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TC Energy

TC Energy operates natural gas, oil, and power generation assets in Canada and the United States. The firm operates more than 60,000 miles of oil and gas pipelines, more than 650 billion cubic feet of natural gas storage, and about 4,300 megawatts of electric power.

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Global

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ETFs

BBCA

FLCA

ODFL

Donald Trump&#39;s plan for 25% tariffs could put Canada stocks and ETFs under pressure.

Trump Told Trudeau Canada Could Dodge Tariffs As 51st State: Which Sectors Could Be Hit

Commodities

Markets

General

The price of natural gas is expected to remain low for the foreseeable future because of the ramping production. A lot of it is available, and the infrastructure is improving rapidly. Natural gas production is driven by the need to decarbonize and a need to power AI, which also drives demand.

Bet On These 3 High-Yield Stocks As Natural Gas Demand Grows


The price of natural gas is expected to remain low for the foreseeable future because of the ramping production. A lot of it is available, and the infrastructure is improving rapidly. Natural gas production is driven by

Bet on These 3 High-Yield Stocks as Natural Gas Demand Grows

Nike

News

Pre-Market Outlook

Movers

ALHC

BLCO

CAPR

LILM

Nike Reports Weak Sales, Joins Lamb Weston And Other Big Stocks Moving Lower In Wednesday&#39;s Pre-Market Session

Earnings

Dividends

Small Cap

Analyst Ratings

CRGY

CWEN

The United States is expected to see robust demand for electric power from artificial intelligence-driven data center growth, widespread adoption of electric vehicles, and an increase in residential demand. Aside from electric power utility, alternative energy is emerging as an industry promising gains in the long term.

Alternative Energy Likely to Flourish in Near Future: 5 Picks

Equities

Large Cap

Asset Sales

Media

ATMP

EINC

TC Energy nears deal to sell stake in natural gas pipeline system to indigenous communities with C$1B loan guarantee; asset sales strategy to cut debt.

TC Energy Nears Stake Sale In NGTL Pipeline To Indigenous Groups: Report

Legal

TC Energy Corp (TRP) shares drop after Tribunal ruling on $15B claim for Keystone XL revocation. Investors can access stock through EINC and ATMP.

TC Energy Faces Setback In Pursuit Of NAFTA Damages: Details

Two factors often determine stock prices in the long run: earnings and interest rates. Investors can&#39;t control the latter, but they can focus on a company&#39;s earnings results every quarter.

These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar

Office,Managers,And,Business,People,Commute,To,Work,In,The

Shareholders approve creation of new energy infrastructure company, South Bow Corp, which will hold assets like Keystone pipeline. TC Energy CEO says spin-off will maximize value. 

TC Energy Shareholders Approve Spin-Off Of Liquids Pipeline Business: Report

Blue,Natural,Gas,Flames

Government

Regulations

Canada Energy Regulator orders TC Energy Corp&#39;s NGTL to reduce pipeline pressure. No service interruption expected. Investigation ongoing.

TC Energy&#39;s NGTL Pipeline Faces Pressure Reduction Order Despite Repaired Rupture: Report

TC Energy Corp

TRIP COM GROUP LIMITED by Trip.com Group Limited

Trip.com Group Ltd

TC ENERGY 1ST PFD SER 3 by TC Energy Corp.

Pacer Funds Trust Metaurus US Large Cap Divid Multiplier 300 ETF

3R PETE OLEO E GAS U/ADR by 3R PETE OLEO E GAS S A

TC ENERGY CP CUM PFD 7 by TC Energy Corp.

TC ENERGY CORP PFD SER 9 by TC Energy Corp.

TRIP TECHNOLOGIES INC by TRIP TECHNOLOGIES INC.

Trip Technologies Inc

TRIBE PPTY TECHNOLOGIES by Tribe Property Technologies Inc.

