Northland Power (TSE:NPI) Posts Quarterly Earnings Results

Northland Power (TSE:NPI) issued its quarterly earnings data on Thursday. The solar energy provider reported C($0.24) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$2.35 million during the quarter. Northland Power had a negative net margin of 5.52% and a negative return on equity of 3.45%.

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

• 2026 guidance reaffirmed: Northland reported Q2 adjusted EBITDA of CAD 259 million, up 6% year over year, and maintained its full-year adjusted EBITDA outlook of CAD 1.45–1.65 billion and free cash flow per share guidance of CAD 1.05–1.25.
• Major offshore wind projects advanced: Baltic Power achieved first power in July, with 61 of 76 turbines installed, while Hai Long had 71 of 73 turbines installed and 59 generating power. Both projects remain on track for commercial operations, supporting a significant future increase in EBITDA and cash flow.
• Northland secured a CAD 2.4 billion financing package for Hai Long, including approximately CAD 900 million of additional funding capacity and refinancing of about CAD 1.5 billion of higher-cost debt. Management said the project is not expected to require an equity injection.
• Battery storage growth continued, with construction beginning on the 300 MW, four-hour Kamionka and Mieczysławów projects in Poland, while Alberta’s 80 MW Jurassic BESS nears commissioning. Together with projects already under construction, these initiatives represent approximately 2.5 GW of future capacity.
• Q2 free cash flow fell 60% to CAD 23 million, or CAD 0.09 per share, largely because the prior-year period included a one-time German trade tax refund. European offshore wind production was about 11% below its long-term average during the quarter, although year-to-date generation remains in line with historical averages.

Northland Power Stock Up 2.1%

Shares of NPI traded up C$0.44 during mid-day trading on Friday, reaching C$21.28. The company’s stock had a trading volume of 509,019 shares, compared to its average volume of 978,240. Northland Power has a 12-month low of C$15.96 and a 12-month high of C$25.99. The company has a debt-to-equity ratio of 168.64, a current ratio of 1.16 and a quick ratio of 1.23. The company’s 50 day moving average is C$22.02 and its 200 day moving average is C$22.00. The stock has a market cap of C$5.56 billion, a PE ratio of -37.33, a price-to-earnings-growth ratio of 0.71 and a beta of 0.88.

Northland Power Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a dividend of $0.06 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, June 30th. Northland Power’s dividend payout ratio is presently -182.46%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. TD boosted their target price on shares of Northland Power from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. National Bank Financial lifted their price target on shares of Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. ATB Cormark Capital Markets upped their target price on Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Raymond James Financial lifted their target price on shares of Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, Scotia raised their price target on Northland Power from C$23.00 to C$25.00 and gave the company a “sector perform” rating in a research note on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$24.70.

About Northland Power

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.