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Brookfield Renewable Partners L.P. (BEP.UN)
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Algonquin Power & Utilities Corp. (AQN)
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Northland Power Inc. (NPI)
Q: I held AQN in two separate accounts for over a year, I sold AQN in the account that had the largest position (80%) and I've hung on to AQN in the other account.
I thought of replacing AQN with NPI to maintain my sector exposure, I've yet to make that purchase.....why???? I've been side tracked with the idea of buying BEP.... Can you folks please wade in, would appreciate some of your thoughts and rationale.
Happy Holidays to the staff and readers
I thought of replacing AQN with NPI to maintain my sector exposure, I've yet to make that purchase.....why???? I've been side tracked with the idea of buying BEP.... Can you folks please wade in, would appreciate some of your thoughts and rationale.
Happy Holidays to the staff and readers
5i Research Answer:
Of the three, we would far prefer BEP. Not only is it doing much better, stock-wise, it hasn't 'screwed up' like the other two have, with various issues impacting operations. BEP we think is much better managed, and is significantly larger so should be safer as well. Debt is high at all three, but this becomes less of an issue as rates peak. We would go with quality, size and positive momentum here and suggest BEP over the others, fairly easily.