Head-To-Head Analysis: Northland Power (OTCMKTS:NPIFF) & ReNew Energy Global (NASDAQ:RNW)
by Kim Johansen · The Markets DailyReNew Energy Global (NASDAQ:RNW – Get Free Report) and Northland Power (OTCMKTS:NPIFF – Get Free Report) are both mid-cap utilities companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, analyst recommendations, valuation, profitability, earnings, dividends and risk.
Analyst Ratings
This is a breakdown of recent recommendations and price targets for ReNew Energy Global and Northland Power, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| ReNew Energy Global | 0 | 4 | 0 | 0 | 2.00 |
| Northland Power | 0 | 3 | 4 | 0 | 2.57 |
ReNew Energy Global currently has a consensus target price of $6.39, indicating a potential downside of 6.51%. Given ReNew Energy Global’s higher possible upside, research analysts plainly believe ReNew Energy Global is more favorable than Northland Power.
Earnings and Valuation
This table compares ReNew Energy Global and Northland Power”s top-line revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| ReNew Energy Global | $137.78 billion | 0.02 | $105.00 million | $0.32 | 21.36 |
| Northland Power | $1.74 billion | 2.34 | -$116.84 million | ($0.41) | -38.02 |
ReNew Energy Global has higher revenue and earnings than Northland Power. Northland Power is trading at a lower price-to-earnings ratio than ReNew Energy Global, indicating that it is currently the more affordable of the two stocks.
Profitability
This table compares ReNew Energy Global and Northland Power’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| ReNew Energy Global | 7.24% | 7.71% | 1.07% |
| Northland Power | -5.60% | 10.37% | 3.30% |
Insider & Institutional Ownership
43.6% of ReNew Energy Global shares are owned by institutional investors. 8.6% of ReNew Energy Global shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Volatility & Risk
ReNew Energy Global has a beta of 1.14, indicating that its share price is 14% more volatile than the S&P 500. Comparatively, Northland Power has a beta of 0.14, indicating that its share price is 86% less volatile than the S&P 500.
Summary
ReNew Energy Global beats Northland Power on 9 of the 14 factors compared between the two stocks.
About ReNew Energy Global
ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers. The company provides engineering, procurement, and construction services; operation and maintenance services; consultancy services; and sells renewable energy certificates. ReNew Energy Global Plc was founded in 2011 and is based in London, the United Kingdom.
About Northland Power
Northland Power Inc., an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements. It owned or had an economic interest 3.4 gigawatts of operating generating capacity. The company was founded in 1987 and is headquartered in Toronto, Canada.