Topic: How To Invest

Hi, Pat: I have some shares in Northland Power. I have made money on them, but I am wondering if I should sell. Your opinion would be appreciated.

Article Excerpt

Northland Power Inc., $15.92, symbol NPI on Toronto (Shares outstanding: 168.2 million; Market cap: $2.7 billion; www.northlandpower.ca), develops, builds, owns and operates natural-gas-fired power plants, wind farms, solar projects and hydroelectric facilities. The company converted to a corporation from an income trust on January 1, 2011. Northland owns or has stakes in 1,345 megawatts of operating generating capacity, with an additional 1,072 megawatts (692 megawatts net to Northland) under construction. One of these developments is Project Gemini, in which Northland holds a 60% stake (purchased in May 2014). Project Gemini is a 600-megawatt (360 megawatts net to Northland) wind farm in the North Sea, off the coast of the Netherlands. As of March 31, 2015, Northland and its partners had spent $1.7 billion on this $3.8-billion project. Gemini has a 15-year deal to sell its power to the government of the Netherlands, which cuts this investment’s risk. The project should start up in 2017. As well, Northland recently acquired 85% of the Nordsee…