Northland Power Inc (Ontario) 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, 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.

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Northland Power Inc (Ontario)

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Post by BayWallon Apr 18, 2023 5:36pm

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Post# 35401732

Downdraft

The best I could find for stock declines--Hawkish Fed comments on Tuesday were bearish for stocks. St. Louis Fed President Bullard said the Fed should keep raising interest rates after recent data showed inflation remains persistent. Also, Atlanta Fed President Bostic said he favors going on hold after delivering one more rate hike and then holding rates above 5% for "quite some time."

Also it seems renewable energy developers' 1Q EPS could will fall below last year's 1Q. EPS across the board. Northland no exception.

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