Northland Power Inc T.NPI

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

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.

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Northland Power Inc > Rebecca Teltscher- BNN - TOP PICK

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Post by Possibleidiot01on Jun 10, 2024 3:48pm

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Rebecca Teltscher- BNN - TOP PICK

Northland Power (NPI TSX)

Many utilities and power producers outperformed the market last quarter as the increase in power demand now resonates with the market amid all the growth that we’ve seen in the power-intensive AI space. However, Northland Power has lagged behind its peers as it currently faces execution risk on the three large projects that are currently under construction.

As management continues to provide positive project updates, value in the stock should unlock and investors will feel more comfortable owning the name. Northland has a strong record of execution with previous large projects and we feel confident in the team’s ability to continue the trend. In the latest conference call, management indicated that all three projects remain on schedule and within budget and should come online by 2027.