Tribe Property Technologies Inc

President-elect Donald Trump and Canadian Prime Minister Justin Trudeau&#8216;s meeting last week about planned tariffs on Canada was said to be productive, but it could put several Canadian sectors <a href="https://www.benzinga.com/general/market-summary/24/11/42212364/trumps-tariff-threat-to-canada-may-disrupt-oil-markets-inflate-prices-would-likely-raise-the-price-of-fuels-says-analyst">on high alert.</a>
What Happened: Trudeau flew to Mar-a-Lago to <a href="https://www.benzinga.com/media/24/11/42252924/canadian-pm-justin-trudeau-warns-trumps-25-tariff-plan-will-hurt-americans-at-high-stakes-dinner">meet with Trump</a>, and the two political leaders ate dinner and discussed several key topics before Trump's January inauguration.
The meeting took place after Trump promised to impose 25% tariffs on Canada when he was sworn into office.
Trudeau told Trump the tariffs would hurt Canada's economy, according to sources at the dinner table, <a href="https://www.foxnews.com/politics/trump-suggests-canada-become-51st-state-after-trudeau-said-tariff-would-kill-economy-sources">per </a>Fox News.
The tariffs are being placed on Canada and Mexico due to illegal immigrants and illegal drugs flowing from those countries to the United States.
Sources said Trump was direct regarding his conversation with Trudeau, telling the Canadian leader that his country has failed to protect the border. Trump also wants to eliminate the trade deficit with Canada, estimated to be around $100 billion, according to the sources.
"So your country can't survive unless it's ripping off the US to the tune of $100 billion?" Trump reportedly said to Trudeau about the trade deficit.
The report said that if Canada can't survive with the requirements of protecting the border and fixing the trade deficit, Trump suggested that the neighboring country could become the 51st state instead.
Trudeau and others at the table nervously laughed at the suggestion, with Trump reportedly adding that the title of prime minister is better than governor. As the meeting concluded, talks between Trump and Trudeau were said to have been "very positive."
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent120324">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The report said Trump told Trudeau he expected changes to be made ahead of his January inauguration, or the tariffs would be placed on Canada on his first day in office.
A tariff on Canada could impact several sectors, including some of the top exporters to the United States. Crude oil, petroleum gas, vehicles, car parts, machinery, turbines, plastics, pharmaceuticals, metals and agricultural products are among the top exported items from Canada to America, as <a href="https://www.washingtonpost.com/business/2024/11/26/what-us-imports-canada-mexico-china-trump-tariffs/">reported </a>by the Washington Post.
Large Canadian oil companies Suncor Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>), Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>), Canadian Natural Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) and TC Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>) could face significant impacts from the tariffs and a potential blow to the sector.
Railway company Canadian Pacific Kansas City Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) and trucking companies Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) and Knight-Swift Transportation Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) could also be impacted by the tariffs and the negative impact on trade between the United States and Canada.
Canadian ETFs like the iShares MSCI Canada Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWC#NYSE">EWC</a>), JPMorgan BetaBuilders Canada ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BBCA#BATS">BBCA</a>), Franklin FTSE Canada ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLCA#NYSE">FLCA</a>) and Invesco CurrencyShares Canadian Dollar Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXC#NYSE">FXC</a>) could also be impacted by the potential trade war.
Canada is the second-largest trade partner with the United States, with $418 billion in goods imported from Canada in 2023 and $354 billion in goods exported to the country.
Goldman Sachs economists predict that Canada's gross domestic product<a href="https://www.benzinga.com/24/12/42291861/trumps-tariff-plan-risks-economic-pain-for-north-america-goldman-sachs-warns" target="_blank" rel="noopener"> could decline</a> by as much as 4% if Trump&#8217;s 25% tariff plan is enacted. The plan could also hurt the U.S. GDP, the analysis said.
"A large increase in tariffs on North American imports would entail significant economic costs, particularly for Canada and Mexico," Goldman Sachs economists said.
Read Next: 
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<li><a href="https://www.benzinga.com/news/global/24/11/42220682/trump-tariffs-on-mexico-could-affect-beer-why-your-modelo-corona-could-cost-more-next-year">Trump Tariffs On Mexico Could Affect Beer: Why Your Modelo, Corona Could Cost More Next Year</a></li>
</ul>
Photo: Shutterstock

BMO Capital analyst Ben Pham maintains TC Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>) with a Market Perform and raises the price target from $66 to $70.

