Northland Power Inc

NPI-T

TSE:NPI

27.90
0.10 (0.36%)
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, ...
More at Wikipedia

Analysis and Opinions about NPI-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
November 25, 2019
(A Top Pick Jan 16/19, Up 27%) Still keen on it and it’s one of the top 10 dividend stocks to buy in Canada. Thinks there is good opportunity still.
Northland Power Inc (NPI-T)
November 25, 2019
(A Top Pick Jan 16/19, Up 27%) Still keen on it and it’s one of the top 10 dividend stocks to buy in Canada. Thinks there is good opportunity still.
Robert McWhirter
President, Selective Asset Management
Price
$27.880
Owned
Yes
HOLD
HOLD
November 20, 2019
In the alternative energy space and it has performed well against its peers.
Northland Power Inc (NPI-T)
November 20, 2019
In the alternative energy space and it has performed well against its peers.
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$27.410
Owned
Unknown
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.
Northland Power Inc (NPI-T)
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.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$26.560
Owned
Yes
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)
Tim Nash
Founder, Good Investing
Price
$25.700
Owned
Yes
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.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$25.810
Owned
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)
Varun Anand
Portfolio Manager, Starlight Capital
Price
$0.000
Owned
Yes
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.

James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$25.790
Owned
Yes
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.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$26.060
Owned
No
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.
Michael Decter
President & CEO, Lawrence Decter Investment Counsel
Price
$25.480
Owned
Yes
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%
Northland Power Inc (NPI-T)
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%
John Kim
Portfolio Manager, Aston Hill Financial
Price
$25.430
Owned
Unknown
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.

Northland Power Inc (NPI-T)
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.

Ryan Bushell
President, Newhaven Asset Management
Price
$24.840
Owned
Yes
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.

Northland Power Inc (NPI-T)
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.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$24.130
Owned
No
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.
John Kim
Portfolio Manager, Aston Hill Financial
Price
$25.620
Owned
Yes
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)
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$25.630
Owned
Yes
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.
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$25.930
Owned
No
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.
Tim Nash
Founder, Good Investing
Price
$26.080
Owned
No
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.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$25.980
Owned
Yes
TOP PICK
TOP PICK
June 21, 2019
They have a big catalyst coming up at the end of the year with the big Deutsche Bucht offshore wind project in the North Sea which will bump up their free cash flow by a third. With this they can raise their dividend (nearly 5% now) or buy back shares. You should get low-teens returns in the next few years. He expects the payout ratio to fall below 60% in 2020. (Analysts’ price target is $27.17)
They have a big catalyst coming up at the end of the year with the big Deutsche Bucht offshore wind project in the North Sea which will bump up their free cash flow by a third. With this they can raise their dividend (nearly 5% now) or buy back shares. You should get low-teens returns in the next few years. He expects the payout ratio to fall below 60% in 2020. (Analysts’ price target is $27.17)
John Kim
Portfolio Manager, Aston Hill Financial
Price
$25.340
Owned
Yes
COMMENT
COMMENT
June 21, 2019
In construction mode in Mexico, Europe, and overseas. You want to own it when it's in growth mode. Only problem is not raising the dividend much, as they're growing. He owns NEE instead.
In construction mode in Mexico, Europe, and overseas. You want to own it when it's in growth mode. Only problem is not raising the dividend much, as they're growing. He owns NEE instead.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$25.340
Owned
No
BUY
BUY
May 31, 2019
This is a utility with a good dividend. This is a good quality company.
This is a utility with a good dividend. This is a good quality company.
David Cockfield
Managing Director, Northland Wealth Management
Price
$24.960
Owned
Unknown
BUY
BUY
May 16, 2019
He really likes them. It has a really nice dividend. They own some natural gas so it is like co-generation. If you want 100% renewables, then this would not fit the bill. But if you want companies going in the right direction, then this is one of them. They are developing new technologies. At the end of the day they will own assets in wind generation in the north sea. They are well positioned in the sector.
He really likes them. It has a really nice dividend. They own some natural gas so it is like co-generation. If you want 100% renewables, then this would not fit the bill. But if you want companies going in the right direction, then this is one of them. They are developing new technologies. At the end of the day they will own assets in wind generation in the north sea. They are well positioned in the sector.
Tim Nash
Founder, Good Investing
Price
$25.060
Owned
Unknown
COMMENT
COMMENT
May 15, 2019

AQN vs NPI Both companies have similar yields -- around 4.9%. He owns both. AQN-T is more US focused. NPI-T is more international. The dividend with AQN-T is paid in US dollars.

