Northland Power Inc
NPI: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.Ds@$& | LOCK|SX | LOCK|BNP&wf |
Northland Power Earnings: Offshore Wind Projects Derisked With Financial Close Milestone
We've lowered our fair value estimate for no-moat Northland Power to CAD 29 per share from CAD 31 following third-quarter results. The primary driver of our lower valuation is a slight reduction in our long-term development expectations. We still see the shares as undervalued.
