Consider these two safety-conscious leaders

Article Excerpt

Long-time readers know that we aim to keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to bolster investor gains. Here are two buys that stand out this month: BROOKFIELD RENEWABLE PARTNERS L.P., $32.36, is a buy. The partnership (Toronto symbol BEP.UN; Units outstanding: 660.2 million; Market cap: $21.3 billion; TSINetwork Rating: Extra Risk; Dividend yield: 6.6%; www.bep.brookfield.com) owns 239 hydroelectric generating stations, 230 wind farms, 226 solar facilities, and 7,211 distributed generation and energy storage sites. In the quarter ended December 31, 2024, Brookfield’s revenue increased 8.2%, to $1.43 billion from $1.32 billion a year earlier (all amounts except unit price and market cap in U.S. dollars). The increase is partly due to acquisitions. The sale of less-profitable businesses also helped boost cash flow by 19.2%, to $304 million from $255 million; cash flow per unit gained 21.1%, to $0.46 from $0.38, on fewer units outstanding. In May 2024, Brookfield signed an agreement with Microsoft Corp. to…