AQN vs NPI Both companies have similar yields -- around 4.9%. He owns both. AQN-T is more US focused. NPI-T is more international. The dividend with AQN-T is paid in US dollars.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$25.010
Owned
Yes
HOLD
HOLD
May 10, 2019
Valuation is pretty reasonable. It trades 10.5 times EBITA. Payout ratio of 80%. He will continue to hold it. Yield 5%
Valuation is pretty reasonable. It trades 10.5 times EBITA. Payout ratio of 80%. He will continue to hold it. Yield 5%
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$24.210
Owned
Yes
DON'T BUY
DON'T BUY
May 6, 2019
It has been good over the last year. He is not in this sector. His only caveat is the debt on the balance sheet. There is nothing else wrong with it.
It has been good over the last year. He is not in this sector. His only caveat is the debt on the balance sheet. There is nothing else wrong with it.
Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$23.830
Owned
No
STRONG BUY
STRONG BUY
April 30, 2019
The CEO did a stock disposition recently. One of his largest holdings. A leader in off-shore wind energy. Their issue has always been attracting capital. They need to partner or be owned by a pension fund, which they almost did a few years ago. It's odd the CEO founder sold his shares recently as opposed to a few years ago when the stock price was nearly the same. That sale has created an overhang, though. It's been in the $25 range in the past 3-4 years while NPI has de-risked and built up several projects. The future looks good, so what's next for them? Maybe raise the dividend; they haven't done that, because they've been hoarding capital to build projects. He's adding to it as it pays over a 5% yield, and he predicts the stock will rise.
The CEO did a stock disposition recently. One of his largest holdings. A leader in off-shore wind energy. Their issue has always been attracting capital. They need to partner or be owned by a pension fund, which they almost did a few years ago. It's odd the CEO founder sold his shares recently as opposed to a few years ago when the stock price was nearly the same. That sale has created an overhang, though. It's been in the $25 range in the past 3-4 years while NPI has de-risked and built up several projects. The future looks good, so what's next for them? Maybe raise the dividend; they haven't done that, because they've been hoarding capital to build projects. He's adding to it as it pays over a 5% yield, and he predicts the stock will rise.
Ryan Bushell
President, Newhaven Asset Management
Price
$23.820
Owned
Yes
WEAK BUY
WEAK BUY
April 15, 2019
He owns more of AQN. The companies in this space are pricey, because investors are moving away from fossil fuels and buying these renewables. Yes, these stocks can get pricey, so don't buy at the top and buy more than one like AQN or BLX, which are better than NPI.
He owns more of AQN. The companies in this space are pricey, because investors are moving away from fossil fuels and buying these renewables. Yes, these stocks can get pricey, so don't buy at the top and buy more than one like AQN or BLX, which are better than NPI.
Michael Decter
President & CEO, Lawrence Decter Investment Counsel
Price
$23.790
Owned
Yes
COMMENT
COMMENT
April 10, 2019
NPI vs. AQN NPI is fine, but she prefers AQN. Nothing wrong with NPI. NPI's recently pullback was due to the CEO dumping a lot of stock on the market, which was a buying opportunity/entry point. AQN has a regulated side in renewable side, pays a good dividend and can growth outside Canada.
NPI vs. AQN NPI is fine, but she prefers AQN. Nothing wrong with NPI. NPI's recently pullback was due to the CEO dumping a lot of stock on the market, which was a buying opportunity/entry point. AQN has a regulated side in renewable side, pays a good dividend and can growth outside Canada.
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$23.930
Owned
No
WEAK BUY
WEAK BUY
March 27, 2019
Has watched it. Owns the competitors in the space. Overhang on the stock. Good dividend, good assets. Well managed. Likes the sector. Not a bad investment at this point if you want to get into the space.
Has watched it. Owns the competitors in the space. Overhang on the stock. Good dividend, good assets. Well managed. Likes the sector. Not a bad investment at this point if you want to get into the space.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$24.130
Owned
No
COMMENT
COMMENT
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.
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.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$23.360
Owned
Unknown
BUY
BUY
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)
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)
Tim Nash
Founder, Good Investing
Price
$25.740
Owned
Unknown
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