Northland Power Inc
NPI.TO (TSX)
Northland Power Inc. stands out as a leader in renewable energy, specializing in wind, solar, and offshore projects, and is included in the Solactive Canada Utilities Index. With a solid dividend yield of 5.84% and a consensus rating of Moderate Buy, it has garnered multiple "Outperform" ratings from National Bank Financial Inc. Despite a challenging five-year return of -59.80%, the stock shows potential for recovery, having achieved a one-year return of 10.24%.
Pros:
- High dividend yield
- Positioned in renewable energy sector
Cons:
- Negative 5-year return
- Market volatility risk
Northland Power Inc (NPI.TO) may be suitable for investors seeking exposure to renewable energy with a focus on dividend income, given its attractive yield of 5.84%. However, potential investors should be cautious of its historical volatility, particularly the significant five-year decline, and consider their risk tolerance before investing.