Price Target

BMO Capital Maintains Market Perform on TC Energy, Raises Price Target to $70

<ul>
<li>2025 comparable EBITDA expected to be approximately $10.7 to $10.9 billion</li>
<li>Announced four new growth projects, totaling&nbsp;approximately $1.5 billion&nbsp;of gross capital expenditures, aligned with increasing demand for natural gas and nuclear power generation</li>
</ul>

Guidance

TC Energy To Host Its Investor Day, To Outline Its Strategic Vision And Growth Outlook; Announces Four New Growth Projects Across Portfolio

Earnings Beats

TC Energy Q3 2024 Adj. EPS C$1.03 Beats C$0.98 Estimate, Sales C$4.083B Beat C$3.978B Estimate

TC Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>) reported quarterly earnings of C$1.03 per share which beat the analyst consensus estimate of C$0.98 by 5.1 percent. This is a 3 percent increase over earnings of C$1.00 per share from the same period last year.

TC Energy Q3 2024 Adj. EPS C$1.03 Beats C$0.98 Estimate

The price of natural gas is expected to remain low for the foreseeable future because of the ramping production. A lot of it is available, and the infrastructure is improving rapidly. Natural gas production is driven by the need to decarbonize and a need to power AI, which also drives demand. <a href="https://www.marketbeat.com/stocks/sectors/energy/">Demand for natural gas</a> is the salient point because it has to be gathered, processed, stored, and transported, which is where the profits are. Mid-stream operators are insulated from natural gas price swings. They make their money from demand and volume, with <a href="https://www.marketbeat.com/stock-ideas/natural-gas-will-boom-in-2025-and-kinder-morgan-is-the-play/">demand growing steadily</a>&mdash;good news for their revenue, cash flow, and capital returns.&nbsp;
The latest estimates show that natural gas demand growth will run at a 3.5% CAGR over the next 10 years, producing a 35% net increase before the end of this decade and driving business for midstream companies like Kinder Morgan (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmi#NYSE">KMI</a>), Williams Companies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmb#NYSE">WMB</a>), and others. The critical detail is that these companies produce robust cash flow and pay it to their investors. The takeaway is that their high yields are safe and reliable, distribution growth supports the price action, and the market for their stock is on fire.&nbsp;
<h3>Kinder Morgan Reports Tepid Q3: Stock Price Breaks Out to Multi-Year High</h3>
Kinder Morgan reported a tepid Q3, with revenue and profits missing the consensus estimates, but the outlook overshadowed the bad news. The company&#39;s comments echo those of others in the industry, citing robust demand from the data center industry that is expected to drive significant and sustained volume growth over the next few years. About 300 data centers are under construction in the U.S., all located within easy reach of natural gas infrastructure and all in need of reliable power with the lowest carbon impact.
Kinder Morgan&#39;s stock price surged following the Q3 release, breaking out to a multi-year high that puts it on track to rise by at least another 20% over the next 12 to 24 months. The move is aided by analysts raising their price targets, lifting the consensus by 10% since summer. Consensus implies fair value near $24.50, but revisions suggest a move to the high-end range is likely, which is another 10% higher.&nbsp;
Analysts will likely continue raising targets because of pipeline asset growth, cash flow growth, free cash flow, and capital return growth, including share repurchases. Kinder Morgan share repurchases benefit shareholders, reducing the average count by 1.7% in the year&#39;s first nine months. <a href="https://www.marketbeat.com/stocks/NYSE/KMI/">Regarding the dividend</a>, it yields more than 4.5%.&nbsp;
<img alt="Kinder Morgan KMI stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241021103943_chart-kmi-10212024.png" style="height:305px; width:624px" />
<h3>The Williams Companies Says Demand Grows at Unprecedented Pace</h3>
Williams Companies operates a diverse pipeline and gathering and processing portfolio. The highlights from its F2 report include better-than-expected profitability, accelerated debt reduction, and a 6% increase in the dividend. The <a href="https://www.marketbeat.com/stocks/NYSE/WMB/dividend/">dividend is worth</a> about 3.6%, with the stock trading near a 10-year high and expected to continue growing along with the business. Business growth is supported by demand <a href="https://www.marketbeat.com/stock-ideas/top-3-stocks-to-buy-now-as-energy-sector-hits-buy-zone/">growth and company expansion</a>.
Williams Companies, like Kinder Morgan, is expanding via acquisitions and new projects, many of which are already under construction. Analysts rate this stock as a Moderate Buy and are raising their price targets, lifting the consensus by more than 1300 basis points since the FQ2 release.&nbsp;
<img alt="Williams Companies WMB stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241021103951_chart-wmb-10212024.png" style="height:305px; width:624px" />
<h3>TC Energy Corporation Is a High-Yield Value</h3>
TC Energy Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trp#NYSE">TRP</a>) pipeline assets span North America from Mexico and the Gulf region throughout the U.S. and Canada. Highlights from its FQ2 report include sustained growth, outperformance on top and bottom lines, and robust cash flow.
The story in 2025 will be about organic growth due to expected divestitures. The company is selling off its non-LNG assets to reposition for the future. Regarding the dividend, TRP is the highest-yielding stock on the list, with a payout of nearly 5.8% and shares trading at a 2-year high.&nbsp;
The recent price action is suggestive. The market for TRP stock is in rally mode, advancing by 35% since spring 2024. The move is driven by results and <a href="https://www.marketbeat.com/stocks/NYSE/TRP/earnings/">analysts raising their price targets</a>. Activity since summer includes several upgrades to Buy or higher equivalents with price targets indicating a new all-time high is likely.&nbsp;
<img alt="TC Energy TRP stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241021104001_chart-trp-10212024.png" style="height:305px; width:624px" />
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/bet-on-these-3-high-yield-stocks-as-natural-gas-demand-grows/">Bet on These 3 High-Yield Stocks as Natural Gas Demand Grows</a>&quot; first appeared on MarketBeat.

