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Home CompaniesNorthland Power Inc.

Northland Power Inc.

Utilities Utilities - Renewable
PortfolioPortfolio WatchlistWatchlist
Company price
22.32 CAD 0.28 ( 1.27%)
Last update at 2026-11-04T20:28:00Z
VOLUME
655315
Market Cap
5745.20M

Momentum Score

…

Northland Power Inc. operates as a power producer in Canada, the Netherlands, Germany, Colombia, Spain, the United States, and internationally. The company produces electricity from renewable resources, such as offshore and onshore wind; solar; natural gas; and battery energy storage for sale under power purchase agreements and other revenue arrangements. As of December 31, 2025, it owned or had a net economic interest in 3,014 MW of power-producing facilities with a total gross operating capacity of approximately 3,498 MW and a regulated utility. The company was founded in 1987 and is headquartered in Toronto, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
22.06
Low
22.66
High
52 Week Price Range
15.67
Low
25.52
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Northland Power Inc. is a Canadian independent power producer that develops, builds and operates utility-scale low-carbon power projects, including offshore wind, onshore renewables and thermal generation across multiple international markets. Its long-term growth may be supported by an expanding development pipeline, long-term contracted cash flows for many assets and secular demand for decarbonization from utilities and corporate buyers, which could appeal to investors seeking exposure to renewable infrastructure.

Key investment risks include construction and execution risk on large projects, significant project-level financing and leverage exposure, merchant-price or uncontracted-volume risk and regulatory, permitting, currency or interest-rate sensitivities that could pressure cash flows.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
22.04
Dividend Yield
5.21%
Revenue TTM
2444.85M
Revenue Per Share
9.36
Gross Profit TTM
1704.74M
Debt / Equity
1.77
ROE
-2.41%
Net Debt
6501.47M
ROCE
6.49%
Diluted EPS TTM
-0.64

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -149.24M 563.56M -57.00M 1260.12M 423.23M
Minority interest -54.89M -99.56M -79.06M -127.72M -80.32M
Net income -163.25M 271.82M -175.19M 827.73M 269.88M
Selling general administrative 118.67M 113.10M 115.17M 83.96M 67.68M
Selling and marketing expenses - - 113.63M - -
Gross profit 968.12M 2346.26M 1623.12M 2178.39M 1879.76M
Reconciled depreciation 715.58M 673.73M 652.62M 624.70M 636.04M
Ebit 785.52M 857.38M 741.16M 1051.31M 808.65M
Ebitda 1512.25M 1526.89M 1383.86M 1690.29M 1364.20M
Depreciation and amortization 726.74M 669.51M 642.71M 638.99M 555.55M
Operating income 785.52M 812.89M 577.99M 1051.31M 808.65M
Other operating expenses 1649.45M 1533.37M 1665.69M 1409.30M 1322.77M
Interest expense 344.09M 380.73M 343.17M 308.49M 313.47M
Tax provision -40.88M 192.17M 39.13M 304.66M 153.35M
Interest income 62.15M 358.58M 72.42M 182.68M 302.82M
Net interest income -281.93M -298.96M -303.78M -312.36M -330.75M
Income tax expense -40.88M 192.17M 39.13M 304.66M 153.35M
Total revenue 2434.97M 2346.26M 2243.68M 2448.82M 2093.26M
Total operating expenses 182.61M 1533.37M 1045.13M 1138.88M 1109.28M
Cost of revenue 1466.85M 195.78M 620.56M 270.43M 213.49M
Total other income expense net -934.76M -249.34M -634.99M 208.81M -385.42M
Net income from continuing ops -108.36M 371.39M -96.13M 955.46M 269.88M
Net income applicable to common shares - 265.66M -181.30M 816.53M 178.75M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 13238.36M 13604.34M 13626.30M 14222.61M 12877.33M
Intangible assets 392.62M 393.89M 446.87M 515.77M 497.63M
Other current assets 152.45M 119.73M 97.47M 602.23M 316.17M
Total liab 8813.82M 9047.92M 9143.57M 9498.34M 9911.62M
Total stockholder equity 4061.21M 4186.11M 4185.18M 4391.18M 2756.88M
Other current liab 120.46M 73.02M 55.59M 944.65M 222.58M
Common stock 5220.89M - 5085.39M 4945.98M 4005.46M
Capital stock 5365.74M 5338.26M 5230.23M 5090.83M 4266.34M
Retained earnings -1675.40M -1202.04M -1158.68M -701.14M -1233.09M
Other liab - - - 1266.67M 1084.61M
Good will 669.21M 617.61M 639.35M 712.62M 753.37M
Other assets - - - 660.44M 466.57M
Cash 678.90M 613.32M 642.48M 1299.83M 673.69M
Cash and equivalents - - - 1299.83M 673.69M
Total current liabilities 1143.38M 1331.10M 1276.02M 1908.85M 1404.55M
Current deferred revenue - - 298.97M - -
Net debt 6501.47M 6588.48M 6553.71M 5874.56M 6960.35M
Short term debt 804.23M - 759.81M 800.86M 677.38M
Short long term debt 787.42M 878.60M 759.81M 784.11M 677.38M
Short long term debt total 7180.37M - 7196.19M 7174.40M 7634.04M
Other stockholder equity 7.26M - 5.98M 5.54M 3.59M
Property plant equipment - - - 9377.58M 9586.47M
Total current assets 1227.08M 1392.06M 1446.69M 2348.96M 1414.69M
Long term investments 1234.60M 1023.07M 899.88M 441.56M 131.13M
Net tangible assets - - - 3017.95M 1244.99M
Short term investments - - 121.44M 146.52M -
Net receivables 395.73M 272.91M 396.01M 403.11M 388.23M
Long term debt 6071.30M 6323.19M 6436.38M 6177.84M 6956.66M
Inventory - - -121.44M 43.78M 36.61M
Accounts payable 218.69M 169.03M 161.64M 163.34M 504.58M
Accumulated other comprehensive income 363.61M - 107.65M -4.04M -279.96M
Non currrent assets other 276.21M 18.14M 968.84M 798.87M 433.10M
Non current assets total 12011.28M 12212.28M 12179.60M 11873.65M 11462.64M
Capital lease obligations - - - 155.21M -
Long term debt total - - - 6316.31M 7094.73M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -448.81M -1913.14M -629.68M -1030.86M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities -94.18M -448.81M -1170.05M -629.68M -1030.86M
Net borrowings -604.49M - - -706.80M -681.97M
Total cash from financing activities -1014.31M -720.25M -262.04M -604.84M -225.68M
Change to operating activities - - - 289.88M 292.50M
Net income -163.25M 371.39M -96.13M 955.46M 269.88M
Change in cash 6.51M -126.92M -657.36M 626.14M 238.70M
Begin period cash flow 672.39M 740.24M 1299.83M 673.69M 434.99M
End period cash flow 678.90M 613.32M 642.48M 1299.83M 673.69M
Total cash from operating activities 1112.08M 1028.97M 785.21M 1832.98M 1609.30M
Issuance of capital stock - 0.00M 243.27M 851.61M 949.60M
Depreciation 726.74M 615.34M 652.62M 624.70M 636.04M
Other cashflows from investing activities 64.85M 103.41M -727.89M -144.33M -59.34M
Dividends paid 292.33M 206.65M 211.18M 208.05M 183.57M
Sale purchase of stock - 0.00M 62.19M -121.52M 0.00M
Other cashflows from financing activities -117.50M -404.45M -431.42M 178.72M -309.74M
Change to netincome - - - 62.54M 458.68M
Capital expenditures 135.55M 552.22M 442.16M 523.13M 469.79M
Change in working capital 28.11M -305.08M -466.31M 289.88M 292.50M
Stock based compensation - - 3.93M 4.97M 4.14M
Other non cash items 680.58M 264.25M 799.47M -143.31M 347.26M
Free cash flow 976.54M 476.75M 343.05M 1309.86M 1139.50M

