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Investor Insights

This summary was created by AI, based on 32 opinions in the last 12 months.

Northland Power Inc (NPI-T) has faced challenges in the past 12-18 months, including cost overruns, rising interest rates, and geopolitical tensions in Taiwan. However, the company is well-positioned in the wind power sector, with big projects coming online. Some experts believe it is a good opportunity to buy at current levels, while others are cautious due to the company's leverage level. Overall, experts are divided on the stock's potential, citing issues with debt, interest rates, and project execution.

Consensus
Mixed
Valuation
Fair Value
WATCH
Northland Power Inc

Sector got overvalued, plus interest rates didn't help. Supply shocks caused costs to rise significantly. Leader in offshore wind. Financial commitments seem to be in place. CEO and CFO are out, not sure what's going on. Cash was tight for a while, sold assets to help and to maintain dividend.

Three big projects will significantly increase results, once complete. Probably in holding pattern for a couple of years.

Utilities
TOP PICK
Northland Power Inc

There was a big announcement that Brookfield renewables had a deal with Microsoft to provide a large amount of power and Northland Power, unlike others in the sector, did not see a big rebound. It has some construction risks with three projects under development. However they are all on time and on budget. As they get built the stock should go up.

Utilities
DON'T BUY
Northland Power Inc

A number of power companies have been hammered. Better opportunities in telcos and banks, which have also been hit. Those sectors have more stable growth prospects and better secular earnings growth, less dependent on things outside their control.

Utilities
BUY ON WEAKNESS
Northland Power Inc

They'll have a new CEO. It's disappointed for the last 12-18 months, but it's positioned well in wind power and it's bottoming now. He's been gradually adding to this. Investors are awaiting the new CEO and the company's direction. Is concern over their Taiwan operation given geopoilitcal tensions.

Utilities
BUY
Northland Power Inc

Utilities suffered through 2022 because of high debt and high interest rates. Big projects coming online, would help the stock if those can get done on time. Ran up on expectations of renewables taking over fossil fuels, but these things take a long time to work out. Plus, heavily weighted to debt, same as all utilities. 

One of the major players in clean energy. Stock will move sideways for a while until clarity about interest rates. Good opportunity to buy. Utilities can be defensive in a slowing economy. Nice yield of 5.1%.

Utilities
TOP PICK
Northland Power Inc

Tough year 2023. Renewables sentiment turned, interest rates rose, turbine manufacturing problems. Pretty confident they can execute projects well. Long term, renewables aren't going off the map. At these levels, lots of optionality. The riskiest of his 3 Top Picks. He owns a lot and is buying more. Yield is 4.91%.

(Analysts’ price target is $31.09)
Utilities
PARTIAL BUY
Northland Power Inc
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

Unlike other some other utilities names, NPI’s leverage level is a bit better: currently, the net debt/EBITDA is around 5.0x (high but okay with industry averages). Shares have been weak due to a decline in revenue and profitability, which was magnified by a higher interest rates. If revenue recovers, we think NPI could experience decent upside potential. Regardless, lower interest rates should help the shares anyway. Overall, NPI has a cheap valuation (EV/EBITDA is the lowest in years), and has a decent dividend well-covered by cash flow. Analysts do expect a very big earnings recovery this year, and if the company can execute on this the shares will follow. It is not our favourite but does look better after its 31% decline over the past year. 
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Utilities
DON'T BUY
Northland Power Inc

They offer a lot of foreign exposure compared to their peers. The valuation has come off a lot in the past year. But he prefers other peers like Altagas. NPI has some issues to work through.

Utilities
HOLD
Northland Power Inc

Sold it a while ago, but likes it and its managers especially. Is sensitive to interest rates. He will look at this, the utilities and REITs as interest rates fall. Headwinds that arose in late 2022 have passed. He sold it on concerns of a gap in their development pipeline. He'll look at this again, starting with its debt. Tight management that he expects will do well. Hold on, if you already own.

Utilities
BUY
Northland Power Inc

Renewables have been hit hard the past 6-12 months. Not unique to this stock. Has been buying shares in this company around $25 per share. Share price a good time to buy given weakness. 

Utilities
PAST TOP PICK
Northland Power Inc
(A Top Pick Dec 06/22, Down 37%)

NPI has great fundamentals and projects, but has disappointed. Interest rates weighed on these stocks, but there were concerns of developing wind projects off Taiwan given threats from China. These projects take a long time and money to build, so it's for the long haul. Should do better in 2024 as rates will decline. Will hold on.

Utilities
DON'T BUY
Northland Power Inc

Caught up in rising rates for labour and materials. Contract prices set years in advance of a project's start date turn out to be insufficient to cover project costs. Her play is BEP.UN, more diversified and more global.

Utilities
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Northland Power Inc
(A Top Pick Sep 05/23, Down 16.8%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with NPI has triggered its stop at $21.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment loss of 17%, when combined with our previous recommendations.  

Utilities
DON'T BUY
Northland Power Inc

Past 12 months has been tough on shareholders. Cost overruns and rising interest rates hard on bottom line. Not executing on business plan. Better options available for investors in the markets. 

Utilities
DON'T BUY
Northland Power Inc

There had been a "green premium" because there was short supply of renewable investments. Higher rates hit valuations and profit from operations. Steer clear. Try BEP.UN instead, with more asset diversification, FTS, or BIP.UN.

Utilities
Showing 1 to 15 of 262 entries

Northland Power Inc(NPI-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 13

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 9

Total Signals / Votes : 26

Stockchase rating for Northland Power Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Northland Power Inc(NPI-T) Frequently Asked Questions

What is Northland Power Inc stock symbol?

Northland Power Inc is a Canadian stock, trading under the symbol NPI-T on the Toronto Stock Exchange (NPI-CT). It is usually referred to as TSX:NPI or NPI-T

Is Northland Power Inc a buy or a sell?

In the last year, 26 stock analysts published opinions about NPI-T. 13 analysts recommended to BUY the stock. 9 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Northland Power Inc.

Is Northland Power Inc a good investment or a top pick?

Northland Power Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Northland Power Inc.

Why is Northland Power Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Northland Power Inc worth watching?

26 stock analysts on Stockchase covered Northland Power Inc In the last year. It is a trending stock that is worth watching.

What is Northland Power Inc stock price?

On 2024-06-13, Northland Power Inc (NPI-T) stock closed at a price of $24.27.