Q: BEP : I just invested in my RRSP ,with 5% a loss in one day,(the stock dropped already 10% in a few days) ,how to explain such a trend for this large and well positioned Cie,are the investment + dividend safe?
5i Research Answer:
It is a bad market day, and timing may not have been perfect, but it rarely is. At times it seems like stocks go down immediately after buying them. BEP is up about 5% for the year, in line with the TSX movement, more or less. It has doubled since 2018. We think it is important to look at the big picture, plus its 5%+ dividend yield. Good growth is expected, and it has done well over a longer time frame. There are more than 200 Canadian stocks down more than it today.