RE:Third TOP PICK Today Ryan Bushnell
Northland Power (NPI TSX)
Northland Power was one of our worst-performing holdings in 2023 despite several encouraging transactions to reduce risk and shore up funding plans for upcoming projects. The concern surrounding the slate of development projects is understandable but overblown, leaving the company in much the same position it was nearly a decade ago when few believed they could execute on growth projects. The company has a strong execution record of accomplishment. With financing largely secured, we feel the negative sentiment surrounding renewable development has brought about a sizeable buying opportunity, especially if the shares retreat to the lows in the months ahead. The company is worth watching at current levels.
Owned personally, by family and in the fund
When I read this, you can read it as a reversion to means that he doesn't trust ? or he feels like should have bought and he's determined not to repeat that mistake if it goes back down?