Topic: How To Invest

Q: Pat: Can I have your recommendation on buying shares of Northland Power? Thank you.

Article Excerpt

A: Northland Power Inc., $23.30, symbol NPI on Toronto (Shares outstanding: 171.2 million; Market cap: $4.0 billion; www.northlandpower.ca), develops, builds, owns and operates natural gas-fired power plants, wind farms, solar projects and hydroelectric facilities. Northland owns, or has a stake in, 1,754 megawatts of generating capacity, with an additional 584 megawatts under construction. The company owns a 60% stake in Project Gemini, a 600-megawatt wind farm (Northland’s share is 360 megawatts) located off the coast of the Netherlands. Gemini reached completion in April 2017. It has a 15-year deal to sell its power to the Dutch government. As well, Gemini owns 85% of Nordsee One, a 332-megawatt offshore wind farm (Northland’s share is 282 megawatts) also located in the North Sea. Nordsee One has a 10-year deal to sell its power in Germany under controlled rates. In August 2017, Northland acquired 100% interest in the Deutsche Bucht, a 252-megawatt wind project located off the coast of Germany in the North Sea. Northland expects the…