Northland Power Inc

NPI: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 48.00	Pgwn	Lpbflzzx

Northland Power Earnings: Focus Shifts to Construction of Projects in Backlog

Brett Castelli ,

Feb 22, 2024

No-moat Northland Power reported 2023 results and initiated 2024 guidance broadly consistent with our modeling assumptions. We will incorporate the results and outlook into our model shortly, but after a first look, we maintain our CAD 29 fair value estimate. We still see the shares as undervalued.

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