Northland Power Inc T.NPI.P.A

Primary Symbol: T.NPI Alternate Symbol(s): T.NPI.PR.A | T.NPI.PR.B | NPICF | NPIFF

Utilities Utilities - Independent Power Producers

Northland Power Inc. is a Canada-based global power producer focused on helping the clean energy transition by producing electricity from clean renewable resources. The Company owns and manages a diversified generation mix, including onshore renewables, natural gas energy, as well as supplying energy through a regulated utility. Its facilities produce electricity from clean-burning natural gas and renewable resources such as wind and solar. The Company’s segments include offshore wind facilities, onshore renewable facilities, efficient natural gas facilities, and utilities. It operates both onshore and offshore wind facilities in Canada and Europe, with a total annual production of more than 5,000 GWh. It has about 13 ground-mounted solar projects in Canada. The Company’s natural gas facilities use turbines to produce electricity. The Company also has an inventory of projects under construction and in various stages of development encompassing over 15GW of potential capacity.

TSX:NPI - Post by User

Northland Power Inc

<< Previous

Bullboard Posts

Next >>

Post by BayWallon Nov 11, 2023 3:48am

153 Views

Post# 35729910

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

-----------------------------

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.

---------------------------
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.