RE:Fairly valued at $31?Can click on link above.
Interesting paragraph--
The primary challenges faced by NPI include asset concentration, fluctuations in interest rates and long-term power prices, and exposure to foreign exchange risks. NPI's offshore wind portfolio is heavily reliant on a few projects, with three of them accounting for about 50% of the expected adjusted EBITDA. This increases the risk of a single asset having a significant impact on NPI's cash flow. The company is also exposed to changes in long-term power prices and interest rates, as it has long-duration power generation assets. Although its near-term cash flow is protected by power purchase agreements, the average expiration of its offshore wind contracts is within the next decade. NPI is also susceptible to foreign exchange risks, as a majority of its revenue is in euros and less than 30% of its cash flow comes from Canadian operations. The company mitigates this risk through foreign currency hedge contracts. The company's offshore wind portfolio is limited in size and has shorter-term contracts, making it vulnerable to increased competition in the renewable energy sector, which could lead to return compression. Additionally, NPI is a smaller player in the offshore wind industry compared to its peers.