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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 Nov 09, 2024 2:05am
77 Views
Post# 36304409

RE:RE:why the down trend

RE:RE:why the down trendRusty - did you see the additional commentary in TD, which had an article by David Berman on this theme.  His general point was that alt energy stock prices are dictated by things other than the political cycle.  His analysis of past patterns (up during Trumpian times of 2016-20) then down during Biden' time (2020-24).  The latter was largely an interest rate effect caused by need to decrease inflation.  So even though that may explain the past, the more important question.is the future.  If the argument that interest rates are the important driver is indeed the dominant effect then price will rise.  If argument that a Trumpian administration won't favour alt energy is correct or that interest rates don't decline further then prices will stay low.  I'm skeptically hopeful of the former.  TD also had another article by David Rosenberg who pointed out that any Trumpian effects on inflation and therefore Fed interest rate responses won't come into play until ~2026 (his timing not mine) so that does give at least some time over which interest rates  can still decline, which should lead to an price increase for NPI and others in the utility sector.  Will have to see how it all plays out.
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