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Northland Power: Shares Fall on CEO Transition Announcement
We maintain our CAD 29 fair value estimate for no-moat Northland Power following news of its CEO transition. We view shares as undervalued.
Northland Power Inc NPI
Bulls Say, Bears Say
Bulls
Northland is a first mover in offshore wind, which is still in its early days of adoption globally.
Bears
Northland’s existing offshore wind portfolio is relatively concentrated with shorter-term remaining contracts.
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News
-
Northland Power Announces Its First Quarter 2024 Financial Results Release Date and Provides Investor Call and Webcast Details
-
Northland Power Announces President and Chief Executive Officer Leadership Transition
-
Northland Announces Sale of La Lucha Solar Facility
-
Northland Power Reports Fourth Quarter 2023 Results and Announces 2024 Financial Outlook
-
Northland Power to Host 2024 Investor Day
-
Vestas Gets Unconditional Order for Polish Offshore Project
Trading Information
- Previous Close Price
- CAD 21.46
- Day Range
- CAD 20.63–21.30
- 52-Week Range
- CAD 19.36–34.14
- Bid/Ask
- CAD 20.35 / CAD 20.35
- Market Cap
- CAD 5.28 Bil
- Volume/Avg
- 1.2 Mil / 1.0 Mil
Key Statistics
- Price/Earnings (Normalized)
- 18.01
- Price/Sales
- 2.34
- Dividend Yield (Trailing)
- 5.81%
- Dividend Yield (Forward)
- 5.81%
- Total Yield
- 5.81%
Company Profile
Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.
- Sector
- Utilities
- Industry
- Utilities - Renewable
- Stock Style Box
- Mid Core
- Total Number of Employees
- 1,344
- Website
- https://www.northlandpower.com
Competitors
Valuation
|
Metric
|
NPI
|
RWE
|
ORSTED
|
|---|---|---|---|
Price/Earnings (Normalized) | 18.01 | 14.06 | 7.70 |
Price/Book Value | 1.30 | 0.75 | 2.83 |
Price/Sales | 2.34 | 0.83 | 2.33 |
Price/Cash Flow | 5.64 | 34.18 | 14.12 |
Price/Earnings
NPI
RWE
ORSTED
Financial Strength
|
Metric
|
NPI
|
RWE
|
ORSTED
|
|---|---|---|---|
Quick Ratio | 0.81 | 0.67 | 1.05 |
Current Ratio | 1.13 | 1.58 | 1.42 |
Interest Coverage | 0.62 | 2.96 | −3.83 |
Quick Ratio
NPI
RWE
ORSTED
Profitability
|
Metric
|
NPI
|
RWE
|
ORSTED
|
|---|---|---|---|
Return on Assets (Normalized) | 2.41% | 3.84% | −2.04% |
Return on Equity (Normalized) | 8.02% | 14.38% | −8.73% |
Return on Invested Capital (Normalized) | 4.52% | 7.64% | −2.27% |
Return on Assets
NPI
RWE
ORSTED
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