Narrow focus and waiting for market sentiment to shift Seimens will not build a blade factory in the US, Orsted runs away from some projects and this cloud still around--
Investors were also rethinking the recent rally fueled by hopes that the Federal Reserve's interest-rate hiking cycle was finishing.
"This sudden hawkish tone contrasts with the dovish hints provided during the last FOMC meeting, leaving investors with a blurry feeling about the outlook on monetary policies," ActivTrades said.
ActivTrades
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Natonal Bank analysis of NPI, Friday Nov 10th
Northland Power expects to finish 2023 at the lower end of its full-year adjusted EBITDA guidance of $1.2 billion to $1.3 billion.
"The company has made the right moves to raise capital and narrow its focus on its high-return projects, and investors are now focused on NPI's construction milestones," the bank said.
National Bank gave Northland an outperform rating with a $32.00 price target.
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And next, stock has held up well? No it hasn't. Waiting for some market sentiment to show up, so buy now. Step change increase in FCF in 2026. I will be 3 years older. Definately a long term investment horizon is required. Making daily posting on this forum is rather awkward. One analyst in the call-in, made mentioned the green hydrogen topic, where Northland could have opportunities to supply electricity to facilities. Extending the life of their windfarms and maintaining cashflows.
November 10, 2023 at 12:00 pm EST
(MT Newswires) -- BMO Capital Markets on Friday maintained its outperform rating on the shares of Northland Power (
NPI.TO) while cutting its price target to C$31.00 from C$34.00 after the renewable-power company holds its own despite weak industry conditions.
"After underperforming for most of 2023 on concerns around its off-shore wind projects, NPI shares have held up recently despite continued negative headline news in global renewables. As NPI executes on its projects under construction and de-risks key milestones including closing the Gentari sell-down, we expect the market to better appreciate the step change increase in FCF beginning in 2026. Timing the shift in sentiment perfectly will be difficult and as such we recommend owning ahead. We have lowered our target to $31 (vs. $34) and maintain Outperform rating," analyst Ben Pham wrote.
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