Northland Power Inc. (NPI.TO) Stock Analysis

Company Overview

Northland Power Inc. trades under the ticker NPI.TO. It is classified in the Utilities - Renewable industry, within the Utilities sector. The company reports 1,139 employees.

NPI.TO last closed at CA$20.92 on September 4, 2026. That is +CA$0.50 (+2.45%) against the previous close. Over the past 52 weeks the price has ranged from CA$15.96 to CA$25.99. The latest close sits 31.08% above that 52-week low.

Financial Health

In fiscal 2025, Northland Power Inc. reported revenue of CA$2.43B. That is +3.78% against the prior fiscal year, when revenue was CA$2.35B. The same year closed with a net loss of CA$163.25M. Profit margin runs at −5.51%. That is 5.5 percentage points below the Utilities - Renewable median of 0%. Earnings per share on a trailing basis come to −0.57.

Across the 4 fiscal years on file, revenue moves from CA$2.45B in 2022 to CA$2.43B in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. On forward earnings the ratio is 11.45. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.57.

Over the trailing twelve months the price has returned −2.96%. Across 10 years the annualized return works out at +2.85%. Beta against the wider market is reported at 0.6. Daily returns over the trailing 10 years annualize to a volatility of 26.75%.

Growth & Income

The trailing dividend yield is 3.53%. That is 1.5 percentage points below the Utilities - Renewable median yield of 4.99%. At the indicated rate that is CA$0.72 a share a year. The ex-dividend date on file is August 31, 2026. Dividends are recorded for 11 calendar years; 2026 shows 8 payments totalling CA$0.48 a share. The year before, 2025, totalled CA$1.16 a share.

The strongest complete calendar year on file is 2020 at +73.84%; the weakest is 2023 at −32.21%. Of the 9 complete calendar years on file, 5 finished higher. So far in 2026 the price is +19.47%.