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.
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%.
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)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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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.
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.
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.
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.
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.
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.
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.
Fairly interesting. Two acquisitions caused leverage to go up, but plans to sell an asset. Will expand over the years. Trades just over book value. Payout ratio around 65% of cashflow. Yield is around 5.5%.
Renewable space facing headwinds from interest rates and project costs. Some new agreements are inflation-indexed. A long-term, attractive sector. She's chosen BEP.UN, as it's more diversified, larger cap, global scale.
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
In the last year, 28 stock analysts published opinions about NPI-T. 16 analysts recommended to BUY the stock. 8 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Northland Power Inc.
Northland Power Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Northland Power Inc.
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.
28 stock analysts on Stockchase covered Northland Power Inc In the last year. It is a trending stock that is worth watching.
On 2024-04-25, Northland Power Inc (NPI-T) stock closed at a price of $20.67.
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.