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

BY MT Newswires | ECONOMIC | 10:51 AM EDT

10:51 AM EDT, 05/15/2026 (MT Newswires) -- 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

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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