Is it time to load build a position in NPI?

Seeing the stock trading down nearly 14% since the beginning of the year, it seems that it might be a good time to buy for the long term.

The price dropped, as I understand it, due to investors not agreeing with the move in Spain to land (rather than water) wind turbines. That coupled with a focus shifting away from clean energy (I think). I don’t know if there are any long-term red flags with this company…but would love some more insight.

Let me know what you think.

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Asked on May 7, 2021 9:35 am

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Hi Jordan,

No red flags on NPI - good solid renewable. The entire renewable industry is in a downtrend so I do not believe that there is anything specific in regards to NPI. Not something I would worry about.

Long-term the industry will be just fine and IMO, the current downtrend will have proven to be a buying opportunity. We are partial to BEP and AQN, but NPI is a solid company as well - one I would be comfortable owning.

The only thing with NPI - it isn't expected to grow at the same historical pace so I'd temper your expectations in relation to historical performance. That can obviously change depending on projects, acquisitions, etc - but as of now growth isn't expected to be as robust. But that isn't unique to NPI - many of them are expected to see slowing growth.

Mat

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Posted by Mathieu Litalien

Answered on May 8, 2021 8:54 am

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