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TSE:NPI

Northland Power Inc (NPI.TO)

22.70
-0.15 (0.66%)
as of Jun 19, 2026, 8:00:00 pm Market Open.
378 watching
0
HOLD
In the grand scheme of things, a good yield with a decent strategy. Keep holding, though he prefers growthier names with corresponding dividend growth. Appealing because it's more renewable than the rest. Bit more quarter to quarter earnings risk, but no so that the dividend is in danger.
PAST TOP PICK
(A Top Pick Jun 26/19, Up 53%) In the sweet spot. Friendly energy sources. Scores high on valuation, price momentum, high ROE. Balance sheet relatively levered like all its peers. If we start to see a more meaningful rotation, may come under pressure. Payout ratio of 70%, with a yield of 3.2%.
BUY
They have been executing quite well. It has had a few bumps but been steady otherwise. It is high quality and can continue to grow through some of their projects.
TOP PICK
Pays a 3.5% yield at a modest payout. Boasts 26% YOY sales growth and 44% earnings. 6.4% free cash flow yield. Earnings to grow 6% in 2020 and 4% in 2021. A large 31% ROE for 2021 is expected. (Analysts’ price target is $33.58)
PAST TOP PICK
(A Top Pick Jul 26/19, Up 33%) It benefited from a couple of themes. Green power has been a large driver that isn’t going way any time soon. It survived the March carnage well and is back to all time highs. It is in the top 2% on valuation. Decent price to earnings; 4% yield with a reasonable payout ratio.
BUY
It is a great buy right now. The yield is just over 4% and it is essentially a wind power company. They have expertise for offshore wind farms and signed contracts with Taiwan recently. They consistently come in on time and under budget on their projects. He thinks this is a great company to own.
PAST TOP PICK
(A Top Pick Feb 27/19, Up 35%) This was better than his expectations. A year ago the Founder was selling off a sizable stake in the company and the share price recovered quickly thereafter. They have a strong presence in the ESG space. A renewable power position. He would have a hard time buying more at this level.
BUY

Nice long-term breakout. A great base. It has moved into an uptrend, but it went parabolic where it was over bought. However, it has corrected and is at a very attractive price now.

PAST TOP PICK
(A Top Pick Oct 24/19, Up 19%) This is a renewable power company. Since October they had a good Q3 print. They reaffirmed guidance. They are buying back shares.
HOLD
His intrinsic value is about $34 with a 14% upside and that would take you to a technical resistance point. Renewable is one of the 'the things' and of course the stocks are doing very well. Be careful about buying into something 'hot' that has already had a good move. It could be ahead of what it can actually do in terms of earnings.
BUY

AQN-T vs. NPI-T. He prefers NPI-T. These are both good exposure to renewable utilities. NPI has a longer tenure of growth and getting projects sanctioned. It is the premium play in the renewable sector.

BUY
Green energy stock? asd
BUY
Good company. Owns it in an income seeking mandate. Leader in renewable energy, mostly in Europe. Wind and solar can compete on an unsubsidized basis with fossil fuel. Legitimate growth play. Steadily growing dividend and capital appreciation. Yield is 4.45%. (Analysts’ price target is $30.00)
BUY

How Many Stocks does he Recommend Holding in the Utility Sector. Stocks in isolation miss the point. It depends on what utilities you are buying. He has almost a 20% weighting in utilities. He has FTS-T with huge diversification, yet has NPI-T which is a power producer around the world as well as domestic, although mostly off-shore wind. He owns 4 or 5 stocks.

HOLD
They had a great year last year and had a great inflow of capital last year. He thinks the performance is set to continue this year. They are looking to expand now into other areas. He would be looking to sell at the $24 level.
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