ComparisonI'd like your opinion on these two stocks in the renewables sector (Northland Power and Boralex). Which one or both do you think is preferred for a 5 year hold?
We like both these names in the renewable sector and think that they are solid options for a five year hold. NPI has higher growth potential, with three facilities currently in the construction phase projected to be online in 2027. However, NPI has higher debt and is riskier due to these ongoing construction projects compared to BLX. We think that both companies should perform better over the next few years as pressures in the renewables/utilites sector alleviate with BLX being the safer option with some growth upside. (5iResearch)