Northland Power Inc (NPI) Fair Value & Analysis
Utilities · CA · Market cap C$5.8B
Fair value as of: Jul 14, 2026
From 16 valuation models · updated 27 days ago
Fair value updated Jul 14, 2026, revised from C$27.95 to C$32.97 (+18.0%) since Jun 24, 2026. Share price −1.1% over the past month.
Below-average quality, screening 52% undervalued on our models.
What matters now
- Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
- Our model range runs from C$18.51 (bear) to C$32.97 (bull), base C$32.97. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 48/100 (below-average quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.
How to read this chart
60‑month range C$15.29 – C$35.86 · fair‑value band C$18.51 – C$32.97 · the C$21.68 price screens below the C$32.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.
Analysis
Northland Power Inc (NPI) currently trades at C$21.68, while our model-based Fair Value estimate is C$32.97, implying the stock looks roughly 52.1% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Northland Power Inc generated revenue of C$2.6B at a net margin of -5.5%. Revenue grew 16.4% year over year. It earns a return on equity of -1.3%. Net debt stands at C$6.5B. Fundamentals as of Jul 14, 2026
Our scenario range runs from C$18.51 (bear case) to C$32.97 (bull case); at C$21.68, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 39% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at 52%, NPI screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: DCF Models (C$29.54) versus Earnings-Based (C$7.84). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 52
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Northland Power Inc reported revenue of C$2.4B in FY2025 versus C$2.1B in FY2021, a compound +3.9%/yr. Reported net income was −C$163M in FY2025.
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Northland Power Inc's Dividend Analysis
- Northland Power Announces its Second Quarter 2026 Financial Results Release Date and Provides Earnings Call and Webcast Details
- Northland's Baltic Power Reaches First Power Delivering First Offshore Wind Electricity to Poland's Grid
- Northland Power Reports on its 2026 Annual General Meeting
Peer Group
Utilities - Renewable · 220 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Renewable median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Yangtze Power Co 600900 | ¥27.99 | ¥25.13 | -10% |
| Ørsted A/S ORSTED | kr 149.70 | kr 31.40 | -79% |
| Huaneng Lancang River Hydropower Inc 600025 | ¥9.81 | ¥5.57 | -43% |
| Adani Green Energy Limited ADANIGREEN | ₹1,537 | ₹170.50 | -89% |
| AXIA Energia SA AXIAP | $10.74 | $9.65 | -10% |
| VERBUND AG OEWA | €58.65 | €66.19 | +13% |
| BEP BEP | $32.33 | $73.35 | +127% |
| BEPUN BEPUN | C$44.56 | C$10.15 | -77% |
| Fortum Oyj FORTUM | €19.89 | €13.90 | -30% |
| China Longyuan Power Group 001289 | ¥16.21 | ¥8.23 | -49% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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