NORTHLAND POWER INC. (NPI.TO)
Utilities · TOR · Canada
Fundamentals
Valuation and ratings
NORTHLAND POWER INC. trades at CAD21.46, which is 29% above the CAD15.24 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 39 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
NPI.TO dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | CAD0.360 | 6 |
| 2025 | CAD1.16 | 12 |
| 2024 | CAD1.20 | 12 |
| 2023 | CAD1.20 | 12 |
| 2022 | CAD1.20 | 12 |
| 2021 | CAD1.20 | 12 |
| 2020 | CAD1.20 | 12 |
| 2019 | CAD1.20 | 12 |
| 2018 | CAD1.20 | 12 |
| 2017 | CAD1.09 | 12 |
| 2016 | CAD1.08 | 12 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
NPI.TO earnings and analyst estimates
Recommendation mix, 12 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
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.
NPI.TO passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is NORTHLAND POWER INC. (NPI.TO) undervalued?
Against our discounted cash flow estimate of CAD15.24, NPI.TO at CAD21.46 is 29% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Does NORTHLAND POWER INC. (NPI.TO) pay a dividend?
Yes. NORTHLAND POWER INC. yields 3.31% at the current share price. It has paid CAD0.920 per share over the trailing twelve months. It has paid a dividend in each of the last 23 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.