Northland Power Inc (NPI.TO) Buy, Sell or Hold

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Northland Power Inc (NPI.TO)

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22.70

-0.15 (0.66%)

as of Jun 19, 2026, 8:00:00 pm Market Open.

378 watching

BUY ON WEAKNESS

They operate well in renewables, though the entire space has pulled back this. So, now is a good entry point. They just issued equity to buy an onshore-wind Spanish company, which diversifies NPI beyond offshore wind.

TOP PICK

It is his second largest position. They are one of the few global players and they have these off-shore wind sites, which is the big frontier in this. He thinks this is a good entry point into this company. It could be a goo take-over candidate and there should be good growth as well. (Analysts’ price target is $53.12)

BUY

Buy now after the Spanish wind farm purchase and equity raise? The market is concerned, but the market misses that the Spanish deal is a platform for growth in Spain for NPI. Spain will invest in a lot of renewable projects in the next 5-7 years. The current lack of attention for renewables now creates a buying opportunity now. NPI can double its EBITDA in the next 5 years across its diverse growth profile. Management has executed very well in the past decade. Risks: technical like offshore wind is always possible in this sector, or even noise concerns that effect the local population, but NPI has always solved these problems and delivered projects on time and on budget. All this makes him confident in their execution. Regulation risk/intervention is also possible, but a rule of law in countries like Spain allows companies to fight issues in courts.

BUY

It has done really well. They are now having a bit of a hiccup in their growth. They did equity financing for a recent acquisition. He likes the story. He would not make it a big position, however, if you already have one.

BUY ON WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They announced an acquisition and financing for the deal. The acquisition looks good, but it is not a huge deal compared to the company’s market cap. It adds more diversity and renewable assets. Attractive at current levels following the market selling off with the financing. Unlock Premium - Try 5i Free

PARTIAL SELL

Very well run. Outlook for renewable power is very strong over the next 5-10 years. NPI has opportunities to grow further. Stock's run up. Bond yields moving up tends to put pressure on utilities that have a strong dividend yield. If you've had a gain, consider taking money off the table and selling 1/3 of your position. It won't get back to last year's lows.

BUY

Great company. One of his favourite renewables. #4 in offshore wind. Growth pipeline is pretty robust for the next 5-10 years. The whole space has been under pressure, as utilities are rate sensitive, but this provides an opportunity in many names.

HOLD

Allan Tong’s Discover Picks Meanwhile, its Canadian peer, Northland Power, has risen around 18%, but has been enjoying stronger momentum lately. Read 6 Promising Green Energy Stocks for our full analysis.

BUY

Renewable energy juggernaut. Expanding into Poland, though returns won't be seen for years. He'd trust them above all to execute flawlessly in a new jurisdiction. Has faith in management. Long-term, more projects and M&A announcements.

COMMENT

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The Biden win was probably fully priced in so that accounts for the slight pullback recently. The stocks are up 50% this year. Sector rotation is also a factor and investors may be switching out for underperforming stocks. No real concern and both companies remain a buy. Unlock Premium - Try 5i Free

PAST TOP PICK

(A Top Pick Oct 24/19, Up 69%)Educational Segment. He's owned this since day one. Still likes it. It has run up a lot, so he's trimmed a bit. The business is resilient and cash flow is fine. They a had few issues with Project Gemini, but other parts of the business show strength. They continue to make in-roads with their Taiwan offshore project an closing their Colombian utility. Managers have done an excellent job building this company, but it'll take a few more years for things to materialize. ESG investing has gained a lot of steam. He'd buy more on a better entry point.

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Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK

Trudeau's announcement of a green fund will lift renewable power stocks like this one, at least indirectly. Stockchase staffers like renewables and we've recommended this one before. They pay safe, juicy dividends (2.98% for NPI and projected to rise), with revenues fuelled by locked-in, long-term contracts. NPI has beaten in its last fourth reports. Also, more investors are pouring money into ESG stocks in a trend that will continue to accelerate. Northland makes primarily wind power as well as solar and hydro in Europe, Asia and North America, so it's geographically diversified. Also, on sell-off days as we've recently seen, this green utility stocks surge. The only caveat is that NPI has run up so much this year, hitting all-time highs as you read this. You may have to be nimble, but entering on weakness is a good idea, or buying a tranche now and adding later if it declines. (An alternative pick is Northland's peer, Algonquin Power.) Note: Stockchase staff own Northland Power.

BUY

He's overexposed in Boralex, Innergex and AQN, so he doesn't own this one, but he would buy this. A good company. NPI has more overseas and offshore wind operations than its peers. Offshore wind energy is riskier given saltwater erosion. NPI's dividend should rise over time. Money is moving into renewable energy as a whole. All are expensive now, but as institutional money continues to flow in, this will become even more expensive. A great sector.

BUY

A safe dividend payer. ENB also. Likes its stable contracts and cash flows, and is a leader in renewable projects in Asia, Europe and North America so it's geographically diverse. Good. Also pays a healthy dividend around 3-4%. In the past year, renewable stocks have been a bullseye for investors as ESG gathers strength.

WATCH

He would consider it infrastructure. They have solar and wind facilities. It saw a great move, and it is on their watchlist. You must know the regulatory issues and understand the pieces. There may be too much money going into the space too fast.

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