High yields are yours with these renewables

Article Excerpt

With their clean, renewable power, Brookfield Renewable and Innergex hold a lot of conceptual appeal for investors. But just as important, they give you great returns on top of their high dividends: Brookfield is up almost 78% so far this year, and Innergex has gained over 37%. We think both have a lot more room to rise for their investors, while their government-backed contracts lower your risk. BROOKFIELD RENEWABLE PARTNERS L.P. $62.23, is a buy. Through units in the partnership (Toronto symbol BEP.UN; Units outstanding: 296.3 million; Market cap: $18.4 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.4%; www.brookfieldrenewable.com) investors gain exposure to 219 hydroelectric generating stations, 108 wind farms and 4,907 solar-power facilities. In all, it operates over 18,042 megawatts of generating capacity. In the quarter ended September 30, 2019, cash flow per unit jumped 30.3%, to $0.43 U.S. from $0.33 a year earlier. The gains came from both new power plants and opera-tional improvements. Meanwhile, the company now plans to create a Canadian corporation (called…

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