Bullboard - Stock Discussion Forum Northland Power Inc (Ontario) NPIFF

Primary Symbol: T.NPI Alternate Symbol(s): 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... see more

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Northland Power Inc (Ontario) > why the down trend

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Post by mcfish on Oct 22, 2024 10:05am

why the down trend

Does anyone have any insight on why the IPP stocks are trending down ahead of a BOC rate cut? I would think that a cut of 0.25% woudl be beneficial and the emerging view of a 0.5% cut would increase prices on utility stocks. Any thoughts?

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Comment by mcfish on Oct 25, 2024 9:21pm

I 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 ...more

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Comment by wkrpradio on Oct 26, 2024 1:26pm

Donald Trump doesn't support forcing people to buy EV's with government handouts. FYI inflation in the US spiked under the Biden/Harris cabal. Should Donald Trump win the election , Justine Trudeau will have to hide in his safe space. .

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Comment by rustyblades on Oct 29, 2024 12:14pm

The BOC rate doesn't have much of an impact on companies with a large percentage of assets outside of Canada. Today TD published a comprehensive report on renewables producers, mainly focused on BLX, BEP, NPI and INE. It's copyrighted so I won't paste the report. Their view is we are exiting a trough, Electricity demand in the US will grow at 4% per annum after 20 years of flat line ...more

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Comment by rustyblades on Oct 29, 2024 12:15pm

Typo, 2024 payout ratio should be 95%

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Comment by mcfish on Nov 06, 2024 2:25am

I read the TD report and it did provide a better explanation for the lower values,e.g. the high payout ratio of NPI. It reminded me that there are multiple factors that affec the stock price (duh). Subsequently I saw reference to a National Bank analysis indicating that IPP prices were unjustifiably low, and today/yesterday another TD report commenting on the possibility of IRA effects on ...more

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Comment by mcfish on Nov 09, 2024 2:05am

Rusty - 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 ...more

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