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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (130764)12/5/2022 2:59:36 PM
From: Goose94Read Replies (1) of 202705
 
Northland Power (NPI-T) top pick from Stephen Takacsy on BNN.ca Market Call Monday December 5th @ 1200ET

One of Canada’s leading renewable power producers and a global leader in offshore wind. NPI has significant operations in Europe and will benefit from the acceleration of Europe’s transition to clean energy as part of its plan to lower its dependence on Russian gas. NPI also has significant growth projects in Taiwan, Poland and Germany. It expects to quadruple its power production in the next seven years.

The utility sector has been hammered on rising rates dragging down fast-growing renewable power producers like NPI. The stock is now trading at the low end of its historic valuation range on negative sentiment about European power price caps and retroactive repayments. However, this worry is grossly overblown as NPI has already reaffirmed guidance to reflect any new EU legislation with EBITDA growing significantly from last year. The market also wants to see NPI sell down a stake in its offshore wind project in Taiwan which would act as a positive catalyst for the stock to move higher. Great long-term investment in the transition to clean energy. NPI also pays a three per cent dividend.
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