John Zechner Northland Power Inc NPI-T BUY Sep 09, 2025

He recently added to it. There's $25-26/share of asset value, considering all their projects on a NAV value. Question is, how will they finance growth? The answer is their new CEO, from Atkins Realis. He sees lots of value in NPI.

Not sure if tariffs would be applied to this type of cross-border energy. Hit along with all the other clean energy. Likes it here. Nibbling on weakness. Compelling yield. Doesn't see a lot of upside, capped in mid-$20s for next 3-5 years.

Power generator with consistent and concrete growth. Currently building 3 projects, on time and on budget, should come online in 2027.

She's more in favour of it now than a year ago. The chart shows that the stock's slowly starting to take off. Sees an upward trajectory from here. Projects continue to come in under budget and ahead of schedule.

Stock's done well since May, as it completed its main Oneida battery plant in the Niagara region -- ahead of schedule and under budget. Cashflow can be used to make the balance sheet more attractive. Stock will be rewarded. Looks very stable going forward.

Likes it quite a bit for its 2 other projects on the go, which are expected to be completed in next couple of years. One in Poland, one in Thailand. Companies with a niche will do well, so he's not too worried about the non-green rhetoric coming from the US.

The chart for AQN tells the story for the sector.

Seeing signs of improvement. Both AQN and NPI have moved above 200-day (40-week) moving average, a positive. Especially so because a lot more quant funds are moving $$ in the markets, and one of the triggers they look at is whether or not it's above that technical level. It it's above, they can buy it; if not, either they can't buy it or they short it. Likes the regulated utilities -- FTS, H, EMA, CU, CPX.

If he were less cautious, he'd be more bullish. Not a big fan. More of a value play. Technically, they've been laggards. Better places to put your $$.

Lack of wind does seem to be an ongoing issue. Bigger picture attracts him. Finished Oneida battery storage project in Ontario ahead of time and under budget (they are really good builders of projects). Two other projects ongoing -- Taiwan is on time and on budget, Poland is also seeing turbines installed. Lots of cashflow once projects come on. Prefers this new management team with respect to deploying cashflow. 

Stock's down today. Better pick today than before the earnings call ;)  Yield is 5.6%, while you wait for very achievable catalysts over next 2-3 years.

Had 3 large projects on the go. One is now complete, under budget and early. Other 2 are on time and on budget. Great history on execution, leaving lots of buffers on projects. 

As projects near completion dates, projects get de-risked, stock price goes up. Starting to see that now, but still early enough to get in. Once those remaining projects get completed, cashflows should increase 45% by 2027. Yield is 5.42%.

Have 2 major projects that they just or will bring online. Offshore wind is their biggest market. Are generating free cash flow and have a slate of projects coming on. The bigger risks come in building these projects, so the risk is gone once the projects are built. They will generate more cash flow and already have a good balance sheet. Renewables are out of favour because of Trump, but he sees potential.