This is The First Energy Stock I Plan to Buy in July (Hint: It's Not Energy Transfer)
Shares of Brookfield Infrastructure are down more than 15% this year, even though its growth rate is accelerating.
Overview
I have been steadily adding to my Energy Transfer (NYSE: ET) position this year. I've purchased units of the master limited partnership (MLP) three times already this year. It's one of my favorite energy investments for generating passive income. I also like that the midstream company has strong growth visibility as it builds out its natural gas infrastructure to support growing power demand from AI data centers.
However, as much as I like investing in the MLP, Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP) has surpassed it as my favorite energy stock to buy right now. Here's why it's the first one I plan to buy in July.
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Originally published at www.fool.com.