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Brookfield Infrastructure Partners would be a logical candidate to lead this list for many reasons. The company manages $91 billion in infrastructure assets. The vast majority (95%) of its revenue stems from long-term contracts or government-regulated rates. That’s the kind of predictability that analysts love.
And despite the pandemic, the company has posted a very respectable return of nearly 10% in the last 12 months. In fact, the BIP stock return is over 100% since the pandemic sell-off in March 2020.
But specific to a potential Biden infrastructure plan, Brookfield just announced the public issuance of 8 million Class A Preferred Limited Partnership Units that raised gross proceeds of $200 million. The company plans to use that money to finance and/or refinance what the company refers to as “Eligible Green Projects.” This puts the company in the position to be a king maker for the many companies that are looking to have a place at the table.
Brookfield Renewable Partners L.P. (“Brookfield Renewable”) (NYSE: BEP; TSX: BEP.UN) today announced that it has determined the fixed distribution rate on its