Northland Power (TSE:NPI) Announces Earnings Results

Northland Power (TSE:NPI) announced its quarterly earnings results on Thursday. The solar energy provider reported C$0.33 earnings per share for the quarter, FiscalAI reports. Northland Power had a negative return on equity of 3.45% and a negative net margin of 5.52%.The firm had revenue of C$776.97 million for the quarter.

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

• Q1 results were strong, with Adjusted EBITDA of CAD 427 million, up 18% year over year, and Free Cash Flow per share of CAD 0.70, up 17%. Management said this was driven by strong European wind conditions, 96% fleet availability, and contributions from Oneida and Hai Long pre-completion revenue.
• Northland reaffirmed its 2026 guidance for Adjusted EBITDA of CAD 1.45 billion to CAD 1.65 billion and Free Cash Flow per share of CAD 1.05 to CAD 1.25. Management said the company’s strong Q1 performance provides a constructive start to the year.
• Construction remains on track at the company’s major growth projects, including Hai Long in Taiwan, Baltic Power in Poland, and Jurassic Solar+ in Alberta. Hai Long had 51 of 73 turbines installed, Baltic Power had 38 of 76 turbines installed, and Jurassic Solar+ energized its main transformer.
• Northland signed a new 30-year corporate PPA for Hai Long that covers 100% of the project’s generation, which management said improves contract duration and supports potential project-level optimization. The company will provide a further update on funding and optimization later this summer.
• The company exited two development projects during the quarter: the 100 MW High Bridge wind project in New York and a 990 MW offshore wind project in South Korea. Management said both decisions reflected regulatory and investment-criteria concerns and are consistent with its disciplined capital allocation approach.

Northland Power Trading Up 1.5%

TSE:NPI opened at C$22.98 on Friday. The firm has a 50-day moving average price of C$22.87 and a two-hundred day moving average price of C$20.66. The company has a debt-to-equity ratio of 168.64, a quick ratio of 1.23 and a current ratio of 1.16. The firm has a market cap of C$6.01 billion, a price-to-earnings ratio of -40.32, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90. Northland Power has a 52 week low of C$15.96 and a 52 week high of C$25.99.

Northland Power Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Thursday, April 30th. Northland Power’s dividend payout ratio (DPR) is currently -182.46%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. TD lifted 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 report on Friday. Canadian Imperial Bank of Commerce upped their target price on shares of Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, March 27th. Raymond James Financial raised their price target on shares of Northland Power from C$25.50 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday. TD Securities raised their target price on shares of Northland Power from C$21.00 to C$23.00 and gave the company a “hold” rating in a research report on Friday, February 27th. Finally, Scotia increased their price objective on shares of Northland Power from C$23.00 to C$25.00 and gave the stock a “sector perform” rating in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$24.80.

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.