Topic: How To Invest

Hi Pat: I own a large number of Northland Power shares. I am interested in your opinion. Regards.

Article Excerpt

A: Northland Power Inc., $24.20, symbol NPI on Toronto (Shares outstanding: 172.0 million; Market cap: $4.2 billion; www.northlandpower.ca), develops, builds, owns and operates natural gas-fired power plants, wind farms, solar projects and hydroelectric facilities. The company switched its registration from an income trust to a corporation on January 1, 2011. Northland owns or has stakes in 1,394 megawatts of generating capacity, with an additional 642 megawatts under construction. In May 2014, the company purchased a 60% stake in Project Gemini—a $4.1 billion wind farm in the North Sea, off the coast of the Netherlands. That development should generate 600 megawatts (Northland’s share is 360 megawatts) when it starts up in mid-2017. Gemini has a 15-year deal to sell its power to the Dutch government. That cuts the investment’s risk. As well, Northland owns 85% of the Nordsee wind project. It’s also in the North Sea and 40 kilometres off the German coast. RWE AG, a leading utility company, owns the remaining 15%. This project’s first phase,…