logo-loader
viewSprott Power

Sprott Power "well positioned" to deliver growth, NCP says

financial_speadsheet_350_50b4cc9ed3e57.jpg

NCP Northland Capital Partners issued a research note on Sprott Power (TSE:SPZ), keeping its "Sector Outperform" and $1.45 target price on the developer, owner and operator of renewable energy projects.

"Through its development pipeline and proven ability to efficiently execute and integrate acquisition targets, we believe SPZ is well-positioned to deliver growth and sustainable cash flow to shareholders over the long term," Northland analyst Tania Maciver said in a note.

"We believe the market is over-discounting SPZ’s cash flow streams and development potential. Management continues to seek accretive acquisitions with a goal of operating a 500MW portfolio by 2015, which will require some acquisition growth."

Sprott Power recently announced that it closed the acquisition of Shear Wind. This milestone also established an agreement between the company and Genera Avante for the operation of Shear's assets and the future development of its project pipeline. 

The company also increased its quarterly dividend to 1.625 cents per share from 1.325 Canadian cents, an increse of 23 per cent.

"The dividend increase is reflective of SPZ’s confidence in its future cash flows and the accretive earnings it expects to generate from SWX’s operating assets," the NCP analyst wrote.

Quick facts: Sprott Power

Price: - -

TSX:SPZ
Market: TSX
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

GlobeX Data increases footprint in the Bahamas by signing an agreement with...

GlobeX Data (OTCQB: SWISF)(CSE: SWIS) CEO Alain Ghiai joined Steve Darling from Proactive Vancouver with news the company has signed another agreement with a company in the Bahamas. Ghiai talks about Prime Technology and what they will be doing. Ghiai also told Proactive how excited the...

4 hours, 9 minutes ago

2 min read