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An update from Northland Power ( (TSE:NPI) ) is now available.
Northland Power has signed a five-year Power Purchase Agreement with Shell Energy Europe for one-third of the production from its Nordsee One offshore wind farm, located in the North Sea. This agreement, starting in June 2027, aligns with Shell’s energy transition goals and underscores Northland’s commitment to delivering renewable energy in Europe. The deal is significant as it secures a stable revenue stream for Northland and strengthens its position in the renewable energy market, particularly as the German Renewable Energy Sources Act regime steps down in 2027.
The most recent analyst rating on (TSE:NPI) stock is a Hold with a C$19.00 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 score is primarily impacted by its strong cash flow and project advancements, but is weighed down by declining revenue, profitability issues, and bearish technical indicators. The high dividend yield offers some valuation support, but the negative P/E ratio and revised financial guidance present challenges.
To see Spark’s full report on TSE:NPI stock, click here.
More about Northland Power
Northland Power is a Canadian-owned global power producer focused on accelerating the global energy transition. Founded in 1987, the company has a diverse portfolio that includes offshore and onshore wind, solar, battery energy storage, and natural gas. Northland Power also operates a regulated utility, with a significant presence in Canada and offices in seven countries, managing a total generating capacity of 3.5 GW and a development pipeline of approximately 9 GW.
Average Trading Volume: 1,054,340
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$4.76B
Learn more about NPI stock on TipRanks’ Stock Analysis page.