TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Northland Power ( (TSE:NPI) ) has provided an announcement.
Northland Power has announced a strategic update and 2030 outlook, aiming to double its gross operating capacity to 7 GW by 2030 and implement a cost optimization program targeting over $50 million in annual savings by 2028. The company is restructuring into two regional hubs to streamline operations and enhance investment decisions, while also increasing project return thresholds and targeting a 10% total shareholder return. Recent acquisitions, such as battery storage projects in Poland, and a new Power Purchase Agreement for its Nordsee One offshore wind farm, highlight Northland’s efforts to strengthen its market position and expand its renewable energy capabilities.
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 Inc. is a global energy company primarily involved in the development, construction, and operation of sustainable power projects. The company focuses on renewable energy sources, including offshore wind, onshore renewable projects, and efficient natural gas energy solutions, with a significant market presence in the Americas and international regions.
Average Trading Volume: 1,109,546
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$4.72B
Learn more about NPI stock on TipRanks’ Stock Analysis page.