NORTHLAND POWER sees an upgrade to Slightly Positive due to a better fundamental star rating
The general evaluation of NORTHLAND POWER (CA), a company active in the Alternative Electricity industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 1, 2022, the closing price was CAD 41.46 and its potential was estimated at CAD 43.53.Northland Power owns or has an economic interest in 9 power projects totalling over 1,050 MW (net 815 MW). Co.'s assets comprise facilities that produce electricity from natural gas and renewable sources such as wind and biomass for sale under long-term power purchase agreements (PPAs) with customers. Co.'s plants are located in Canada, the United States and Germany. In addition, Co. has the 86 MW Spy Hill project, 260 MW North Battleford project and 100 MW Mont Louis wind farm under construction, 216 MW of wind, solar and run-of-river hydro projects awarded under the Ontario Power Authority's feed-in-tariff program in advanced stages of development and 24 MW wind farm near Frampton, Quebec.
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