What happened Shares of Brookfield Renewable Corporation (NYSE: BEPC) slumped 17.5% in February, according to data provided by S&P Global Market Intelligence. The renewable energy stock experienced a deeper decline than its sibling Brookfield Renewable Partners (NYSE: BEP), which slipped only 6.8% last month. So what Brookfield Renewable Corporation has been a hot commodity since Brookfield Renewable Partners formed that entity last year to appeal to a broader investor base: BEPC data by YCharts. As that chart shows, Brookfield Renewable Corporation's shares have significantly outperformed units of Brookfield Renewable Partners since the spin-off. That divergence came even though they're economically equivalent entities. The main factor powering the outperformance was investor preference. Demand was higher for the corporate entity than the partnership because it's easier to own it in a tax-advantaged account like an IRA. That led their parent, Brookfield Asset Management (NYSE: BAM), to cash in on some of its Brookfield Renewable Corporation shares by completing a secondary offering last month. It sold 15 million shares at $51.50 apiece to provide the market with more liquidity. The offering weighed on the price of the corporate shares. Brookfield Renewable also reported its fourth-quarter results last month. The company posted double-digit increases in power generated and cash flow thanks in part to recent acquisitions. It also boosted its dividend by 5% and continued to secure new growth opportunities. Image source: Getty Images. Now what Brookfield Renewable created a corporate entity to broaden its investor appeal, which worked so well that the new entity trades at a premium to the partnership. The price difference narrowed last month as their parent sold some shares to increase their public availability. That won't have any long-term impact on the underlying business, which continues to hum along as it captures opportunities to create value in the renewable energy megatrend. 10 stocks we like better than Brookfield Renewable Corporation Inc.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 Corporation Inc. 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 February 24, 2021 Matthew DiLallo owns shares of Brookfield Asset Management, Brookfield Renewable Inc., and Brookfield Renewable Partners L.P. The Motley Fool owns shares of and recommends Brookfield Asset Management. The Motley Fool has a disclosure policy.Source