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.

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.

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.

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%. 

PKI-T vs. NPI-T.  PKI-T has come up from a nice level.  He was positive on the stock there and continues to be.  It is a little rich now but has been a good dividend payer.  NPI-T has not done as well recently.  It could be interest rates.  They are showing good growth and great cash flow.  They have great wind farms coming on and it is just a case of whether it is Taiwan or further things in Europe.  They need a partner to keep their cost of capital down.

Has a fair amount of growth coming, but utilities will get hurt as interest rates rise. NPI was on sale, but didn't get sold, so there was a sell-off right after that. Over three years, it's a solid hold and you will be fine with it. But don't own it for just a year.

For a TFSA? This builds and produces green energy globally. It pays a 4% yield, which is very attractive. However, the keyword is "Power". It is part of the utility group even though it's a little different, and is going to get painted with that brush. You have to remember that 80% of return is buying in the right neighbourhood. If your view is that interest rates are going to stay relatively low and bonds are going to be benign, this would be great. However the signs are pointing to higher rates, a little higher inflation, and you want something with a little more dividend growth as you go along. He would suggest a bank or one of the big, mature software companies. (See Top Picks.)

This has done very, very well building offshore windfarms, particularly in Europe. As these things come on, the dividend should come on. There is a rumour that it is possibly going to be up for sale at some point. Dividend yield of about 5%.