Northland Power Inc

NPI: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 42.00	Jrt	Hpnkfrrnp

Northland Power: No Surprises at Investor Day

Brett Castelli ,

Mar 6, 2024

We maintain our CAD 29 fair value estimate for no-moat Northland Power following the company’s investor day. Northland Power, and its offshore wind peers, had a challenging 2023, but we see signs some of these pressures are abating. We view shares as undervalued.

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