Northland Power (TSE:NPI) Announces Quarterly Earnings Results

Northland Power (TSE:NPI) announced its quarterly earnings data on Thursday. The solar energy provider reported C$0.33 EPS for the quarter, FiscalAI reports. The company had revenue of C$776.97 million for the quarter. Northland Power had a negative return on equity of 3.92% and a negative net margin of 6.69%.

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 Stock Down 3.9%

Shares of TSE NPI traded down C$0.93 during mid-day trading on Thursday, reaching C$22.63. 1,163,331 shares of the company were exchanged, compared to its average volume of 1,041,763. The company has a quick ratio of 1.23, a current ratio of 1.07 and a debt-to-equity ratio of 176.80. The stock has a market cap of C$5.92 billion, a price-to-earnings ratio of -34.82, a P/E/G ratio of 0.71 and a beta of 0.90. Northland Power has a 1 year low of C$15.96 and a 1 year high of C$25.99. The firm has a 50-day moving average of C$22.82 and a 200 day moving average of C$20.66.

Northland Power Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be paid a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Thursday, April 30th. Northland Power’s dividend payout ratio is -178.46%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Canadian Imperial Bank of Commerce upped their price objective on Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, March 27th. Desjardins increased their price target on Northland Power from C$23.00 to C$24.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Finally, TD Securities increased their price target on Northland Power from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$23.63.

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.