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Northland Power Earnings: Strong Offshore Wind Generation to Begin the Year
We maintain our CAD 29 fair value estimate for no-moat Northland Power following its first-quarter earnings. 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 Reports First Quarter 2024 Results
-
Northland Power releases 2023 Sustainability Report highlighting ESG achievements
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Northland Power Announces Its First Quarter 2024 Financial Results Release Date and Provides Investor Call and Webcast Details
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Northland Power Announces President and Chief Executive Officer Leadership Transition
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Northland Announces Sale of La Lucha Solar Facility
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Northland Power Reports Fourth Quarter 2023 Results and Announces 2024 Financial Outlook
-
Vestas Gets Unconditional Order for Polish Offshore Project
Trading Information
- Previous Close Price
- CAD 23.61
- Day Range
- CAD 23.64–24.15
- 52-Week Range
- CAD 19.36–30.56
- Bid/Ask
- CAD 24.00 / CAD 24.15
- Market Cap
- CAD 6.18 Bil
- Volume/Avg
- 1.0 Mil / 1.1 Mil
Key Statistics
- Price/Earnings (Normalized)
- 21.00
- Price/Sales
- 2.59
- Dividend Yield (Trailing)
- 4.98%
- Dividend Yield (Forward)
- 4.98%
- Total Yield
- 4.98%
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) | 21.00 | 23.73 | 8.93 |
Price/Book Value | 1.51 | 0.80 | 3.10 |
Price/Sales | 2.59 | 1.02 | 3.42 |
Price/Cash Flow | 6.04 | 12.52 | 15.57 |
Price/Earnings
NPI
RWE
ORSTED
Financial Strength
|
Metric
|
NPI
|
RWE
|
ORSTED
|
|---|---|---|---|
Quick Ratio | 0.81 | 0.56 | 1.02 |
Current Ratio | 1.13 | 1.56 | 1.37 |
Interest Coverage | 0.62 | 3.75 | −3.35 |
Quick Ratio
NPI
RWE
ORSTED
Profitability
|
Metric
|
NPI
|
RWE
|
ORSTED
|
|---|---|---|---|
Return on Assets (Normalized) | 2.17% | 1.36% | −2.42% |
Return on Equity (Normalized) | 7.26% | 4.64% | −10.60% |
Return on Invested Capital (Normalized) | 3.92% | 2.60% | −2.73% |
Return on Assets
NPI
RWE
ORSTED
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