The Globe and Mail reports in its Thursday, April 6. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $45.13. Mr. Kuske says in a note: "We maintain a positive bias on NPI's overall exposure and ability to surface further value from the existing asset base -- let alone some future prospects. The transaction with Gentari provides a good starting point, however, we believe various other levers can be pulled to generate greater value. ... Given NPI's partners in Poland and Taiwan we see broader potential for the convergence of offshore wind and green hydrogen-related efforts on a longer-term basis -- something that is also not in our financial forecasts. For NPI, we focus on three areas: (1) outstanding options with a view of several recent transactional marks that create farm down flexibility; (2) with Orsted's recent FID in Taiwan, some of the questions around Hai Long should begin to dissipate with greater clarity around returns, costs and schedule; and, (3) dealing with the duration dichotomy."
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