$NPI.TO

National Bank of Canada Lifts Northland Power's Price Target to C$28 from C$27

National Bank of Canada on Thursday increased Northland Power (NPI.TO)'s price target to C$28 from $27 with an outperform rating.The company reported an adjusted EBITDA of C$427 million in the first quarter, below the bank's forecast of $454 million but in line with the consensus forecast of $424 million.Northland's total renewable generation was 2,316 gigawatt-hour (GWh), in line with the bank's 2,290 GWh estimate.Northland reiterated its 2026 adjusted EBITDA guidance range of $1.45 billion to $1.65 billion and free cash flow of $1.05-$1.25 per share.The company traded at $22.77 per share at last look Friday on the Toronto Stock Exchange.Price: $22.73, Change: $+0.10, Percent Change: +0.44%

Earnings Flash (NPI.TO) Northland Power Revenue From Energy Sales Up to $775M in Q1 2026 Vs $665M

Northland Power Seals 30-Year Power Purchase Deal With Taiwan Semiconductor

Northland Power (NPI.TO) has concluded a 30-year corporate power purchase agreement (CPPA) with Taiwan Semiconductor Manufacturing Company (TSMC) for additional power from its Hai Long offshore wind project in Taiwan, the company said on Thursday.The Hai Long project is situated off the Changhua coast in the Taiwan Strait and consists of three offshore wind sites, the 294-megawatt (MW) Hai Long 2A, the 224 MW Hai Long 2B, and the 504 MW Hai Long 3. The new agreement builds on an existing partnership with TSMC which already covers Hai Long 2B and Hai Long 3. Later this year, Hai Long 2A will switch to the new CPPA, and TSMC will offtake 100% of the project's generating capacity, a statement said.The Hai Long Project is being constructed by Northland (30.6%) jointly with Mitsui & Co. (40%) and Gentari International Renewables (29.4%)."This agreement with TSMC reinforces the strategic importance of Hai Long. Once the switch is complete it will enhance the project's long-term economic fundamentals and contribute directly to value creation for Northland and its shareholders," said chief executive Christine Healy.Northland Power shares closed down $0.45, to $23.29, on Wednesday, on the Toronto Stock Exchange.

RBC Changes Estimates for Select Canadian Energy Infrastructure Companies

RBC Capital Markets on Monday outlined estimate changes for select Canadian energy infrastructure companies ahead of the first-quarter earnings season.RBC raised the EBITDA estimate for Capital Power (CPX.TO) to C$400 million from $360 million while lowering the EBITDA forecast for Keyera (KEY.TO) to $210 million from $260 million. RBC cited seasonality profile changes to hedging and the related impacts.The EBITDA projection for Northland Power (NPI.TO) was raised to $430 million from $405 million to reflect RBC's expectation of higher European offshore wind resources.RBC cut the EBITDA estimate for TransAlta (TA.TO) to $217 million from $235 million due to lower power production levels.RBC raised its earnings forecast for Emera (EMA.TO) to $1.20 per share from $1.17 per share mainly due to more favorable weather at Tampa Electric, and higher-than-expected pricing volatility.The discounted cash flow estimate for Enbridge (ENB.TO) was lowered to $1.72 from $1.75 to reflect the anticipated impact from regulatory decisions by the CER on its MTS financial return calculation.RBC reduced its EBITDA estimate for Gibson Energy (GEI.TO) to $149 million from $154 million, driven by lower observed shipping activity.The earnings forecast for Hydro One (H.TO) was raised to $0.64 per share from $0.58 per share due to a higher-than-expected Ontario 60-minute peak demand and rate base growth.RBC boosted the EBITDA estimate for Pembina (PPL.TO) to $1.097 billion from $1.063 billion, primarily due to improvements in the frac spread benefiting Marketing.Price: $66.88, Change: $-0.37, Percent Change: -0.55%