Northland Power Inc
NPI-T
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About Northland Power Inc (NPI-T)
Northland Power is an independent power producer founded in 1987, and publicly traded since 1997. Northland develops, builds, owns and operates facilities that produce 'clean' and 'green' energy, ...
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Opinion
Expert
BUY
BUY
November 13, 2019
Below the radar among utilities. Yields 5-6% and a great performer in the past few years. Best of breed among renewables.
Below the radar among utilities. Yields 5-6% and a great performer in the past few years. Best of breed among renewables.
Utilities
TOP PICK
TOP PICK
November 5, 2019
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)
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)
Utilities
BUY WEAKNESS
BUY WEAKNESS
October 31, 2019
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.
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.
Utilities
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
$25.810
No
TOP PICK
TOP PICK
October 24, 2019
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)
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)
Utilities
BUY
BUY
October 15, 2019
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.
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.
Utilities
COMMENT
COMMENT
October 11, 2019
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.
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.
Utilities
STRONG BUY
STRONG BUY
October 2, 2019
Also owns AQN and likes both. He owns more of AQN. NPI will grow because they have the science to grow green energy and are improving with it. They have the financing, too. It's getting easier to finance "alternate energy" which is swiftly moving into the mainstream. Both are long-term holds.
Also owns AQN and likes both. He owns more of AQN. NPI will grow because they have the science to grow green energy and are improving with it. They have the financing, too. It's getting easier to finance "alternate energy" which is swiftly moving into the mainstream. Both are long-term holds.
Utilities
HOLD
HOLD
September 25, 2019
Cheaper than peers? It trades at a discount to its peers as there has been no new product development for them. This will change at year end into 2020. At some point it will catch up in value. There has been an overhang as to whether the largest shareholder would hold or sell their shares. That is done now. They have just bought into a regulated Colombian infrastructure play to get stability of revenues. Yield 4.7%
Cheaper than peers? It trades at a discount to its peers as there has been no new product development for them. This will change at year end into 2020. At some point it will catch up in value. There has been an overhang as to whether the largest shareholder would hold or sell their shares. That is done now. They have just bought into a regulated Colombian infrastructure play to get stability of revenues. Yield 4.7%
Utilities
BUY
BUY
September 19, 2019
It is one of his largest positions. He has been purchasing. He did not like the transaction. Maybe it brings them some diversification. You have to be worried about what they will pay but it is not big enough to hurt the one way or another. He continues to own.
It is one of his largest positions. He has been purchasing. He did not like the transaction. Maybe it brings them some diversification. You have to be worried about what they will pay but it is not big enough to hurt the one way or another. He continues to own.
Utilities
WATCH
WATCH
September 12, 2019
AQN-T vs. NPI-T. He likes the sector. It is not a pure utility play. AQN-T has a nice upward trend. They have come off a little bit. They diverged since July. He is looking at whether they will come off a little more. Sept and Oct tend to be the worst performing months.
AQN-T vs. NPI-T. He likes the sector. It is not a pure utility play. AQN-T has a nice upward trend. They have come off a little bit. They diverged since July. He is looking at whether they will come off a little more. Sept and Oct tend to be the worst performing months.
Utilities
PAST TOP PICK
PAST TOP PICK
August 9, 2019
(A Top Pick Jun 21/19, Up 2%) Hasn't sold any. Loves it. He'd name it a top pick again, but it's too soon. They just reported earnings with great free cash flow which will lead to share buybacks and dividend increases. Everything is on track here.
(A Top Pick Jun 21/19, Up 2%) Hasn't sold any. Loves it. He'd name it a top pick again, but it's too soon. They just reported earnings with great free cash flow which will lead to share buybacks and dividend increases. Everything is on track here.
Utilities
TOP PICK
TOP PICK
July 26, 2019
It will do well with falling interest rates. It mostly holds long-term contracts in renewable energy, so there's no pricing risk (but Ontario's renewal rates will probably be at lower prices). Ranks in the top 3% of his valuation metrics. Has good price momentum. High ROE. They carry a lot of debt, like all utilities, but NPI has stable earnings. Trades at 10x EV to EBITDA, cheaper than most utilities. Yield of 4.7% based on a good 80% payout. They have some good projects on the go. Expect growth. (Analysts’ price target is $27.80)
It will do well with falling interest rates. It mostly holds long-term contracts in renewable energy, so there's no pricing risk (but Ontario's renewal rates will probably be at lower prices). Ranks in the top 3% of his valuation metrics. Has good price momentum. High ROE. They carry a lot of debt, like all utilities, but NPI has stable earnings. Trades at 10x EV to EBITDA, cheaper than most utilities. Yield of 4.7% based on a good 80% payout. They have some good projects on the go. Expect growth. (Analysts’ price target is $27.80)
Utilities
HOLD
HOLD
July 10, 2019
You can keep holding it. All utilities have done quite well. If it is a big overall position you may want to trim it.
You can keep holding it. All utilities have done quite well. If it is a big overall position you may want to trim it.
Utilities
COMMENT
COMMENT
July 5, 2019
Tends to stick to the pure plays. This is one that has some natural gas within their portfolio. Mid-side on the dividend at 4.65% with the potential for some upside as they do continue to grow.
Tends to stick to the pure plays. This is one that has some natural gas within their portfolio. Mid-side on the dividend at 4.65% with the potential for some upside as they do continue to grow.
Utilities
BUY
BUY
July 4, 2019
Wind in the North Sea. They started in Canada. They decided two years ago whether to put themselves up for sale and it did not go through. It has stable cash flows and there is potential for a rising dividend. Debt goes up when projects are build and then when completed, cash flow goes up and debt goes down. He sees good prospects for it going forward.
Wind in the North Sea. They started in Canada. They decided two years ago whether to put themselves up for sale and it did not go through. It has stable cash flows and there is potential for a rising dividend. Debt goes up when projects are build and then when completed, cash flow goes up and debt goes down. He sees good prospects for it going forward.
Utilities
Comments
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