Northland Power (TSE:NPI) Announces Quarterly Earnings Results

Northland Power (TSE:NPI) released its quarterly earnings data on Thursday. The solar energy provider reported C($0.24) EPS for the quarter, FiscalAI reports. The firm had revenue of C$2.35 million for 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 Trading Down 4.7%

Shares of TSE NPI traded down C$1.01 during midday trading on Thursday, reaching C$20.62. The company had a trading volume of 911,230 shares, compared to its average volume of 971,961. The firm’s fifty day moving average price is C$22.07 and its 200-day moving average price is C$21.99. Northland Power has a one year low of C$15.96 and a one year high of C$25.99. The stock has a market cap of C$5.39 billion, a PE ratio of -36.18, a price-to-earnings-growth ratio of 0.71 and a beta of 0.88. The company has a quick ratio of 1.23, a current ratio of 1.16 and a debt-to-equity ratio of 168.64.

Northland Power Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a $0.06 dividend. The ex-dividend date was Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.5%. Northland Power’s payout ratio is currently -182.46%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NPI. National Bank Financial upped their price objective 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. Desjardins cut their target price on shares of Northland Power from C$23.00 to C$22.00 and set a “hold” rating for the company in a research report on Wednesday, July 22nd. TD increased their target price on Northland Power from C$24.00 to C$25.00 and gave the company a “hold” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets upped their price objective on Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Scotia raised their price objective on Northland Power from C$23.00 to C$25.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. Four equities research 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 company presently has a consensus rating of “Hold” and a consensus price target 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.