{"id":502600,"date":"2026-02-27T07:46:15","date_gmt":"2026-02-27T07:46:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/502600\/"},"modified":"2026-02-27T07:46:15","modified_gmt":"2026-02-27T07:46:15","slug":"northland-power-stock-climbs-as-2026-profit-target-surprises-analysts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/502600\/","title":{"rendered":"Northland Power stock climbs as 2026 profit target surprises analysts"},"content":{"rendered":"\n

Shares of Northland Power (NPI.TO<\/a>) gained over eight per cent on Thursday. The Canadian independent power producer is calling for an \u201cinflection point in electricity markets\u201d to deliver more profit in 2026 than analysts expected.<\/p>\n

Northland\u2019s global portfolio of energy assets spans offshore and onshore wind, solar, battery, and natural gas, as well as a regulated utility in Colombia.<\/p>\n

The Toronto-based company reported financial results after Wednesday\u2019s closing bell, booking higher revenue thanks to record offshore wind generation in Germany, and the start-up of a new lithium-ion battery energy storage facility in Ontario.<\/p>\n

Looking ahead, Northland surprised analysts with higher-than-expected profit guidance for 2026, calling for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.45 billion to $1.65 billion.<\/p>\n

\u201cWe’re at an inflection point in electricity markets. After decades of flat electricity demand, we’re entering a period of rising demand that some call a power super cycle. It’s driven by electrification, industrial growth, population growth, urbanization and a rise in AI demand,\u201d CEO Christine Healy told analysts on a conference call Thursday morning.<\/p>\n

\u201cAs power generators, our strategy plans to capture this momentum and double our gross operating capacity to seven gigawatts by 2030.\u201d<\/p>\n

Northland\u2019s five-year plan calls for between $5.8 billion and $6.6 billion in total gross investment.<\/p>\n

In respective notes to clients on Thursday, RBC Capital Markets analyst Nelson Ng and TD Cowen analyst Sean Steuart noted Northland\u2019s 2026 profit estimate topped their forecasts.<\/p>\n

\u201cWe believe the shares of NPI will trade higher on the back of stronger-than-expected Q4\/25 Adjusted EBITDA, and 2026 Adjusted EBITDA guidance,\u201d Ng wrote on Wednesday.<\/p>\n

On Thursday, Toronto-listed shares closed 8.34 per cent higher at $21.69 apiece. In November, the company\u2019s stock plunged after management announced a 40 per cent dividend cut<\/a>, along with a steep writedown on a wind farm in the North Sea.<\/p>\n

Healy says Northland will focus its investments on the Canadian and European markets, with the former focused on natural gas, and the latter on wind.<\/p>\n

\u201cWe see an opportunity-rich environment,\u201d she said. \u201cWe’re very focused on deepening where we are instead of spreading out into new locations.\u201d<\/p>\n

Healy insists Northland\u2019s investment plans in any given jurisdiction will be rigorously weighed against opportunities elsewhere.<\/p>\n

\u201cCanada continues to be a growth market for us, with every province forecasting power demand growth. We see opportunities in several of our technologies, including gas-fired generation and battery storage,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"Shares of Northland Power (NPI.TO) gained over eight per cent on Thursday. The Canadian independent power producer is…\n","protected":false},"author":2,"featured_media":502601,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[66571,45,49,48,200700,200702,200703,200701,82106,16718],"class_list":["post-502600","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-analysts","tag-business","tag-ca","tag-canada","tag-christine-healy","tag-electricity-markets","tag-gross-investment","tag-inflection-point","tag-northland-power","tag-offshore-wind"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/502600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=502600"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/502600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/502601"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=502600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=502600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=502600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}