When it comes to investing for the future, renewable energy stocks might be some of the best options that money can buy. But arguably, above all the rest should be Brookfield Renewable Partners LP (TSX:BEP.UN). So today let’s get into why this renewable energy stock is one that investors should consider on the TSX today.
Cheap shares
Brookfield stock saw share prices skyrocket between 2019 and 2021 when the company hit around $70 per share. Yet since then, shares have fallen into oblivion, now trading at about half those highs. Part of this of course was because shares of the company had reached a fever pitch. Even so, there still seems to be an outside reason for the drop.
Another reason was the Federal Reserve and Bank of Canada engaging in massive rate hikes. This also weighed on the company on a global scale, as Brookfield stock has a global reach through its diversified assets.
Even so, this caused the company to increase…
