Northland Power Inc
NPI: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 48.00 | Ntyq | Ncwwwhpjbh |
Northland Power: No Surprises at Investor Day
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.