TSX:NPI - Post Discussion
Post by
Possibleidiot01 on Dec 15, 2023 2:44pm
one of RBC's Best Global Energy Ideas
Northland Power Inc. with an “outperform” rating and $28 target. Average: $31.75. Analyst Nelson Ng: “We are adding Northland Power to the Energy Best Ideas as we believe the company is in an advantaged position relative to peers, with three fully funded projects under construction that should generate EBITDA equivalent to 50 per cent of 2023 levels. With financial close achieved on all three projects, the developments are fully funded, significantly de-risked, with fixed interest rates, hedged currency exposure, and the vast majority of construction costs are fixed. Pursuing incremental growth opportunities would be entirely discretionary.”
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