Brookfield Renewable, a global leader in renewable energy, is partnering with tech giants to power their data centers. The company anticipates over 10% annual earnings per share growth through 2030. Tech stocks are experiencing AI tailwinds, prompting investors to consider alternative sectors like energy for growth opportunities.

AI data centers require significant electricity, fueling demand for clean energy. Brookfield Renewable’s diverse portfolio in hydro, wind, solar, and nuclear energy positions it as a top choice for tech companies seeking power solutions. The company has signed major agreements with Microsoft and Google, projecting strong growth in the energy sector.

Brookfield Renewable plans to invest $10 billion in development projects and acquisitions over the next five years. With rising power prices and strategic partnerships, the company expects to achieve over 10% annual growth in funds from operations per share through 2030. Investors could potentially benefit from a mid-teen total annual return in 2026 and beyond.

Before investing in Brookfield Renewable, consider other top stocks recommended by The Motley Fool Stock Advisor team. While Brookfield Renewable offers growth potential, exploring alternative investment opportunities could lead to significant returns. Join an investing community for insights on top-performing stocks and market trends.

Read more at Nasdaq: Forget Tech Stocks: The Energy Stock With Monster AI Tailwinds for 2026