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Northland Power
(TSX:NPI)
Northland Power (NPI) vs. iShares MSCI Canada ETF (EWC)
Northland Power Business Overview & Revenue Model
Northland Power Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 2.35B | 2.23B | 2.45B | 2.09B | 2.06B | Gross Profit |
| 1.01B | 1.61B | 2.18B | 1.88B | 1.86B | EBIT |
| 812.89M | 741.16M | 1.05B | 808.65M | 900.21M | EBITDA |
| 1.59B | 1.26B | 2.22B | 1.41B | 1.54B | Net Income Common Stockholders |
| 271.82M | -175.19M | 827.73M | 269.88M | 381.08M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 613.32M | 813.50M | 1.30B | 673.69M | 434.99M | Total Assets |
| 13.60B | 13.63B | 14.22B | 12.88B | 11.40B | Total Debt |
| 7.20B | 7.20B | 7.17B | 7.63B | 7.59B | Net Debt |
| 6.59B | 6.55B | 5.87B | 6.96B | 7.15B | Total Liabilities |
| 9.05B | 9.14B | 9.50B | 9.91B | 9.40B | Stockholders Equity |
| 4.19B | 4.19B | 4.39B | 2.76B | 1.58B |
| Cash Flow | Free Cash Flow | |||
| 476.75M | 343.05M | 1.31B | 1.14B | 1.10B | Operating Cash Flow |
| 1.03B | 785.21M | 1.83B | 1.61B | 1.32B | Investing Cash Flow |
| -448.81M | -1.17B | -629.68M | -1.03B | -839.27M | Financing Cash Flow |
| -720.25M | -262.04M | -604.84M | -225.68M | -389.53M |
Northland Power Technical Analysis
Northland Power Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $5.29B | 20.32 | 6.08% | 5.91% | -5.33% | ― | |
64 Neutral | $8.54B | 10.24 | 4.67% | 4.36% | 4.12% | -13.19% | |
| $15.59B | ― | -5.97% | 6.09% | ― | ― | ||
73 Outperform | C$2.78B | 69.60 | 4.20% | 2.63% | 0.97% | ― | |
66 Neutral | C$247.31M | 59.81 | -4.70% | 7.09% | -1.45% | -210.16% | |
63 Neutral | C$3.16B | 287.20 | 0.67% | 2.15% | -16.63% | -87.78% | |
| $4.27B | ― | 5.54% | 5.48% | ― | ― |
Northland Power Earnings Call Summary
Northland Power Corporate Events
Northland Power held its 2025 Annual General Meeting, where all ten director nominees proposed by management were elected, and Ernst & Young LLP was appointed as the independent auditor. The meeting also included a non-binding advisory vote on executive compensation, which was accepted by a significant majority. This meeting reflects Northland’s ongoing commitment to strong governance and strategic oversight, potentially enhancing stakeholder confidence in the company’s leadership and operational strategies.
The most recent analyst rating on (TSE:NPI) stock is a Buy with a C$28.00 price target. To see the full list of analyst forecasts on Northland Power stock, see the TSE:NPI Stock Forecast page.
Northland Power has reported significant progress in its construction projects for the first quarter of 2025, including the early and under-budget completion of the Oneida energy storage project and ongoing advancements in the Hai Long and Baltic Power offshore wind projects. Despite challenging wind conditions in Europe, Northland’s diversified portfolio has demonstrated resilience, with strong performance in North American operations. The company has also seen changes in its executive leadership, with Christine Healy appointed as President and CEO, and Jeff Hart as CFO, positioning Northland to advance its strategic objectives.
The most recent analyst rating on (TSE:NPI) stock is a Buy with a C$28.00 price target. To see the full list of analyst forecasts on Northland Power stock, see the TSE:NPI Stock Forecast page.
Northland Power has announced the commencement of commercial operations at the Oneida Energy Storage Project, Canada’s largest battery storage facility, which was completed ahead of schedule and under budget. This milestone positions Northland as a leader in the battery storage market, enhancing grid stability in Ontario and providing long-term revenue through a 20-year capacity contract. The project, valued at approximately $700 million, is a joint venture with various partners, including First Nations groups, and underscores Northland’s capability to execute large-scale energy projects effectively.
Northland Power released its 2024 Sustainability Report, highlighting significant achievements in sustainability and energy transition. The report showcases progress in reducing greenhouse gas emissions, advancing renewable projects, and maintaining strong sustainability ratings. These efforts underscore Northland’s commitment to responsible energy production and its role in the global shift towards sustainable energy solutions.
Northland Power released its 2024 Sustainability Report, showcasing significant progress in sustainability achievements and its commitment to the global energy transition. The report highlights key milestones in major projects such as Hai Long, Baltic Power, and Oneida, and emphasizes the company’s efforts in reducing greenhouse gas emissions and maintaining strong sustainability ratings. The achievements underscore Northland’s dedication to delivering safe, reliable, and affordable energy worldwide, reinforcing its long-term sustainability strategy.
Northland Power’s 2024 Sustainability Report highlights significant progress in its sustainability goals, emphasizing its commitment to people, communities, and the planet. The report showcases achievements such as a 30% reduction in GHG emissions intensity since 2019, the generation of 11,046 GWh of electricity globally, and advancements in renewable projects under construction. These milestones reinforce Northland’s long-term sustainability strategy and its role in the global energy transition, providing safe, reliable, and affordable energy worldwide.
Northland Power released its 2024 Sustainability Report, showcasing significant progress in sustainability achievements. The report highlights milestones in their Hai Long, Baltic Power, and Oneida projects, and emphasizes their commitment to sustainable practices and global partnerships. In 2024, Northland generated 11,046 GWh of electricity globally, achieved a 30% reduction in GHG emissions intensity since 2019, and advanced 2.4 GW of renewable projects under construction. These efforts reinforce Northland’s long-term sustainability strategy and commitment to responsible energy solutions.
Northland Power has announced the appointment of Jeff Hart as its new Chief Financial Officer, effective May 1, 2025. Hart, who has extensive experience in financial leadership and capital markets from his previous roles at Husky Energy and Cenovus Energy, is expected to play a crucial role in advancing Northland’s financial growth and strategic objectives. The appointment reflects Northland’s commitment to strengthening its industry position and delivering long-term shareholder value. Additionally, Adam Beaumont, who served as Interim CFO, will transition to the role of Senior Vice President, Capital Markets, continuing to contribute to the company’s success.
Northland Power announced a succession plan for its Board Chair, with John Brace stepping down after a long tenure and Ian Pearce poised to take over if elected at the upcoming AGM. This transition marks a significant leadership change as Northland continues its growth and innovation under the new leadership of Christine Healy as President and CEO, reflecting the company’s ongoing commitment to maintaining its position as a global leader in the energy sector.
Northland Power announced it will release its first quarter 2025 financial results on May 13, 2025, with an investor call scheduled for May 14, 2025. This announcement is part of Northland’s ongoing efforts to keep stakeholders informed about its financial performance and operational progress, reflecting its commitment to transparency and engagement with investors.
Northland Power has secured financing for its Jurassic Battery Energy Storage System project in Alberta, marking its second battery storage financing. The 80 MW, 2-hour battery storage system will be Alberta’s largest once completed and is expected to enhance the stability and reliability of the province’s energy grid. With a project cost of approximately $120 million, it is anticipated to contribute about $15 million of annual Adjusted EBITDA upon reaching commercial operation in late 2026. This project underscores Northland’s commitment to expanding its footprint in Canada and diversifying its asset base, highlighting the growth potential of its multi-technology approach.
Northland Power reported strong financial results for the fourth quarter of 2024, achieving the high end of its financial guidance. The company continues to advance its major construction projects, including Baltic Power, Hai Long, and Oneida, and has completed an upgrade to the Thorold natural gas facility. With a robust balance sheet and significant liquidity, Northland Power is well-positioned for growth. The company has issued its 2025 financial outlook, anticipating an increase in Adjusted EBITDA and changes to its Dividend Reinvestment Plan.