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Northland Power Inc (NPI-T)

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Utilities

Northland Power Inc
NPI-T

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Signal	Opinion	Expert
COMMENT	Northland Power Inc(NPI-T) March 19, 2019 Today, the chairman did a secondary offering of $750 million at $23.35/share. The stock dropped 9.5% today. Should I be worried or will this be accretive? Because the chairman is doing the offering, the company is not getting the proceeds, so this is the worst kind of seconday offering, because it's going to him--the Chairman. So, you got to absorb $750 million that is going to estate planning. It's fine; the chairman has a right to do it, but the market has to absorb $750 million in the market. It got absorbed today--barely. That's why the stock is soft. Eventually, the offering will get absorbed and that's fine. Utilities 0 0 0 0 0 0 comments	Today, the chairman did a secondary offering of $750 million at $23.35/share. The stock dropped 9.5% today. Should I be worried or will this be accretive? Because the chairman is doing the offering, the company is not getting the proceeds, so this is the worst kind of seconday offering, because it's going to him--the Chairman. So, you got to absorb $750 million that is going to estate planning. It's fine; the chairman has a right to do it, but the market has to absorb $750 million in the market. It got absorbed today--barely. That's why the stock is soft. Eventually, the offering will get absorbed and that's fine. Utilities 0 0 0 0 0 0 comments Bruce Campbell President, Campbell and Lee Inv... Price $23.360 Owned Unknown

