Exit Case: Northland Power Inc. (TSX: NPI)

Overview: Northland Power Inc. (TSX: NPI) develops, constructs, operates, and maintains infrastructure assets across a variety of clean energy technologies, including offshore and onshore wind, solar, and regulated utility power supply. Offshore wind is anticipated to remain the company’s largest segment over the long term. Northland’s growth prospects are global, spanning North America, Europe, Latin America, and Asia. NPI has been a part of the 'Momentum Model Portfolio' since September 16, 2025. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the closing price of CAD 24.86 as on October 10, 2025.

NPI Daily Chart

New Entry Case: Nouveau Monde Graphite Inc. (TSX: NOU)

Overview: Nouveau Monde Graphite Inc. (TSX: NOU) is a mineral exploration company focused on the acquisition, exploration, and evaluation of mining properties, with all operations conducted in Quebec, Canada. Its key asset is the Matawinie mining project. The company’s graphite products serve applications across the metallurgy, energy, and engineering materials sectors.

Technical Analysis: On the weekly chart, NOU is firmly holding above a horizontal trendline support, suggesting potential for further near-term upside. The 14-period Relative Strength Index (RSI) stands at 78.95, indicating strong bullish momentum and sustained buying interest. Supporting this positive outlook, the stock remains well above its 21-period Simple Moving Average (SMA), highlighting the strength and resilience of the ongoing uptrend.

NOU is recommended as a new entry in the 'Momentum Model Portfolio' as on October 14, 2025. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the closing price of CAD 4.67 as on October 10, 2025.

NOU Weekly Chart

Support and Resistance Summary (As on October 10, 2025)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of October 10, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.