What happened Shares of Brookfield Renewable Corporation (NYSE: BEPC) jumped 13.9% in October, according to data provided by S&P Global Market Intelligence. That was a noteworthy increase as the newly created entity outperformed Brookfield Renewable Partners (NYSE: BEP), which only rose 3% last month. A couple of factors powered the company's stronger surge. So what Investors have preferred Brookfield Renewable Corporation over Brookfield Renewable Partners since the latter entity created the new option this summer. Overall, shares of Brookfield Renewable Corporation have rallied nearly 60% since its spinoff, roughly doubling the return of Brookfield Renewable Partners during that timeframe even though the two are economically equivalent. Powering the disconnect is that investors would rather own a traditional C-Corp like Brookfield Renewable Corporation over a publicly traded partnership like Brookfield Renewable Partners. That's because some retirement accounts and indexes aren't allowed to hold partnerships and those entities send a more complicated Schedule K-1 at tax time. Image source: Getty Images. Another driver of Brookfield's rally last month was the continued shift toward renewable energy. JPMorgan Chase, for example, recently signed a five-year agreement with Brookfield Renewable to supply electricity to more than 500 of its offices and branches in New York state -- about 90% of its operations -- which will come from the company's hydroelectric facilities. That's part of the bank's commitment to power 100% of its operations with renewable energy this year. Now what Brookfield Renewable Partners created Brookfield Renewable Corporation to broaden its appeal to investors, which seems to have worked. Because of that, the corporation now trades at a significant premium to the partnership, which could be beneficial down the road as it could use the stock as currency to fund growth initiatives like acquisitions or development projects. That additional flexibility could come in handy as more companies seek out renewable energy sources since it could allow Brookfield to meet their needs quickly. 10 stocks we like better than Brookfield Renewable Partners L.P.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Brookfield Renewable Partners L.P. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Matthew DiLallo owns shares of Brookfield Renewable Inc. and Brookfield Renewable Partners L.P. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source