TC Energy Announced That 1.3M Of Its 18M Fixed Rate Cumulative Redeemable First Preferred Shares, Series 9 Have Been Elected For Conversion On A One-for-one Basis Into Floating Rate Cumulative Redeemable First Preferred Shares, Series 10 Effective In Oct

Goldman Sachs analyst John Mackay maintains TC Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>) with a Sell and raises the price target from $38 to $42.

Goldman Sachs Maintains Sell on TC Energy, Raises Price Target to $42

TC Energy Announced That Transcanada Pipelines Has Released the Results Of Its Previously Disclosed Seven Separate Offers To Purchase For Cash The Outstanding Notes And Amended The Offers By Increasing The Maximum Purchase Amount From $1.75B To $1.809B

TC Energy Disclosed The Expiration Of The Previously Announced Separate Offers Of TransCanada Pipelines To Purchase For Cash Up To C$350M In Aggregate Purchase Price, Excluding Accrued And Unpaid Interest Of Its Outstanding Notes Of The Two Series

U.S. stock futures were lower this morning, with the Dow futures falling around 100 points on Wednesday.
Shares of NIKE, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) fell sharply in today's pre-market trading f<a href="https://www.benzinga.com/news/earnings/24/10/41129610/nike-q1-earnings-revenue-miss-eps-beat-teams-energized-amid-ceo-transition-a-comeback-at-this-scale">ollowing first-quarter results</a>.
The company reported first-quarter revenue of $11.59 billion, missing analyst estimates of $11.65 billion. The athletic footwear and apparel company reported first-quarter earnings of 70 cents per share, beating analyst estimates of 52 cents per share.
NIKE shares declined 5.5% to $84.25 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) shares declined 24% to $212.77 in pre-market trading after the company provided update on decline in Stars performance for 2025 and how it will impact quality bonus payments in 2026.</li>
<li>TC Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>) dipped 7.1% to $44.94 in pre-market trading. TC Energy provided conversion right and dividend rate notice for Series 9 and 10 preferred shares.</li>
<li>Alignment Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALHC#NASDAQ">ALHC</a>) shares fell 6.9% to $9.31 in pre-market trading after dipping over 15% on Tuesday.</li>
<li>Bausch + Lomb Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>) shares declined 6% to $18.00 in pre-market trading.</li>
<li>Lamb Weston Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) shares fell 4.5% to $62.00 in pre-market trading. The company reported better-than-expected earnings for its third quarter and announced plans to cut approximately 4% of the global workforce and eliminate unfilled job positions.</li>
<li>Lilium N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LILM#NASDAQ">LILM</a>) shares declined 4.4% to $0.7290 in pre-market trading.</li>
<li>Capricor Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>) shares fell 3.4% to $14.50 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/41102060/jim-cramer-hand-picks-these-3-stocks-to-ride-the-crest-of-the-chinese-stimulus-frenzy">Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy</a></li>
</ul>

Nike Reports Weak Sales, Joins Lamb Weston And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

WIIM

TC Energy shares are trading lower after the company announced delays in an equity interest purchase transaction due to structuring issue within NGTL Partnership.

The Company is focused on developing a transaction that delivers meaningful distributions to Indigenous Communities while upholding the fundamental value of the NGTL System and the Foothills Pipeline assets.

