Northland Power (TSE:NPI) Announces Earnings Results

Northland Power (TSE:NPI) announced its earnings results on Friday. The solar energy provider reported C$0.71 EPS for the quarter, FiscalAI reports. Northland Power had a negative net margin of 5.48% and a negative return on equity of 3.46%. 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 TSE NPI traded up C$1.50 during midday trading on Friday, hitting C$24.07. The company had a trading volume of 1,203,314 shares, compared to its average volume of 999,564. The company has a quick ratio of 1.23, a current ratio of 1.04 and a debt-to-equity ratio of 164.38. Northland Power has a twelve month low of C$15.96 and a twelve month high of C$24.36. The business has a 50-day simple moving average of C$21.99 and a two-hundred day simple moving average of C$21.95. The firm has a market capitalization of C$6.29 billion, a price-to-earnings ratio of -42.98, a price-to-earnings-growth ratio of 0.71 and a beta of 0.38.

Northland Power Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 16th will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, October 30th. Northland Power’s dividend payout ratio (DPR) is currently -164.29%.

Analysts Set New Price Targets

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

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.