13 Best Utility Stocks to Buy According to Analysts

5. Brookfield Renewable Corporation (NYSE:BEPC)

Average estimated analysts’ upside: 24.74%

Number of Hedge Fund Holders: 19

​Brookfield Renewable Corporation (NYSE:BEPC) operates as one of the world’s largest publicly traded platforms for renewable power and decarbonization solutions. Its diversified portfolio includes hydroelectric, wind, solar, and sustainable solutions across five continents, with an installed capacity of approximately 33,000 megawatts and a development pipeline of around 155,400 megawatts.

Brookfield Renewable Corporation (NYSE:BEPC) delivered record results in 2024, achieving 10% funds from operations growth on a YoY basis, driven by inflation-linked contracted cash flows, acquisitions, and the successful execution of organic growth initiatives. The company exceeded capital deployment targets by investing $12.5 billion, including a record 7,000 megawatts of new capacity globally. It generated record proceeds of $2.8 billion from asset recycling at an average return of 25% IRR and approximately 2.5x on invested capital.

Brookfield Renewable Corporation (NYSE:BEPC) is experiencing a dramatic shift in electricity demand driven by the AI revolution, creating significant opportunities for growth. Despite weaker sentiment in public markets stemming from US policy uncertainties, the fundamentals for energy have never been better, with low-cost renewable technologies seeing greater demand than ever before. The company’s focus on the lowest-cost mature renewables technologies, combined with its extensive 200,000-megawatt development pipeline concentrated in top data center markets, positions it well to capture accelerating corporate demand. BEPC is strongly backed by sell-side analysts, estimating an average upside of 24.74%, which guarantees the stock’s fifth place on our list of the best utility stocks to buy.