Brookfield Renewable Is Building the Real Backbone of the AI Revolution

Brookfield Renewable (NYSE: BEP)(NYSE: BEPC) is a large and diversified producer of clean energy. That puts it in a sweet spot when it comes to artificial intelligence (AI), which is a power-hungry technology. Here's why you may want to buy this high-yielding stock to capitalize on the AI revolution.Brookfield Renewable is basically an independent power producer that sells power under long-term contracts. This creates reliable cash flows that the company uses to pay dividends to investors and to expand its business. The company takes an active approach to its portfolio, building, buying, and selling assets regularly. Proceeds from asset sales are generally used to purchase new assets.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool