Northland Power (TSE:NPI) Issues Earnings Results

Northland Power (TSE:NPI) announced its quarterly earnings results on Friday. The solar energy provider reported C$0.71 earnings per share (EPS) for the quarter, FiscalAI reports. Northland Power had a negative return on equity of 3.46% and a negative net margin of 5.48%. The business had revenue of C$567.58 million during the quarter.

Here are the key takeaways from Northland Power’s conference call:

• Q3 adjusted EBITDA rose 9% to CAD 280 million, supported by initial contributions from Hai Long and Baltic Power and higher natural-gas revenue. Northland reaffirmed 2026 guidance of CAD 1.45–1.65 billion in adjusted EBITDA and CAD 1.05–1.25 per share in free cash flow.
• Free cash flow fell to CAD 0.06 per share from CAD 0.17 a year earlier, mainly reflecting lower European offshore wind generation. Management said new offshore projects are still ramping toward expected reliability; the Gemini cable outage was repaired, with an immaterial full-year impact expected after insurance proceeds.
• Northland said it has line of sight to at least 90% of its 1.4–1.8 GW 2030 growth target, including 300 MW under construction and 900 MW at mid-stage development. Jurassic BESS reached commercial operations ahead of schedule and under budget, while Baltic Power and Hai Long advanced toward full operations.
• The company is pursuing growth through battery hybridization, solar repowering, and new development in Canada and Europe, while maintaining a 12% levered after-tax return threshold. It also reiterated plans for CAD 300 million of capital-recycling proceeds and CAD 50 million in annual savings by the end of 2028, with savings expected to begin contributing in 2027.

Northland Power Price Performance

Shares of Northland Power stock traded up C$1.29 on Friday, hitting C$23.86. 2,025,944 shares of the company traded hands, compared to its average volume of 1,003,487. Northland Power has a 12-month low of C$15.96 and a 12-month high of C$24.36. The company has a current ratio of 1.04, a quick ratio of 1.23 and a debt-to-equity ratio of 164.38. The company has a market cap of C$6.24 billion, a P/E ratio of -42.61, a P/E/G ratio of 0.71 and a beta of 0.38. The firm’s 50-day simple moving average is C$22.06 and its 200 day simple moving average is C$21.98.

Northland Power Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.72 annualized dividend and a yield of 3.0%. Northland Power’s dividend payout ratio (DPR) is currently -164.29%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NPI shares. TD raised shares of Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 target price on the stock in a research report on Friday, August 14th. TD Securities raised shares of Northland Power from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th. ATB Cormark Capital Markets raised their target price on Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Desjardins reduced their target price on Northland Power from C$23.00 to C$22.00 and set a “hold” rating for the company in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$24.90.

Northland Power Company Profile

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.