Tue, Jul. 12, 4:43 PM
- Northland Power (OTCPK:NPIFF) surged to a record high in Toronto trading today before closing at C$24.22 after the Canadian renewable energy producer said it had hired bankers to launch a strategic review.
- Northland says the strategic review, led by CIBC and JPMorgan Chase, will focus on enhancing growth, shareholder value and the ability to capitalize on opportunities in clean energy infrastructure.
- The strategic review may lead to a sale of the company, potentially offering a premium for shareholders, says RBC analyst Nelson Ng, who has a C$21 target price on the stock.
Thu, May 12, 4:07 AM
Thu, Feb. 25, 8:08 AM
Northland Power develops, builds, owns and operates clean and green power generation projects, mainly in the provinces of Ontario, Quebec and Saskatchewan. Our facilities generate over 1,300MW of electricity. Weve been in business since 1987. Our units and shares have been publicly traded since... More
Industry: Water Utilities
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