|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's range||32.67 - 34.40|
|52-week range||30.93 - 41.95|
|Beta (5Y monthly)||0.75|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||1.28 (3.63%)|
|Ex-dividend date||30 Aug 2022|
|1y target est||41.88|
Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) takes a broad approach to investing in renewable energy. India is one area where Brookfield sees enormous growth opportunities for renewable energy. Brookfield Renewable has already invested $1 billion into India's renewable power sector since its initial entry in 2017.
Companies that grow at above-average rates can turn a relatively modest investment into a much bigger future payday. For example, a $500 investment in a stock that can deliver 15% annualized returns for 30 years would grow to more than $33,000. For comparison, that same $500 investment in a stock producing 10% annualized returns would only grow into about $8,725 over a 30-year period.
This energy stock is the best bet for those seeking durable passive income amid the sector's transition.