NPIFF - Is Northland Power A Buy Or A Hold?
Investment Thesis
Northland Power (NPIFF) (TSX:NPI) operates and develops renewable power generation assets. The company’s power generation facilities are geographically diversified in three main regions: Canada, Germany and the Netherlands. It has an excellent construction track record, and has recently increased its dividend by 11%. However, investors must also be ware of the fact that Northland’s share price is inversely correlated with the treasury yield. In addition, many of its power purchase agreements do not have price escalation in its contractual price.
Source: Investor Presentation
What we like about Northland Power
Diversified Assets