Shares of Brookfield Renewable (NYSE: BEPC) surged 11.5% in June, according to data provided by S&P Global Market Intelligence. There was no specific catalyst powering the renewable energy dividend stock last month. Instead, it jumped due to the overall rally in the stock market and its strong growth potential.
The S&P 500 (SNPINDEX: ^GSPC) rallied sharply last month, rising 5% as fears of a tariff-driven recession started to fade. After plunging in April, stocks have recovered over the past couple of months as the U.S. paused many of its tariffs while closing in on trade deals with several key partners. That eased the pressure on the economy and stock prices last month. The rally in the market helped lift shares of Brookfield Renewable.
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