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Renewable energy stocks continue to deliver stellar returns, thanks to the growing adoption and rising demand. I see tremendous opportunity in renewable energy stocks, as secular industry trends, favourable policies, significant capital investments, and focus on decarbonization globally presents a solid underpinning for growth.
Besides stock price appreciation, renewable energy companies pay solid dividends, thanks to their ability to generate predictable cash flows. So, if you plan to buy top renewable energy stocks, consider investing in these three Canadian gems.
Brookfield Renewable Partners
Speaking of pure-play renewable energy stocks, consider buying the shares of
Brookfield Renewable Partners (TSX:BEP.UN)(NYSE:BEP). With over 19,000 megawatts of generating capacity and 23,000 megawatts development pipeline, Brookfield Renewable Partners owns diversified renewable energy assets. Further, the company generates resilient cash flows and has creditworthy counterparties.