Oh well.... David Povall and his team is doing ok. Exec VP Offshore Wind. It's the corporate financing side which is of concern to some.
I don't know exactly what the recent at the market equity issue was for. If used for project purposes should not reduce the value of the company. But EPS and stock price may decline. I hope they are not using the money to pay dividends.
I was disappointed when the stock broke below the 200 week moving average at $38. I had expected a bounce-off. No divergences exist with any chart indicators. Even a NVI divergence would have boost confidence. But now the indicator is simply confirming stock price movements and offering no buy signals.
Algonquin Power sent shivers through the sector. Aug11th, 2022 they declare a $33 million loss and the stock started its fall. Fear that dividend cuts are coming did not help things. From $17 to $8.50. Since recovered to $11.67
Maybe the fears were overdone and is why the stock showed resilence. Brookfield, Algonquin and Boralex are moving up.
Northland, still nothing to speak of. Lets hope May 9th 1st Q results will give reason for some confidence. At least show a profit close to expectations which are already lower than last year.
Here's where a significant earnings drop is forecast, yet the stock remains a strong buy. Beyond me.