Peer Comparison*

Sector: Utilities Industry: Utilities - Renewable

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
NPI
Northland Power Inc.		 0.28
1.27%		 22.32 - 14.93 2.35 1.49 5.00 13.77
BEP-UN
Brookfield Renewable Partners L.P		 0.84
1.99%		 43.14 - 333.33 4.62 1.48 8.58 12.15
BEP-PM
Brookfield Renewable Partners LP Series 13 Pref Class A		 0.04
0.16%		 25.16 - - 2.58 - - -
BEPC
Brookfield Renewable Corp		 0.91
2.11%		 43.97 - 14.53 2.57 2.05 6.04 40.50
CSE-PA
Capstone Infrastructure Corp		 -0.19
0.82%		 23.08 611.36 - 16.34 - - -

Profile*

Northland Power Inc.

Northland Power Inc. operates as a power producer in Canada, the Netherlands, Germany, Colombia, Spain, the United States, and internationally. The company produces electricity from renewable resources, such as offshore and onshore wind; solar; natural gas; and battery energy storage for sale under power purchase agreements and other revenue arrangements. As of December 31, 2025, it owned or had a net economic interest in 3,014 MW of power-producing facilities with a total gross operating capacity of approximately 3,498 MW and a regulated utility. The company was founded in 1987 and is headquartered in Toronto, Canada.

30 St. Clair Avenue West, Toronto, ON, Canada, M4V 3A1

416-962-6262

https://www.northlandpower.com

1139

Name Title Year Born
Mr. Mike Crawley Pres and Chief Exec. Officer NA
Ms. Pauline Alimchandani C.F.A. Chief Financial Officer 1983
Ms. Wendy Alexandra Franks Ph.D. Exec. VP of Strategy & Investment Management 1975
Mr. David Edward Povall Exec. VP of Devel. NA
Mr. Adam Beaumont Sr. Director of Corp. Fin. NA
Mr. Wassem Khalil Sr. Director of Investor Relations & Strategy NA
Mr. Michael D. Shadbolt VP & Gen. Counsel NA
Mr. David Timm Sr. Director of Public Affairs NA
Susan Sperling Director of Communications NA
Ms. Rachel Stephenson Chief People Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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