TC Energy Says Equity Interest Purchase Transaction For NGTL System And The Foothills Pipeline Assets Has Been Delayed Due To An Identified Transaction Structuring Issue Within NGTL Partnership

Barclays analyst Theresa Chen maintains TC Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TRP#TSX">TRP</a>) with a Overweight and raises the price target from C$61 to C$64.

TSX:TRP

Barclays Maintains Overweight on TC Energy, Raises Price Target to C$64

RBC Capital analyst Maurice Choy maintains TC Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TRP#TSX">TRP</a>) with a Outperform and raises the price target from C$59 to C$66.

RBC Capital Maintains Outperform on TC Energy, Raises Price Target to C$66

Scotiabank analyst Robert Hope maintains TC Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TRP#TSX">TRP</a>) with a Sector Outperform and raises the price target from C$58 to C$62.

Scotiabank Maintains Sector Outperform on TC Energy, Raises Price Target to C$62

- Bloomberg News
- Bloomberg News

Canada's Indigenous Groups To Borrow C$1 Billion For TC Energy Pipeline Stake

TC Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>) reported quarterly earnings of C$0.94 per share which beat the analyst consensus estimate of C$0.91 by 3.3 percent. This is a 2.08 percent decrease over earnings of C$0.96 per share from the same period last year. The company reported quarterly sales of C$4.085 billion which beat the analyst consensus estimate of C$3.804 billion by 7.38 percent. This is a 6.66 percent increase over sales of C$3.830 billion the same period last year.

TC Energy Q2 2024 Adj. EPS C$0.94 Beats C$0.91 Estimate, Sales C$4.085B Beat C$3.804B Estimate

Backed By Alberta Indigenous Opportunities Corporation, Implied Enterprise Value Of $1.65B

TC Energy Announces $1B Equity Interest Purchase Agreement With Indigenous Investment Partnership For 5.34% Stake In NGTL And Foothills Pipeline Assets