BUY	Northland Power Inc(NPI-T) March 14, 2019 It has been interesting with a lot of these renewable power utilities. They bounce back a lot better than the rest of the market. He only owns this kind of quality for the dividend. His only concern is that it is part of a historically high price. They are very, very clean in term of energy. (Analysts’ price target is $26.42) Utilities 0 0 0 0 0 0 comments	It has been interesting with a lot of these renewable power utilities. They bounce back a lot better than the rest of the market. He only owns this kind of quality for the dividend. His only concern is that it is part of a historically high price. They are very, very clean in term of energy. (Analysts’ price target is $26.42) Utilities 0 0 0 0 0 0 comments Tim Nash Financial , The Sustainable Econ... Price $25.740 Owned Unknown
TOP PICK	Northland Power Inc(NPI-T) February 27, 2019 A good start to the year. They have brought on 3 wind projects and one in the North Sea. They have a 20 year agreement in Taiwan. He does not expect a dividend increase this year. They are trying to finance growth internally. His largest holding. Yield 4.86% (Analysts’ price target is $26.42) Utilities 0 0 0 0 0 0 comments	A good start to the year. They have brought on 3 wind projects and one in the North Sea. They have a 20 year agreement in Taiwan. He does not expect a dividend increase this year. They are trying to finance growth internally. His largest holding. Yield 4.86% (Analysts’ price target is $26.42) Utilities 0 0 0 0 0 0 comments Ryan Bushell President, Newhaven Asset Manag... Price $24.930 Owned Yes
TOP PICK	Northland Power Inc(NPI-T) January 16, 2019 A renewal energy company with a $4 billion market cap. A dividend payout ratio of 58%. Forecast earnings growth of 40% is expected. They have created free cash flow of $325 million. A PE of 15.5, which drops to 10.5 in 2020 and higher earnings growth. Yield 5.3%. (Analysts’ price target is $25.73) Utilities 0 0 0 0 0 0 comments	A renewal energy company with a $4 billion market cap. A dividend payout ratio of 58%. Forecast earnings growth of 40% is expected. They have created free cash flow of $325 million. A PE of 15.5, which drops to 10.5 in 2020 and higher earnings growth. Yield 5.3%. (Analysts’ price target is $25.73) Utilities 0 0 0 0 0 0 comments Robert McWhirte President, Selective Asset Mana... Price $22.820 Owned Yes
BUY	Northland Power Inc(NPI-T) January 16, 2019 AQN vs. NPI He likes and owns them both. They offer steady cash flow. Likes their dividends which should continue for quite a while. The downside to these and other utilities is that pension funds own them. So if there's a downturn, these will come down in price from a sell-off. Utilities 0 0 0 0 0 0 comments	AQN vs. NPI He likes and owns them both. They offer steady cash flow. Likes their dividends which should continue for quite a while. The downside to these and other utilities is that pension funds own them. So if there's a downturn, these will come down in price from a sell-off. Utilities 0 0 0 0 0 0 comments Jaime Carrasco Portfolio , Canaccord Genuity... Price $22.820 Owned Yes
PAST TOP PICK	Northland Power Inc(NPI-T) January 15, 2019 (A Top Pick Jan 04/18, Up 3%) They had a good 2018. Pays a solid 5% dividend and has good development projects in Taiwan and Korea. They brought on their big projects in Europe on time and on budget. They're now producing, so there's good cash flow to increase dividends and reinvest in the company. The end game could be as a tuck-in business for a larger infrastructure provider. Utilities 0 0 0 0 0 0 comments	(A Top Pick Jan 04/18, Up 3%) They had a good 2018. Pays a solid 5% dividend and has good development projects in Taiwan and Korea. They brought on their big projects in Europe on time and on budget. They're now producing, so there's good cash flow to increase dividends and reinvest in the company. The end game could be as a tuck-in business for a larger infrastructure provider. Utilities 0 0 0 0 0 0 comments Ryan Bushell President, Newhaven Asset Manag... Price $22.580 Owned Yes
BUY	Northland Power Inc(NPI-T) January 7, 2019 He is looking at it. The dividend is a little low. But they have some wind farms coming online in the North Sea and this should move the needle. It is a good solid company to own at this stage. Utilities 0 0 0 0 0 0 comments	He is looking at it. The dividend is a little low. But they have some wind farms coming online in the North Sea and this should move the needle. It is a good solid company to own at this stage. Utilities 0 0 0 0 0 0 comments Bruce Murray CEO & Chie, The Murray Wealth Gr... Price $22.260 Owned No
BUY	Northland Power Inc(NPI-T) December 18, 2018 They've expanded a lot into offshore wind in Europe with two farms with another in Germany, plus one in Taiwan, plus a letter of understanding in Korea. They won't increase their dividend 5% a year, but will as projects come on. Utilities 0 0 0 0 0 0 comments	They've expanded a lot into offshore wind in Europe with two farms with another in Germany, plus one in Taiwan, plus a letter of understanding in Korea. They won't increase their dividend 5% a year, but will as projects come on. Utilities 0 0 0 0 0 0 comments Douglas Kee Chief Inve, Leon Frazer & Associ... Price $22.350 Owned Yes
