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StockVS

TSX · Utilities - Renewable · CAD

Northland Power Inc. (NPI.TO) Stock Analysis

Northland Power Inc. (NPI.TO) is a Utilities - Renewable stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

NPI.TO

CA$22.22

+CA$0.31 (+1.41%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NPI.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$22.02
Previous Close
CA$21.91
Day's Range
22.02–22.48
52-Week Range
15.96–25.99
Volume
747.85K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.53
Valuation
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
12.16
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
2.57
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.56
Financials (FY)
Revenue (FY)
CA$2.43B+3.78%
Net Income (FY)
−CA$163.25M−160.06%
Profit marginThe share of revenue left as profit after all costs and taxes.
−5.51%
1-Year Return
−6.26%
Dividend and dates
Dividend
CA$0.72+3.29%
Ex-Dividend Date
September 29, 2026
Earnings Date
November 12, 2026
Avg Volume
1.06M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, NPI.TO closed at CA$22.22, −6.26% over 1 year.

In fiscal 2025, NPI.TO reported revenue of CA$2.43B.

NPI.TO Stock Return by Calendar Year

Northland Power Inc. (NPI.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$9,374
−6.26%
5 years
CA$10,000 CA$6,760
−32.40%
10 years
CA$10,000 CA$14,072
+40.72%

If you had invested CA$10,000 in Northland Power Inc. (NPI.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$14,072 at the close on October 21, 2026: +40.72% in total, +3.47% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+26.90%
2025+5.66%
2024−21.43%
2023−32.21%
2022+0.88%
2021−14.49%
2020+73.84%
2019+31.45%
2018−2.01%
2017+4.92%
2016 (partial year)−4.25%

As of October 21, 2026.

NPI.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$2.43B−CA$163.25M−6.7%
2024CA$2.35BCA$271.83M11.6%
2023CA$2.23B−CA$175.19M−7.8%
2022CA$2.45BCA$827.73M33.8%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$2.43B—CA$785.52M−CA$163.25M−6.7%
2024CA$2.35B—CA$835.10MCA$271.83M11.6%
2023CA$2.23BCA$2.02BCA$723.13M−CA$175.19M−7.8%
2022CA$2.45BCA$2.18BCA$1.04BCA$827.73M33.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

NPI.TO Dividend History

CA$1.16−3.3% vs 2024

Dividends per share, 2025 · 12 payments

YearDividends per sharePaymentsChange
2026*CA$0.488—
2025CA$1.1612−3.3%
2024CA$1.2012+0.0%
2023CA$1.2012+0.0%
YearDividends per sharePaymentsChange
2026 (partial year)CA$0.488—
2025CA$1.1612−3.3%
2024CA$1.2012+0.0%
2023CA$1.2012+0.0%
2022CA$1.2012+0.0%
2021CA$1.2012+0.0%
2020CA$1.2012+0.0%
2019CA$1.2012+0.0%
2018CA$1.2012+10.1%
2017CA$1.0912+303.7%
2016CA$0.273—

Most recent payment: CA$0.06 per share, ex-dividend August 31, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

NPI.TO Valuation vs Utilities - Renewable Median

Median of 26 stocks
MetricNPI.TOUtilities - Renewable medianvs median
Profit margin−5.51%−1.26%4.3 pts below

Medians across 26 Utilities - Renewable stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

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$22.22 on October 21, 2026. That is +CA$0.31 (+1.41%) 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 39.22% 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 4.3 percentage points below the Utilities - Renewable median of −1.26%. Earnings per share on a trailing basis come to −0.56.

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 12.16. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.57.

Over the trailing twelve months the total return is −6.26%. Across 10 years the annualized return works out at +3.47%. Beta against the wider market is reported at 0.53. Daily returns over the trailing 10 years annualize to a volatility of 26.84%.

Growth & Income

The trailing dividend yield is 3.29%. That is 2.2 percentage points below the Utilities - Renewable median yield of 5.52%. At the indicated rate that is CA$0.72 a share a year. The ex-dividend date on file is September 29, 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 total return is +26.90%.

Peer Comparison

Northland Power Inc. (NPI.TO) operates in the Utilities - Renewable industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Northland Power Inc. NPI.TO — —
Brookfield Renewable Partners L.P. BEP $13.73B —
Enlight Renewable Energy Ltd ENLT $10.05B 117.8
Clearway Energy, Inc. CWEN $7.80B 41.1

The Utilities - Renewable industry average P/E ratio is 42.5x. Northland Power Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About 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.

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