Ryan Bushell Brookfield Renewable Corp. BEPC-N COMMENT May 24, 2024

She likes the assets with substantial holdings in hydro power. Also we should see an increase in nuclear power and they provide service to these stations. It is down like all utilities but is historically good at buying assets at reasonable prices. It just raised its dividend to a 5.4% yield and she expects more dividend increases and free cash flow growth.

All these utilities thrive when interest rates are low, but suffer when rates rise, and now rates are high. Eventually, these stocks will rise when rates come down, but he wouldn't touch this sector. Their business model is not sustainable and needs adjustment.

A good name. High-quality way to play de-carbonization space. Very bullish last quarter on future growth and electricity demand. Company says scale lets it mitigate tariff risk, because they can source a lot in the US. Doing really well with data centres. Now 10.5x 2027 price to AFFO, and growing ~10.4%. Nice dividend.

Own in a registered account and get tax-free distributions, or in a non-registered account. Long-term value. Buy a bit now, and buy more lower which will happen with the wild swings and choppy markets.