Mainstream knowledge of climate change has exploded over the course of the last decade. In many developed nations, citizens now list the environment and climate change action as priorities in elections over the economy, health care, and foreign policy. Investors should expect focus on this topic to intensify in the years to come, and this is as good a reason as any to pour into renewable energy stocks.
A recent report from Allied Market Research projected that the global renewable energy market would reach $1.5 trillion by 2025. This would represent a CAGR of 6% from 2017 to 2025, the end of the forecast period.
Brookfield Renewable (TSX:BEP.UN)(NYSE:BEP) is a stock to hold for investors who want their international bases covered. It owns a portfolio of renewable power generating facilities spread across North America, Latin America, and Europe. In 2019, funds from operations (FFO) grew to $761 million or $2.45 per share compared to $676 million or $2.16 per share in the prior year. The stock last paid out a quarterly dividend of $0.515 per share, which represents a 3.8% yield.
Innergex Renewable (TSX:INE) is a Quebec-based developer, owner, and operator of run-of-river hydroelectric facilities, wind energy, and solar farms in North America. Its shares have soared 56% year-over-year as of close on February 21. Investors can expect to see its Q4 and full-year results for 2019 on February 27. The company’s earnings are forecast to post strong growth in the coming years. Innergex last paid out a quarterly dividend of $0.175 pe share, representing a 3.2% yield.
Related Stories
