Topic: How To Invest

Q: Hello, Pat: Could I get your comments/thoughts on Northland Power (NPI)? Thank you.

Article Excerpt

A: Northland Power Inc., $36.31, symbol NPI on Toronto (Shares outstanding: 200.6 million; Market cap: $7.4 billion; www.northlandpower.ca), develops, builds, owns, and operates natural gas-fired power plants and wind farms. Its portfolio also includes solar projects and hydroelectric facilities. The company owns, or has a stake in, 2,861 megawatts of generating capacity, with an additional 130 megawatts under construction. The company also has several projects in various stages of development in the Americas, Asia, and Europe. Northland’s largest projects include a 60% stake in Gemini, a 600-megawatt wind farm located off the coast of the Netherlands and completed in 2017; an 85% stake in Nordsee One, a 332-megawatt offshore wind farm in the North Sea and completed in 2017; and Deutsche Bucht, a 252-megawatt wind project located off the coast of Germany and starting up in 2020. Most of the company’s other facilities are smaller natural gas, wind, and solar facilities located in Canada. Thanks mainly to the addition of offshore wind developments, the…