The United States is expected to see robust demand for electric power from artificial intelligence-driven data center growth, widespread adoption of electric vehicles, and an increase in residential demand. Aside from electric power utility, alternative energy is emerging as an industry promising gains in the long term.
The Zacks Alternative Energy industry can be fundamentally segregated into two sets of companies. While one group is involved in the generation and distribution of electricity from sources like wind, natural gas, biofuel, hydro and geothermal, the other is engaged in the development, design and installation of renewable projects involving these alternative energy sources.&nbsp; 
Impressive Projections
Since 2010, the total demand for electric power in the United States has remained stable at around 4,000 terawatt-hours (TWh). The Electric Power Research Institute, in its &quot;Powering Intelligence: Analyzing Artificial Intelligence and Data Center Energy Consumption&quot; report, projected that data centers would consume 9.1% of total U.S. electricity generation by 2030 compared with 4.6% at present.&nbsp;
The report said, &quot;AI queries require approximately ten times the electricity of traditional internet searches and the generation of original music, photos, and videos requires much more.&quot; The Federal Energy Regulatory Commission reported that the data center electricity demand across the United States is expected to climb to 35 gigawatts (GW) in 2030 from 19 GW in 2023.&nbsp;
A research report by Rystad Energy predicted that the combined expansion of traditional and AI-driven data centers, along with chip foundries, will increase the cumulative demand for U.S. electric power by 177 TWh from 2023 to 2030, reaching a total of 307 TWh.&nbsp;
EVs will emerge as the second major catalyst for power demand growth in the United States. The expansion of battery EVs will raise the demand for electricity from 18.3 TWh in 2023 to 131 TWh in 2030. Rystad Energy estimates that total U.S. power demand across the residential, commercial, and industrial sectors will reach 4,500 TWh in 2030.
Major investment bank The Goldman Sachs Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) forecasts that the U.S. data center power demand will grow 160% by 2030 owing to the ongoing AI revolution. The report said, &quot;At present, data centers worldwide consume 1-2% of overall power, but this percentage will likely rise to 3-4% by the end of the decade. In the United States and Europe, this increased demand will help drive the kind of electricity growth that hasn&#39;t been seen in a generation.&quot;
<h3>Other Positives</h3>
Alternative energy operators, in order to maintain, upgrade and expand operations, approach capital markets for loans as the funds generated from internal sources are not always sufficient. Therefore, a low interest rate regime is beneficial for the electric power industry. The CME FedWatch tool currently shows that market participants are highly optimistic about two rate cuts of 25 basis points each in 2024.
Consequently, operators planning to invest large amounts in infrastructure upgrades and add renewable sources of energy to produce clean electricity may be able to borrow funds at a lower rate, which will decrease the overall cost of the long-term projects, raising their profit and margins.
<h3>Our Top Picks</h3>
We have narrowed our search to five alternative energy stocks that are regular dividend payers. These stocks have good potential for the rest of 2024 and have seen positive earnings estimate revisions within the last 60 days. Each of our picks carries a Zacks Rank #2 (Buy).
The chart below shows the price performance of our five picks year to date.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b9/72276.jpg?v=1875779037" style="border-style:solid; border-width:1px" />
Image Source: Zacks Investment Research
Constellation Energy Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceg#NASDAQ">CEG</a>) generates and markets electricity. CEG&#39;s operating segment consists of the Mid-Atlantic, Midwest, New York, ERCOT and Other Power Regions. CEG sells natural gas, renewable energy and other energy-related products and services. CEG serves distribution utilities, municipalities, cooperatives, and commercial, industrial, governmental, and residential customers.
Constellation Energy has an expected earnings growth rate of 52.7% for the current year. Although its revenue growth rate is negative for the current year, it is 2.4% for next year. The Zacks Consensus Estimate for current-year earnings has improved 2.7% over the last 60 days. CEG has a current dividend yield of 0.7%.
NextEra Energy Partners LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nep#NYSE">NEP</a>) has completed several financing agreements to secure funds for acquisitions and improve financial flexibility. The passage of the Inflation Reduction Act and the use of new technology are helping NEP develop renewable projects.
NEP&#39;s current portfolio has meaningful organic growth opportunities in the coming years. The assets acquired by NEP are providing it with additional long-term investment opportunities. A disciplined investment approach will allow NEP to expand operations, remain competitive and increase the cash distribution of its unitholders over the long term.
NextEra Energy Partners has an expected revenue and earnings growth rate of 0.5% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 5.6% over the last 60 days. NEP has a current dividend yield of 13.4%.
Clearway Energy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cwen#NYSE">CWEN</a>) is benefiting from its focus on North American operations and modern utility-scale clean renewable projects that ensure high fleet availability and low maintenance costs. Net proceeds from the disposition of the Thermal Business to KKR allowed CWEN to lower corporate borrowings and reduce its debt level.
CWEN&#39;s primary business strategy is to focus on acquisitions and ownership of assets that have predictable and long-term cash flows to increase the cash dividends paid to holders of its Class A and Class C common stock over time, without compromising the ongoing stability of the business.
Clearway Energy has an expected revenue and earnings growth rate of 7.2% and 50.8%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 9.8% over the last 90 days. CWEN has a current dividend yield of 6.5%.
Crescent Energy Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crgy#NYSE">CRGY</a>) is an independent oil and natural gas company that acquires, explores, develops, exploits and produces crude oil and natural gas properties principally in the shallow waters of the Gulf of Mexico and onshore properties in Texas, Oklahoma, Louisiana and Wyoming in the United States.
CRGY has an expected revenue growth rate of 21.2% for the current year. Although its earnings growth rate is negative for the current year, it is 63.7% for next year. The Zacks Consensus Estimate for current-year earnings has improved 39.5% over the last 90 days. CRGY has a current dividend yield of 4%.
TC Energy Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trp#NYSE">TRP</a>) is a predominantly natural gas pipeline operator with operations spanning Canada, the United States and Mexico. A quality stock with industry-leading wide moat assets, TRP has a secured portfolio of C$34 billion in growth projects. This should support TRP&#39;s stated dividend growth commitment of 3-5% annually in the future. TRP&#39;s strategic asset management and divestiture program positions it to maximize asset value.
TRP has an expected revenue growth rate of 0.3% for the current year. Although its earnings growth rate is negative for the current year, it is 0.9% for next year. The Zacks Consensus Estimate for current-year earnings has improved 0.7% over the last seven days. TRP has a current dividend yield of 6.7%.
<a href="https://www.zacks.com/stock/news/2307650/alternative-energy-likely-to-flourish-in-near-future-5-picks?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2307650">To read this article on Zacks.com click here.</a>

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