Northland Power

TORONTO, April 16, 2024 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland”) (TSX: NPI) announced today it will release its 2024 first quarter operating and financial results after markets close on Wednesday, May 15, 2024. Northland's management will hold an investor conference call and webcast at 10 a.m. Eastern Time (ET) on Thursday, May 16, 2024, followed by a question and answer period with analysts. » Mehr auf globenewswire.com

The past year has been particularly challenging for the renewable energy sector, with companies like Northland Power facing hurdles such as higher interest rates, inflation, and supply chain issues. Despite these short-term challenges, there are signs of recovery, including rising energy contract prices, growth in demand for renewables, and increased corporate and government support. CEO resignation raises questions, but the company reassured investors that projects are progressing as planned, and shares are trading at historically low valuation multiples. » Mehr auf seekingalpha.com

Series 2 preferred shares of Northland Power offer a better return on investment over the next six months than common shares. The completion of three flagship projects in 2027 is expected to increase Adjusted EBITDA, but no significant growth is projected for 2024. The NPI.PR.B preferred shares have a higher dividend yield of approximately 10.51% and are a good investment option in the short term. » Mehr auf seekingalpha.com