Q: Now that the dust has cleared a bit after the big drop in Northland Power is there any further information regarding the drop? Do you see anything in the next couple of years that would help it to recover?
5i Research Answer:
NPI provided an update at its investor day on Nov 20, but investors didn't care much and the stock fell another 5%. It plans to double capacity by 2030 and implement a $50M cost-savings program. It is targetting a 6% compound free cash flow return by 2030. But no specific news on the dividend cut was provided and investors remain not happy here with the surprise moves.