Brookfield Renewable Corporation (BEPC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) has been an incredible growth stock over the years. The renewable energy giant has expanded its cash flow at a nearly 10% annual per share rate over the last decade. As good as Brookfield has been in the past, its future looks even brighter.
If there is a silver lining to this year's downdraft in the stock market, it's providing investors with some great long-term investment opportunities. Three top dividend stocks that are down sharply and look like great buys right now are Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), Digital Realty (NYSE: DLR), and Enbridge (NYSE: ENB).