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TSE:NPI

Northland Power Inc (NPI.TO)

22.85
-0.02 (0.09%)
as of Jun 18, 2026, 8:00:00 pm Market Open.
631 watching
0
Investor Insights
star iconJun 18, 2026, 12:00 am

This summary was created by AI, based on 25 opinions in the last 12 months.

Northland Power Inc. has faced challenges recently, including a significant dividend cut and project delays, particularly in Taiwan, which have adversely affected investor sentiment. The new CEO is perceived as addressing long-standing issues, and while the stock currently has positive momentum and completed projects that exceeded expectations, concerns remain regarding future execution and strategy. Analysts highlight the potential for recovery and increasing cash flows once current projects are operational and express cautious optimism due to a well-supported technical chart. The overall sentiment is mixed; while some see opportunities due to its undervalued status and long-term renewables growth potential, others advocate for caution considering the execution risks and recent performance trends.

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Consensus
Cautious
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Valuation
Undervalued
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Similar
BEP.UN
STRONG BUY
They had a big run at end-2020, but have come off this year. Long term, NPI remains very attractive. They produce offshore wind power globally and are a potential take-out candidate given their scope. ESG is a strong tailwind. It's one of his largest holdings and he's buying at current levels.
BUY ON WEAKNESS
Holds some for their income portfolio. Was the biggest contributor for their performance last year. A secular growth potential story. A consistent performer and the pullback is buyable. The pullback is due to exposure and earnings disappointments due to storms in Texas. Likes the geographic exposure with roots in Canada. Clean natural gas, long tenure and great allocators of capital. 3% yield and has been a good capital appreciator.
BUY
Big fan. If you're a long-term investor, still tremendous opportunity. Growth pipeline of double EBITDA is not reflected in the valuation. Short term, it could be choppy. Long term, excellent name to own, One of the leaders in offshore wind, robust track record of execution.
BUY ON WEAKNESS
They operate well in renewables, though the entire space has pulled back this. So, now is a good entry point. They just issued equity to buy an onshore-wind Spanish company, which diversifies NPI beyond offshore wind.
TOP PICK
It is his second largest position. They are one of the few global players and they have these off-shore wind sites, which is the big frontier in this. He thinks this is a good entry point into this company. It could be a goo take-over candidate and there should be good growth as well. (Analysts’ price target is $53.12)
BUY
Buy now after the Spanish wind farm purchase and equity raise? The market is concerned, but the market misses that the Spanish deal is a platform for growth in Spain for NPI. Spain will invest in a lot of renewable projects in the next 5-7 years. The current lack of attention for renewables now creates a buying opportunity now. NPI can double its EBITDA in the next 5 years across its diverse growth profile. Management has executed very well in the past decade. Risks: technical like offshore wind is always possible in this sector, or even noise concerns that effect the local population, but NPI has always solved these problems and delivered projects on time and on budget. All this makes him confident in their execution. Regulation risk/intervention is also possible, but a rule of law in countries like Spain allows companies to fight issues in courts.
BUY
It has done really well. They are now having a bit of a hiccup in their growth. They did equity financing for a recent acquisition. He likes the story. He would not make it a big position, however, if you already have one.
BUY ON WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They announced an acquisition and financing for the deal. The acquisition looks good, but it is not a huge deal compared to the company’s market cap. It adds more diversity and renewable assets. Attractive at current levels following the market selling off with the financing. Unlock Premium - Try 5i Free

PARTIAL SELL
Very well run. Outlook for renewable power is very strong over the next 5-10 years. NPI has opportunities to grow further. Stock's run up. Bond yields moving up tends to put pressure on utilities that have a strong dividend yield. If you've had a gain, consider taking money off the table and selling 1/3 of your position. It won't get back to last year's lows.
BUY
Great company. One of his favourite renewables. #4 in offshore wind. Growth pipeline is pretty robust for the next 5-10 years. The whole space has been under pressure, as utilities are rate sensitive, but this provides an opportunity in many names.
HOLD
Allan Tong’s Discover Picks Meanwhile, its Canadian peer, Northland Power, has risen around 18%, but has been enjoying stronger momentum lately. Read 6 Promising Green Energy Stocks for our full analysis.
BUY
Renewable energy juggernaut. Expanding into Poland, though returns won't be seen for years. He'd trust them above all to execute flawlessly in a new jurisdiction. Has faith in management. Long-term, more projects and M&A announcements.
COMMENT

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The Biden win was probably fully priced in so that accounts for the slight pullback recently. The stocks are up 50% this year. Sector rotation is also a factor and investors may be switching out for underperforming stocks. No real concern and both companies remain a buy. Unlock Premium - Try 5i Free

PAST TOP PICK
(A Top Pick Oct 24/19, Up 69%)Educational Segment. He's owned this since day one. Still likes it. It has run up a lot, so he's trimmed a bit. The business is resilient and cash flow is fine. They a had few issues with Project Gemini, but other parts of the business show strength. They continue to make in-roads with their Taiwan offshore project an closing their Colombian utility. Managers have done an excellent job building this company, but it'll take a few more years for things to materialize. ESG investing has gained a lot of steam. He'd buy more on a better entry point.
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Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK
Trudeau's announcement of a green fund will lift renewable power stocks like this one, at least indirectly. Stockchase staffers like renewables and we've recommended this one before. They pay safe, juicy dividends (2.98% for NPI and projected to rise), with revenues fuelled by locked-in, long-term contracts. NPI has beaten in its last fourth reports. Also, more investors are pouring money into ESG stocks in a trend that will continue to accelerate. Northland makes primarily wind power as well as solar and hydro in Europe, Asia and North America, so it's geographically diversified. Also, on sell-off days as we've recently seen, this green utility stocks surge. The only caveat is that NPI has run up so much this year, hitting all-time highs as you read this. You may have to be nimble, but entering on weakness is a good idea, or buying a tranche now and adding later if it declines. (An alternative pick is Northland's peer, Algonquin Power.) Note: Stockchase staff own Northland Power.
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