlook is also certain, as its average power purchase agreement (PPA) is for 14 years.

Furthermore, Brookfield Renewable Corporation (NYSE:BEPC) intends to achieve funds from operations (FFO) growth of 10% – 20% by 2026 by employing inflation escalation clauses in the PPAs along with strategies to enhance margins. Brookfield Renewable Corporation (NYSE:BEPC) plans to expand its operations through mergers and acquisitions (M&A).

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