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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

Comment by mcfishon Oct 25, 2024 9:21pm
100 Views
Post# 36283016

RE:why the down trend

RE:why the down trendI figured I'd add further thoughts and questions.  I now suspect the decline in NPI might be caution ahead of the US election for a couple of reasons.  First might be that a Trump win (seeing signs this is becoming more likely than not) could rekindle inflation.  If so the the current cycle of declining rates, which I was hoping would benefit NPI, would stall.  The other possibility is effects via changes to the IRA.  From what I read Trump dislikes wind power.  If so that might be negative for the wind sector.  I'm not sure if NPI has projects coming up in the US.  If not this latter effect might be more perception than reality.  Any thoughts from others on the links between current price decline and US election?
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