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Northland Power Inc (Ontario) T.NPI

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

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.


TSX:NPI - Post by User

Post by Dibah420on May 10, 2023 3:09pm
309 Views
Post# 35441448

Wow! I didn't see that double whammy coming

Wow! I didn't see that double whammy comingFor the longest of time ( decade or more) NPI together with FTS and AQN were among my bread and butter holdings. With DRIPs and healthy dividends they flourished obliging me to trim from time to time. Sometimes a singular event occurs and forces you to re-evaluate.  In the case of AQN it was a dire winter in Texas, Ted Cruz was hammered in his Bermuda shorts in Cancun,  and the company declared force majeure. I dumped my entire AQN holding around $21.  There was no single event for NPI and nor did I think management was to blame,  but other investments were more attractive over the past two years. I sold my last 1k  NPI shares last August.  I still hold FTS and pleased with its sturdy endurance but hold less than half of what I had once.  Sometimes one has to look at one's favourite  stocks and act on your gut.  Keep in mind that at the best of times we are making decisions in the penumbra of whatever management or analysts choose to disclose.
I wish you all the best and especially Baywall whose posts are usually informative.
Cheers.
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