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5i Report
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B
Review of Northland Power Inc.
MAR 12, 2024 - NPI holds a significant position in the production of renewable energy and utilities. The company’s business model generates high and consistent cash flows through contracted revenues and pays out a high percentage of these through dividends. We think that NPI should continue to perform with the industry, while the realization of the benefits of growth projects is a few years away. We expect some degree of pressure to be put on the company financially as it has to balance its high debt load with status as a high dividend payer. We are maintaining our rating of a ‘B’ for NPI due to the offsetting factors of industry tailwinds and likely increased expenses.
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Q: Please provide your opinion on NPI, and if positive what is a good entry point? Will Trump derail any of their projects?
Q: Hello, I have held Northland for 20 years, gradually building a full position, but it is now coming back to my average cost. I understand renewables are not trendy these days, so should I 1) hold on to it, 2) add to it (no longer a full position now) or 3) let it go. FYI, I also have BEPC in renewables and EMA and FTS as utilities as well. It is part of a dividend portfolio and the div is good…Thanks!
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Q: Hello Team,
I currently do not have any pure dividend stocks and I'm looking at purchasing one to start. I did a bit of research and came up with the above list, are you able to rank them in order plus add your 2 favorites into the list (if they are not already included). Looking at a minimum of a 6% yield with the possibility of say a 30% return over the next 3-5 years. (setting my goals high). Thanks!
I currently do not have any pure dividend stocks and I'm looking at purchasing one to start. I did a bit of research and came up with the above list, are you able to rank them in order plus add your 2 favorites into the list (if they are not already included). Looking at a minimum of a 6% yield with the possibility of say a 30% return over the next 3-5 years. (setting my goals high). Thanks!
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