HOLD	Northland Power Inc(NPI-T) September 26, 2018 This is a significant holding for them. They just spoke with management yesterday and received some good information on their dividend policy. They have been slowing their dividend growth relative to the growth in free cash flow to ensure the company does not have to go into the equity market to dilute shareholder value – a smart move he believes. He thinks it is undervalued at this value. Utilities 0 0 0 0 0 0 comments	This is a significant holding for them. They just spoke with management yesterday and received some good information on their dividend policy. They have been slowing their dividend growth relative to the growth in free cash flow to ensure the company does not have to go into the equity market to dilute shareholder value – a smart move he believes. He thinks it is undervalued at this value. Utilities 0 0 0 0 0 0 comments Ryan Bushell President, Newhaven Asset Manag... Price $21.770 Owned Yes
PAST TOP PICK	Northland Power Inc(NPI-T) September 19, 2018 (A Top Pick June 27/17 Up 3%) Basically the return has been the dividend. He does not mind being paid to wait. They have had some good success in a couple of international ventures. It is trading at a cheaper valuation relative to its US peers. He continues to hold it. Yield 3% Utilities 0 0 0 0 0 0 comments	(A Top Pick June 27/17 Up 3%) Basically the return has been the dividend. He does not mind being paid to wait. They have had some good success in a couple of international ventures. It is trading at a cheaper valuation relative to its US peers. He continues to hold it. Yield 3% Utilities 0 0 0 0 0 0 comments Lyle Stein Sr. Portfo, Vestcap Investment M... Price $22.670 Owned Yes
BUY	Northland Power Inc(NPI-T) September 17, 2018 Likes it. There was concern they didn't have enough growth in the next few years, but NPI thenwent out and secured contracts in Taiwan. Buut that was too far, so then signed contracts in Germany. It pays a safe, decent yield. Conservative balance sheet. They've proved they can bring projects on time and under budget. Utilities 0 0 0 0 0 0 comments	Likes it. There was concern they didn't have enough growth in the next few years, but NPI thenwent out and secured contracts in Taiwan. Buut that was too far, so then signed contracts in Germany. It pays a safe, decent yield. Conservative balance sheet. They've proved they can bring projects on time and under budget. Utilities 0 0 0 0 0 0 comments Douglas Kee Chief Inve, Leon Frazer & Associ... Price $22.620 Owned Yes
BUY	Northland Power Inc(NPI-T) September 4, 2018 Renewable energy is down these days. Before, investors wanted the yield (bonds were paying so little). But now there's more risk-on and a move towards growth stocks, not dividends. So, now is a buying opportunity in NPI and this sector. He would own this for the long term. Utilities 0 0 0 0 0 0 comments	Renewable energy is down these days. Before, investors wanted the yield (bonds were paying so little). But now there's more risk-on and a move towards growth stocks, not dividends. So, now is a buying opportunity in NPI and this sector. He would own this for the long term. Utilities 0 0 0 0 0 0 comments Tim Nash Financial , The Sustainable Econ... Price $21.640 Owned Unknown
WAIT	Northland Power Inc(NPI-T) August 28, 2018 Range-bound and is now closing in on its bottom. Your only play is within this range. To trade, wait till it falls closer to $20. Utilities 0 0 0 0 0 0 comments	Range-bound and is now closing in on its bottom. Your only play is within this range. To trade, wait till it falls closer to $20. Utilities 0 0 0 0 0 0 comments Elliott Fishman Director o, Trading Services Gro... Price $22.160 Owned Unknown
BUY	Northland Power Inc(NPI-T) May 7, 2018 Their European operations are now producing cash flows which they'll reinvest in other projects. The CEO is a big shareholder, always a good sign. It pays a good dividend yield over 5%. Revenues come outside Canada, so it's well-diversified. A solid, good long-term hold. They report earnings tomorrow. Utilities 0 0 0 0 0 0 comments	Their European operations are now producing cash flows which they'll reinvest in other projects. The CEO is a big shareholder, always a good sign. It pays a good dividend yield over 5%. Revenues come outside Canada, so it's well-diversified. A solid, good long-term hold. They report earnings tomorrow. Utilities 0 0 0 0 0 0 comments Ryan Bushell President, Newhaven Asset Manag... Price $23.500 Owned Yes
WEAK BUY	Northland Power Inc(NPI-T) April 4, 2018 An unconventional utility working on clean and renewable energies. About 2/3 of their earnings come from wind and solar power. It is on trend and they own assets in Europe, where there is large decommissioning of dirty energy assets. A sophisticated developer, but has not been a consistent dividend growth story. He believes the dividend is safe. He is warm to the business although does not currently own it. Yield 5.5%. Utilities 0 0 0 0 0 0 comments	An unconventional utility working on clean and renewable energies. About 2/3 of their earnings come from wind and solar power. It is on trend and they own assets in Europe, where there is large decommissioning of dirty energy assets. A sophisticated developer, but has not been a consistent dividend growth story. He believes the dividend is safe. He is warm to the business although does not currently own it. Yield 5.5%. Utilities 0 0 0 0 0 0 comments Brian Madden Senior VP , Goodreid Investment ... Price $23.040 Owned No

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