Northland Power: On The Cusp Of A Major Profitability Step-Up

  • Northland Power appears undervalued, with major projects ahead of schedule and under budget, setting up a significant EBITDA and free cash flow boost. Recent milestones, like the Oneida battery storage commissioning and progress on Hai Long and Baltic Power, de-risk the growth pipeline and validate operational excellence. Shares trade at a discount despite robust growth prospects, a ~5% yield, and a strong development pipeline offering substantial future optionality.