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
TOP PICK
TOP PICK
February 27, 2019
A good start to the year. They have brought on 3 wind projects and one in the North Sea. They have a 20 year agreement in Taiwan. He does not expect a dividend increase this year. They are trying to finance growth internally. His largest holding. Yield 4.86% (Analysts’ price target is $26.42)
Northland Power Inc (NPI-T)
February 27, 2019
A good start to the year. They have brought on 3 wind projects and one in the North Sea. They have a 20 year agreement in Taiwan. He does not expect a dividend increase this year. They are trying to finance growth internally. His largest holding. Yield 4.86% (Analysts’ price target is $26.42)
Ryan Bushell
President, Newhaven Asset Management
Price
$24.930
Owned
Yes
TOP PICK
TOP PICK
January 16, 2019
A renewal energy company with a $4 billion market cap. A dividend payout ratio of 58%. Forecast earnings growth of 40% is expected. They have created free cash flow of $325 million. A PE of 15.5, which drops to 10.5 in 2020 and higher earnings growth. Yield 5.3%. (Analysts’ price target is $25.73)
A renewal energy company with a $4 billion market cap. A dividend payout ratio of 58%. Forecast earnings growth of 40% is expected. They have created free cash flow of $325 million. A PE of 15.5, which drops to 10.5 in 2020 and higher earnings growth. Yield 5.3%. (Analysts’ price target is $25.73)
Robert McWhirter
President, Selective Asset Management
Price
$22.820
Owned
Yes
BUY
BUY
January 16, 2019
AQN vs. NPI He likes and owns them both. They offer steady cash flow. Likes their dividends which should continue for quite a while. The downside to these and other utilities is that pension funds own them. So if there's a downturn, these will come down in price from a sell-off.
AQN vs. NPI He likes and owns them both. They offer steady cash flow. Likes their dividends which should continue for quite a while. The downside to these and other utilities is that pension funds own them. So if there's a downturn, these will come down in price from a sell-off.
Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$22.820
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 15, 2019
(A Top Pick Jan 04/18, Up 3%) They had a good 2018. Pays a solid 5% dividend and has good development projects in Taiwan and Korea. They brought on their big projects in Europe on time and on budget. They're now producing, so there's good cash flow to increase dividends and reinvest in the company. The end game could be as a tuck-in business for a larger infrastructure provider.
(A Top Pick Jan 04/18, Up 3%) They had a good 2018. Pays a solid 5% dividend and has good development projects in Taiwan and Korea. They brought on their big projects in Europe on time and on budget. They're now producing, so there's good cash flow to increase dividends and reinvest in the company. The end game could be as a tuck-in business for a larger infrastructure provider.
Ryan Bushell
President, Newhaven Asset Management
Price
$22.580
Owned
Yes
BUY
BUY
January 7, 2019
He is looking at it. The dividend is a little low. But they have some wind farms coming online in the North Sea and this should move the needle. It is a good solid company to own at this stage.
He is looking at it. The dividend is a little low. But they have some wind farms coming online in the North Sea and this should move the needle. It is a good solid company to own at this stage.
Bruce Murray
CEO & Chief Investment Officer, The Murray Wealth Group
Price
$22.260
Owned
No
BUY
BUY
December 18, 2018
They've expanded a lot into offshore wind in Europe with two farms with another in Germany, plus one in Taiwan, plus a letter of understanding in Korea. They won't increase their dividend 5% a year, but will as projects come on.
Northland Power Inc (NPI-T)
December 18, 2018
They've expanded a lot into offshore wind in Europe with two farms with another in Germany, plus one in Taiwan, plus a letter of understanding in Korea. They won't increase their dividend 5% a year, but will as projects come on.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$22.350
Owned
Yes
HOLD
HOLD
September 26, 2018

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.

Northland Power Inc (NPI-T)
September 26, 2018

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.

Ryan Bushell
President, Newhaven Asset Management
Price
$21.770
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 19, 2018

(A Top Pick June 27/17 Up 3%) Basically the return has been the dividend. He does not mind being paid to wait. They have had some good success in a couple of international ventures. It is trading at a cheaper valuation relative to its US peers. He continues to hold it. Yield 3%

Northland Power Inc (NPI-T)
September 19, 2018

(A Top Pick June 27/17 Up 3%) Basically the return has been the dividend. He does not mind being paid to wait. They have had some good success in a couple of international ventures. It is trading at a cheaper valuation relative to its US peers. He continues to hold it. Yield 3%

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$22.670
Owned
Yes
BUY
BUY
September 17, 2018

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.

Northland Power Inc (NPI-T)
September 17, 2018

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.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$22.620
Owned
Yes
BUY
BUY
September 4, 2018

Renewable energy is down these days. Before, investors wanted the yield (bonds were paying so little). But now there's more risk-on and a move towards growth stocks, not dividends. So, now is a buying opportunity in NPI and this sector. He would own this for the long term.

Northland Power Inc (NPI-T)
September 4, 2018

Renewable energy is down these days. Before, investors wanted the yield (bonds were paying so little). But now there's more risk-on and a move towards growth stocks, not dividends. So, now is a buying opportunity in NPI and this sector. He would own this for the long term.

Tim Nash
Founder, Good Investing
Price
$21.640
Owned
Unknown
WAIT
WAIT
August 28, 2018

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.

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.

Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$22.160
Owned
Unknown
BUY
BUY
May 7, 2018

Their European operations are now producing cash flows which they'll reinvest in other projects. The CEO is a big shareholder, always a good sign. It pays a good dividend yield over 5%. Revenues come outside Canada, so it's well-diversified. A solid, good long-term hold. They report earnings tomorrow.

Their European operations are now producing cash flows which they'll reinvest in other projects. The CEO is a big shareholder, always a good sign. It pays a good dividend yield over 5%. Revenues come outside Canada, so it's well-diversified. A solid, good long-term hold. They report earnings tomorrow.

Ryan Bushell
President, Newhaven Asset Management
Price
$23.500
Owned
Yes
WEAK BUY
WEAK BUY
April 4, 2018

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%.

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%.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$23.040
Owned
No
DON'T BUY
DON'T BUY
March 19, 2018

This chart is stabilizing, but if credit markets continue to deteriorate he would be cautious. If it trades below $20 watch out. Don’t let it trade another 10% lower against your position.

This chart is stabilizing, but if credit markets continue to deteriorate he would be cautious. If it trades below $20 watch out. Don’t let it trade another 10% lower against your position.

William Chin
Portfolio manager, Caldwell Investment Management
Price
$22.600
Owned
Unknown
BUY
BUY
March 12, 2018

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.

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.

Ryan Bushell
President, Newhaven Asset Management
Price
$22.390
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 7, 2018

(A Top Pick January 5/17, Down 2%) A lot of their business in offshore wind in Europe. More projects are coming on like Germany in 2020. They're now bidding on offshore wind in Taiwan with results expected in Q3. Raised their dividend last year. A good, little company. He trimmed back at higher prices, but happy to hold it. There's a lot of market bullishness on European offshore wind power, but competition is now heavy, so he doesn't epxect them to do much more bidding in Europe.

(A Top Pick January 5/17, Down 2%) A lot of their business in offshore wind in Europe. More projects are coming on like Germany in 2020. They're now bidding on offshore wind in Taiwan with results expected in Q3. Raised their dividend last year. A good, little company. He trimmed back at higher prices, but happy to hold it. There's a lot of market bullishness on European offshore wind power, but competition is now heavy, so he doesn't epxect them to do much more bidding in Europe.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$21.850
Owned
Yes