BEP - Northland Power: What Will It Take To Move Its Share Price Higher?
Investment Thesis
Northland Power (NPIFF) (TSX:NPI) continued to see free cash flow growth in Q3 2018 thanks to its Nordsee project. Its DeBu project in Germany should reach commercial operation date in late 2019. However, there are no other development projects before 2024, as its Hai Long 2 project will not reach commercial operational date until 2024. The company has established several offices in different parts of the world to identify different growth opportunities. The company continues to trade at a discount to its peers. However, rising interest rates and bond yields may