RE:Top Pick #2 Market Call TodayRyan Bushell
Northland Power (NPI TSX)
The downturn in Northland Power seems overdone to us, especially following the downdraft in all renewable energy companies following the election. Northland has no exposure to the United States and several catalysts ahead including the possible sale of underperforming business units and first power at its Baltic power project in 2025. Brookfield recently purchased its first offshore wind assets from Orsted last month and Northland remains an attractive acquisition target. With a six per cent dividend yield, solid contracted growth ahead and valuable in place infrastructure we feel Northland has a bright path ahead after a difficult few years.
Owned personally, by family and in fund