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Northland Power Inc (NPI.TO)

NPI.TO on Toronto Stock Exchange

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16 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Northland Power Reports Q1 Net Income Of C$0.78
Thursday, 9 May 2019 

May 8 (Reuters) - Northland Power Inc ::NORTHLAND POWER REPORTS FIRST QUARTER 2019 RESULTS.Q1 SALES C$499 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$458.2 MILLION.QTRLY NET INCOME C$0.78.  Full Article

Northland Power Announces $750 Mln Secondary Offering Of Common Shares
Monday, 18 Mar 2019 

March 18 (Reuters) - Northland Power Inc ::NORTHLAND POWER ANNOUNCES $750 MILLION SECONDARY OFFERING OF COMMON SHARES.SAYS OFFERING PRICED AT C$23.35PER SHARE.ENTERED INTO AN AGREEMENT WITH NORTHLAND AND A SYNDICATE OF UNDERWRITERS LED BY CIBC CAPITAL MARKETS.UNDERWRITERS HAVE AGREED TO PURCHASE ON A BOUGHT DEAL BASIS AN AGGREGATE OF 32,120,000 COMMON SHARES OF CO.  Full Article

Northland Power ‍Sales Increased From $1.1 bln In 2016 To $1.4 bln In 2017​
Friday, 23 Feb 2018 

Feb 22 (Reuters) - Northland Power Inc ::NORTHLAND POWER DELIVERS EXCELLENT 2017 RESULTS WITH GROSS PROFIT UP 37% AND ADJUSTED EBITDA UP 22%.‍SALES INCREASED 25% FROM $1.1 BILLION IN 2016 TO $1.4 BILLION IN 2017​.‍IN 2018, MANAGEMENT EXPECTS ADJUSTED EBITDA TO BE IN RANGE OF $860 TO $930 MILLION​.‍IN 2018, MANAGEMENT EXPECTS FREE CASH FLOW PER SHARE TO BE IN RANGE OF $1.70 TO $2.00 PER SHARE​.QTRLY SALES $394.6 MILLION VERSUS $478.5 MILLION ‍​.  Full Article

Northland Power reports Q3 sales C$295.2 mln
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Northland Power Inc :Q3 sales C$295.2 million .Northland Power reports 23% higher third quarter gross profit and 13% higher adjusted EBITDA.Q3 revenue view C$291.7 million -- Thomson Reuters I/B/E/S.‍Continues to expect adjusted EBITDA in 2017 to be in range of $710 million to $750 million.‍Continues to expect free cash flow per share to be in range of $1.18 to $1.30 per share in 2017​.‍Board plans to increase co's dividend for first dividend payable in January 2018 by 11% to $0.10 per share monthly​.  Full Article

MHI Vestas gets offshore wind order for 32 turbines in Germany
Monday, 21 Aug 2017 

Aug 21 (Reuters) - MHI Vestas, a offshore wind joint venture between Vestas and Mitsubishi Heavy Industries<7011.T> said: :To supply 31 units of the V164-8.0 MW wind turbine for the 252 MW Deutsche Bucht project in Germany.Received the order from Northland Power Inc. last Friday, when the company announced that the €1.3 billion ($1.53 billion) Deutsche Bucht project has reached financial close.DeBu is Northland's third offshore wind project, which once completed, is expected to generate enough energy to meet the needs of over 178,000 households.  Full Article

German utilities' plans for new capacity

FRANKFURT, April 1 The table below details the building plans of Germany's power plant owners and operators, based on information gathered by industry association BDEW and presented at the annual Hannover industrial fair on Monday. BDEW, which mainly represents power-generating utilities, said it knew of 64 units being planned, but only 10 plants were under construction, including 600 megawatts (MW) of gas plant capacity. It asked for incentives for gas-fired