Northland Power stock analysis
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Northland Power (NPI) Stock Price & Analysis
NPI Stock Chart & Stats
- Day’s Range
- CAD 22.76 - CAD 22.99
- 52-Week Range
- CAD 15.96 - CAD 25.42
- Previous Close
- CAD 22.64
- Volume
- N/A
- Average Volume (3M)
- 1.03M
- Market Cap
- CAD 5.96B
- Enterprise Value
- CAD 12.42B
- Total Cash (Recent Filing)
- CAD 645.90M
- Total Debt (Recent Filing)
- CAD 6.83B
- Price to Earnings (P/E)
- ―
- Beta
- 0.52
- Next Earnings
- Nov 12, 2026 (Est.)
- EPS Estimate
- 0.11
- Last Dividend Ex-Date
- Oct 30, 2026
- Dividend Yield
- 3.34%
Bulls Say, Bears Say
Bulls Say
Contracted Growth Pipeline
Northland is expanding its contracted generation base through a sizeable construction pipeline. Baltic Power and Hai Long are nearing completion, while BESS projects add storage exposure, supporting future EBITDA and cash-flow growth.
Strong Cash Generation
Substantial operating and free cash flow demonstrates that Northland’s owned assets can generate meaningful cash despite accounting losses. This supports project investment, debt service and financial flexibility across the operating portfolio.
Execution And Liquidity
Reaffirmed guidance, strong construction milestones and ample liquidity indicate effective project execution and financing access. These capabilities improve Northland’s ability to complete major assets and convert its development pipeline into long-term cash flows.
Bears Say
Elevated Leverage
Northland’s asset-heavy model requires substantial financing, but leverage increases sensitivity to refinancing costs, project delays and earnings volatility. Even with investment-grade status, elevated debt limits flexibility during adverse operating or funding conditions.
Persistent Net Losses
Recurring bottom-line losses show that strong operating margins have not consistently translated into shareholder earnings. This reflects exposure to financing costs, depreciation and project-related volatility, making reported profitability less durable than cash generation.
Generation And Cash-flow Variability
Renewable output depends on variable wind conditions, while project investment and working-capital effects can make cash flow uneven. PCR exposure and weaker offshore generation may periodically pressure results even within a contracted asset portfolio.
Northland Power News
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Northland Power Stock Smart Score
Company Description
Northland Power
Northland Power Inc. is an independent energy producer that focuses on the creation, construction, ownership, and management of clean and sustainable electricity generation assets. Its operations extend across North America, Europe, Latin America, and Asia. The company generates power from various sources including renewables like wind, solar, and hydropower, as well as clean-burning natural gas and biomass, selling this output through power purchase agreements and other revenue models. Northland Power holds direct ownership or economic stakes in operational generating facilities with a combined capacity of 3.2 gigawatts. The firm was established in 1987 and is headquartered in Toronto, Canada.
- Sector
- Utilities
- Industry
- Renewable Utilities
- CEO
- Christine Healy
- Employees
- 1,139
- Website
- www.northlandpower.com
- Address
- 30 St. Clair Avenue West, Toronto, ON, M4V 3A1, CA
Northland Power (NPI) Earnings & Revenues
NPI Earnings Call
Earnings Call SentimentPositive
The call emphasized strong execution on major construction milestones (Baltic Power first power, Hai Long turbine installation and financing, Jurassic BESS nearing commissioning), solid operational availability (96%), and reaffirmed full-year guidance. Adjusted EBITDA grew 6% year-over-year in the quarter and the company maintains nearly CAD 1 billion in liquidity and an investment-grade balance sheet. Near-term challenges include a material decline in quarterly free cash flow (≈60% YoY) driven by a prior-year one-time tax refund, weaker-than-average offshore wind in Q2 (~11% below long-term average), a net loss of CAD 54 million, and a Gemini export cable failure (being repaired). On balance, the strategic milestones, project financings, and reaffirmed guidance outweigh the near-term cash flow and production headwinds.
View all TSE:NPI earnings summariesNPI Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 2 | 5 |
| Technical Analysis | 3 | 2 | 5 |
| Moving Averages | 12 | 0 | 0 |
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