Brookfield Renewable Partners (TSX:BEP.UN) looked like the renewable energy stock to beat just a few years ago. Shares of BEP stock surged as renewable energy came into clear focus. Add in a new president in the United States focused on renewable energy growth, and the company climbed to all-time highs.
However, those highs are a thing of the past for now. So, with that in mind, what does an investor have just five years later if they invested $5,000 into this stock? Let’s take a look at earnings and see if that $5,000 can turn back into record highs.
Record earnings, not record share price
During BEP stock’s most recent earnings report, the renewable energy stock reported a “record year” for the business “on almost all metrics.” The company delivered record funds from operations per unit, added almost 5,000 megawatts of capacity, and “deployed or committed” US$9 billion into growth with partners.
“We delivered…
