Brookfield Renewable Partners LPNYSE: BEP

NextEra Energy should continue generating powerful total returns. Brookfield Renewable has several growth catalysts.

NextEra Energy Partners is still growing dividends at an impressive 10% a year. Brookfield Renewable is focused on clean energy and has a generous yield.

Brookfield Renewable is looking to sell a renewable energy asset in Europe. It could recycle the proceeds into a number of opportunities.

AI could drive accelerated demand for electricity in the coming years. Brookfield Renewable is emerging as a key beneficiary of the expected surge in renewable energy demand.

As much as there is a belief in the future of fossil fuels as a superior energy source to meet global demand, there are clearly profitable opportunities in renewable energy stocks to buy.  The U.S. Energy Information Administration forecasts electricity generation will grow by about 3% in 2024 and 1% next year with renewables — mostly solar — supplying most of that growth.

Are nuclear stocks the next big thing in green energy investing? Recent developments certainly point to that prospect as the alternative energy source attracts increasing legislative and consumer attention — even as sustainable solutions like electric vehicles increasingly fall out of favor.

Brookfield Renewable has grown its earnings and dividend briskly over the years. It has plenty of power to continue growing rapidly.

Anyone investing in renewable energy stocks knows that the past few years have been rough. High interest rates and weaker consumer sentiment have hit the sector hard.

Brookfield Renewable is down over 40% from its peak levels and offers an attractive yield. Enbridge is off of its recent highs by around 25% and has a high yield.