- Northland Power‘s adjusted EBITDA for the second quarter was C$245.3 million, which is an 8.5% decrease compared to the previous year and below the estimated figure of C$261.8 million.
- Sales reached C$509.1 million, representing a 3.8% decrease year-over-year, and also fell short of the expected C$528.4 million.
- The company posted a net loss of C$53.1 million, a significant downturn from a net profit of C$262.4 million in the previous year.
- The lower performance was attributed to below-average wind levels in Europe during the quarter.
- Despite these challenges, Northland Power achieved 95% commercial availability, indicating strong operational efficiency.
- Analyst recommendations for Northland Power include 11 buys, 3 holds, and no sells, reflecting a generally positive outlook.
A look at Northland Power Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Northland Power, a leading energy company with operations in Canada, the United States, and Germany, is positioned favorably for long-term growth. According to Smartkarma Smart Scores, the company excels in areas such as value, dividend yield, and momentum, indicating a strong overall outlook. With a focus on clean energy generation from sources like natural gas, solar, wind, and biomass, Northland Power is well-positioned to capitalize on the increasing demand for sustainable energy solutions.
Despite facing average scores in growth and resilience factors, Northland Power‘s emphasis on innovation and development of new power generation projects highlights its commitment to future expansion. This positive momentum, coupled with solid financial performance and a strong dividend track record, suggests a promising outlook for Northland Power in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
