Northland Power Inc (Ontario) T.NPI

anyone know why the big sell off today?

[pjrocksmb]

I don't see any news!

[peter82828]

Apparently the CEO or founder sold a whack of stock: $654M of shares in a bought deal. https://twitter.com/BarrySchwartzBW/status/1338969613716107274

[retired234]

I would say that he is related to Ebenezer Scrooge............."all for me ...none for you" .  Corporate greed wins again................he must of took a page out of Trump's book ? Thanks for the hit GLTA...........as the little guy has no control of what the big boy's do. Retired

[BayWall]

Reminds me of the song by Rush-"Big Money". Big money make no sound, spin big deals, spin big wheels, make a million dreams, gives & takes and goes around the world. A Cinderella story on a tumble of the dice. And although big money has no soul, it has done a power of good.

[happyretirement]

Reply from Investor Relations @ NPI   Thank you for the note.   No the post was incorrect. It was not Northland’s CEO that was selling but rather the former founder of the company selling for estate planning purposes.   Regards,

[peter82828]

Thanks happyretirement.  Didn't know you could become a former founder.  Maybe the company was re-founded somehow?  ;-) In the long-term scheme of things this is just a blip, and I'm sure there will be many along the way.  Looks like it's starting to claw its way back already this morning.

[SargeX]

Good find. I thought it was just all pure renewables as BEP.UN was also down 4.09% today so this is very interesting. I don;t blame the guy as he has been trying to divest for a few years now and this is his 2nd or 3rd big one. I like his timing as I really think all pure renewables are grossly over-priced.  As I've mentioned, my wife & I very rarely trim but recently sold all our

[TimeBuilder]

Peter  >>   Thank You  for that   Regards, TimeBuilder

[BayWall]

Same question was raised on November 3Oth. Searching the internet a person can find reasons provided by analysts. Here is an interesting one: --Transmission infrastructure build-out typically lags behind renewables deployment by several years, which is already causing problems in Germany, Europes largest energy market. The relatively low capacity factors of wind and solar compared to legacy plants

[BayWall]

Other analysts like Travis Hoium say on Nov. 30th--Don't worry. The reality is that after a great November, the market is pulling back right now as investors take some profits, and that's a natural cycle in the market. So we shouldn't be surprised by the volatility. Long term, I think there are still a lot of tailwinds behind the renewable energy industry because costs have fallen far