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Northland Power Inc T.NPI.PR.B


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

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. The Company’s natural gas facilities use turbines to produce electricity. It owns or has an economic interest in approximately 3.4 GW (net 2.9 GW) of operating capacity. The Company also has an inventory of projects in construction and in various stages of development encompassing approximately 12 GW of potential capacity. It operates power infrastructure assets in Asia, Europe, Latin America, and North America.


TSX:NPI - Post by User

Post by BayWallon Oct 15, 2023 2:22am
243 Views
Post# 35684148

A long wait, time for a nap?

A long wait, time for a nap?
The company is taking a breather from pursuing new projects. The reasons were given by the company. Over the next 3 years, the market will merely receive updates on Baltic Power. Hai Long and Oneida storage.

Like this for example-Orlen makes FID on 1.2GW Baltic Power offshore wind project (power-technology.com)

The stock is lumped in the same basket as other interest sensitive stocks. No matter positive news the stock price is dictated by uncontrollable events. No use flooding this forum with off topic posts, if there is little news specific to the company.

Credit given to stock analysts for their $30+ targets. But as one analyst comments-  Mr. Ng of RBC, says in a note: "We thought achieving financial close for the Baltic Power and Hai Long offshore wind developments would be the positive catalysts needed to move the shares of Northland Power higher. However, the market shrugged off the key milestones and the shares of Northland traded lower with the rest of the renewable peers. We see limited company-specific catalysts going forward, and it could take time for the market to recognize the value of the offshore wind developments under construction. 


zzzzz
 
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