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Northland Power ( (TSE:NPI) ) has provided an announcement.
Northland Power reported 2025 Adjusted EBITDA of $1.25 billion, in line with guidance, and free cash flow of $1.46 per share, above expectations, supported by record offshore wind output in Germany and 96% fleet availability. The company issued 2026 guidance with higher expected Adjusted EBITDA of $1.45–$1.65 billion and free cash flow of $1.05–$1.25 per share, while noting that slower-than-expected turbine commissioning at its Hai Long offshore wind project may reduce pre-completion revenues by $150–$200 million.
The company advanced construction on its 1.0 GW Hai Long and 1.1 GW Baltic Power offshore wind projects, both remaining on track for their targeted commercial operation dates and with costs aligned to original expectations. Northland also expanded its battery energy storage pipeline in Poland by 300 MW / 1.2 GWh, signed a five-year PPA for part of the Nordsee One output, adjusted its annual dividend to $0.72 per share and unveiled a strategic plan to double operating capacity to 7 GW by 2030, sharpen its focus on Canada and Europe and target investment returns above 12%.
The most recent analyst rating on (TSE:NPI) stock is a Hold with a C$19.50 price target. To see the full list of analyst forecasts on Northland Power stock, see the TSE:NPI Stock Forecast page.
Spark’s Take on TSE:NPI Stock
According to Spark, TipRanks’ AI Analyst, TSE:NPI is a Neutral.
Northland Power’s overall stock score is primarily influenced by its financial performance and technical analysis. While the company shows strong cash flow generation and a high gross profit margin, challenges in profitability and high leverage are significant concerns. The technical indicators suggest bearish momentum, further impacting the score. The attractive dividend yield provides some support, but the negative P/E ratio due to net losses is a valuation concern.
To see Spark’s full report on TSE:NPI stock, click here.
More about Northland Power
Northland Power Inc. is a Canadian independent power producer focused on renewable and clean energy infrastructure, including offshore wind, onshore renewables, natural gas facilities and battery energy storage. Listed on the TSX under ticker NPI, the company’s core markets are Canada and Europe, with a growing presence in offshore wind and storage projects in Germany, Poland and Asia.
Average Trading Volume: 1,182,125
Technical Sentiment Signal: Sell
Current Market Cap: C$5.25B
For detailed information about NPI stock, go to TipRanks’ Stock Analysis page.

