TSE:NPI

Northland Power Inc (NPI.TO)

22.01
-0.09 (0.41%)
as of Sep 25, 2026, 8:00:00 pm Market Open.
629 watching
0
PAST TOP PICK
(A Top Pick Oct 24/19, Up 19%) This is a renewable power company. Since October they had a good Q3 print. They reaffirmed guidance. They are buying back shares.
HOLD
His intrinsic value is about $34 with a 14% upside and that would take you to a technical resistance point. Renewable is one of the 'the things' and of course the stocks are doing very well. Be careful about buying into something 'hot' that has already had a good move. It could be ahead of what it can actually do in terms of earnings.
BUY

AQN-T vs. NPI-T. He prefers NPI-T. These are both good exposure to renewable utilities. NPI has a longer tenure of growth and getting projects sanctioned. It is the premium play in the renewable sector.

BUY
Green energy stock? asd
BUY
Good company. Owns it in an income seeking mandate. Leader in renewable energy, mostly in Europe. Wind and solar can compete on an unsubsidized basis with fossil fuel. Legitimate growth play. Steadily growing dividend and capital appreciation. Yield is 4.45%. (Analysts’ price target is $30.00)
BUY

How Many Stocks does he Recommend Holding in the Utility Sector. Stocks in isolation miss the point. It depends on what utilities you are buying. He has almost a 20% weighting in utilities. He has FTS-T with huge diversification, yet has NPI-T which is a power producer around the world as well as domestic, although mostly off-shore wind. He owns 4 or 5 stocks.

HOLD
They had a great year last year and had a great inflow of capital last year. He thinks the performance is set to continue this year. They are looking to expand now into other areas. He would be looking to sell at the $24 level.
PAST TOP PICK
(A Top Pick Jan 16/19, Up 27%) Still keen on it and it’s one of the top 10 dividend stocks to buy in Canada. Thinks there is good opportunity still.
HOLD
In the alternative energy space and it has performed well against its peers.
BUY
Below the radar among utilities. Yields 5-6% and a great performer in the past few years. Best of breed among renewables.
TOP PICK
A Canadian green utility that's growing. They're expanding globally aggressively. There's huge offshore wind potential worldwide. NPI has wind farms in the north Atlantic and they just opened one in Taiwan and bought one in Colombia. Tremendous opportunity here. It pays over a 4.5% dividend yield. (Analysts’ price target is $29.25)
BUY ON WEAKNESS
He owns three others in the renewable space but nothing wrong with this one. It has been treading water because a large shareholder sold a large amount of stock. They are trying to stabilize the revenue mix. There are some power purchase agreements that will go down to zero over the next few years and so they are trying to back fill that in. They are going global and going into off-shore wind. They took some risks that paid off. They may not increase the dividend any time soon.
TOP PICK
The majority of assets are in Canada or Europe. They have clean-burning Natural gas generation, on-shore wind, solar, and off-shore wind in Europe. They are focused on renewable. He likes this name because they have a leg up on off-shore wind development globally. There is going to be tremendous growth in this sector but you need the expertise that this company has. (Analysts’ price target is $29.00)
BUY

They just made an acquisition in a utility in Colombia, but the founder also sold a lot of shares a while ago. The valuation is stretched like most utilities, but NPI will continue to perform. You're more likely to get hit with an earnings surprise with NPI as opposed to AQN or Emera, but NPI is overall good.

COMMENT
The dividend hasn't risen that much. They've made progress in their offshore wind project, as well as a project in Mexico. Their Q2 results were the same as results from a year ago. They need to keep growing to pay down debt and pay dividends.
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