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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.


TSX:NPI - Post by User

Northland Power Inc (Ontario)
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Post by TimeBuilderon May 10, 2023 3:39pm
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Post# 35441523

FYI: Credit Suisse Target Price 46$$ ;>O

FYI: Credit Suisse Target Price 46$$ ;>O

Northland Power Maintains Outperform Rating From Credit Suisse Despite Q1 Results Miss; Price Target Kept at C$46.00

12:22 PM EDT, 05/10/2023 (MT Newswires) -- Credit Suisse on Wednesday reiterated its outperform rating on the shares of Northland Power (NPI.TO) and its C$46.00 price target after the renewable-power producer reported first-quarter results below expectations.

"Northland Power Inc. (NPI) reported headline Q1 2023 EPS of C$0.27 that missed both our and the Street's identical C$0.50 views along with being beneath the C$0.41-C$0.60 range. Similarly, on adjusted EBITDA, NPI's C$352m missed our C$386m view, the Street's C$385m and the bottom of the C$372m-C$397m range. Versus our segmented estimates, the Onshore Renewables performed in line and the other groups were weaker (combination of lower production and weaker pricing). We note growth development capital was elevated in comparison to Q1 2022 as NPI continues to execute on many fronts as per the February Investor Day and various recent activities," analyst Andrew Kuske wrote.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 28.04, Change: -4.52, Percent Change: -13.88


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