TSE:NPI
Northland Power Inc (NPI.TO)
22.01
-0.09 (0.41%)
as of Sep 25, 2026, 8:00:00 pm Market Open.
629 watching
Financials 
Technical Analysis 0
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BUY
Sensational performer in 2020, as was the entire renewable sector. Hit by winter storms in Texas last year. Back seat to more traditional energy names. For the next decade, you have to have a core position in some of the renewable energy names. A leader in the space. Pullback is buyable.
Brian MaddenOwned
Utilities
STRONG BUY
They had a big run at end-2020, but have come off this year. Long term, NPI remains very attractive. They produce offshore wind power globally and are a potential take-out candidate given their scope. ESG is a strong tailwind. It's one of his largest holdings and he's buying at current levels.
Ryan BushellOwned
Utilities
BUY ON WEAKNESS
Holds some for their income portfolio. Was the biggest contributor for their performance last year. A secular growth potential story. A consistent performer and the pullback is buyable. The pullback is due to exposure and earnings disappointments due to storms in Texas. Likes the geographic exposure with roots in Canada. Clean natural gas, long tenure and great allocators of capital. 3% yield and has been a good capital appreciator.
Brian MaddenOwned
Utilities
TOP PICK
It is his second largest position. They are one of the few global players and they have these off-shore wind sites, which is the big frontier in this. He thinks this is a good entry point into this company. It could be a goo take-over candidate and there should be good growth as well. (Analysts’ price target is $53.12)
Ryan BushellOwned
Utilities
BUY
Buy now after the Spanish wind farm purchase and equity raise? The market is concerned, but the market misses that the Spanish deal is a platform for growth in Spain for NPI. Spain will invest in a lot of renewable projects in the next 5-7 years. The current lack of attention for renewables now creates a buying opportunity now. NPI can double its EBITDA in the next 5 years across its diverse growth profile. Management has executed very well in the past decade. Risks: technical like offshore wind is always possible in this sector, or even noise concerns that effect the local population, but NPI has always solved these problems and delivered projects on time and on budget. All this makes him confident in their execution. Regulation risk/intervention is also possible, but a rule of law in countries like Spain allows companies to fight issues in courts.
Utilities
BUY ON WEAKNESS
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They announced an acquisition and financing for the deal. The acquisition looks good, but it is not a huge deal compared to the company’s market cap. It adds more diversity and renewable assets. Attractive at current levels following the market selling off with the financing. Unlock Premium - Try 5i Free
Stockchase InsightsUnknown
Utilities
PARTIAL SELL
Very well run. Outlook for renewable power is very strong over the next 5-10 years. NPI has opportunities to grow further. Stock's run up. Bond yields moving up tends to put pressure on utilities that have a strong dividend yield. If you've had a gain, consider taking money off the table and selling 1/3 of your position. It won't get back to last year's lows.
Utilities
BUY
Great company. One of his favourite renewables. #4 in offshore wind. Growth pipeline is pretty robust for the next 5-10 years. The whole space has been under pressure, as utilities are rate sensitive, but this provides an opportunity in many names.
Shane ObataOwned
Utilities
HOLD
Allan Tong’s Discover Picks Meanwhile, its Canadian peer, Northland Power, has risen around 18%, but has been enjoying stronger momentum lately. Read 6 Promising Green Energy Stocks for our full analysis.
Stockchase DiscoverOwned
Utilities
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NPI is a major producer of offshore wind power, accounting for 60% of its adjusted EBITDA (followed by natural gas at 21%). True, wind power is not 100% reliable, but NPI boasts a long track record of execution, returning 13% annually over the last five years. The company just reported its Q4 and full year: sales rose in Q4 by 30% and 2% for the year, largely driven by Spanish operations NPI bought last August as well as its natural gas operations. Gross profits climbed 33% in Q4 and 1% for the year. Adjusted EBITDA increased 35% in Q4, though declined 3% full year. Another caveat is its 49.1x PE, which ranks higher than the industry average of 41.5x. However, margins are robust at a 12.89% profit margin and an ROI of 2.55%. NPI pays a steady dividend yield just under 3%, based on on 98% payout ratio. That may sound high, the but the sector's average is 139%.