Edition:
India

Northland Power Inc (NPI.TO)

NPI.TO on Toronto Stock Exchange

24.27CAD
23 May 2018
Change (% chg)

$0.33 (+1.38%)
Prev Close
$23.94
Open
$24.14
Day's High
$24.37
Day's Low
$24.10
Volume
262,542
Avg. Vol
319,747
52-wk High
$24.76
52-wk Low
$21.35

Latest Key Developments (Source: Significant Developments)

Northland Power Announces Retirement Of CEO
Wednesday, 23 May 2018 

May 22 (Reuters) - Northland Power Inc ::NORTHLAND POWER ANNOUNCES RETIREMENT OF CEO JOHN BRACE AND APPOINTMENT OF MIKE CRAWLEY AS CHIEF EXECUTIVE OFFICER, EFFECTIVE AUGUST 4, 2018.BRACE WILL CONTINUE TO SERVE AS A DIRECTOR OF NORTHLAND.  Full Article

Northland Power Renews Preliminary Base Shelf Prospectus
Wednesday, 16 May 2018 

May 15 (Reuters) - Northland Power Inc ::NORTHLAND POWER RENEWS PRELIMINARY BASE SHELF PROSPECTUS.FILED A PRELIMINARY SHORT FORM BASE SHELF PROSPECTUS WHICH WILL REPLACE NORTHLAND'S EXPIRING $500 MILLION BASE SHELF PROSPECTUS.THE FILING WILL ENABLE CO TO OFFER UPTO $1 BILLION OF DEBENTURES, PREFERRED SHARES, SHARES,SUBSCRIPTION RECEIPTS OVER A 25-MONTH PERIOD.  Full Article

Northland Power Reports Qtrly Basic Earnings Per Share $0.61
Thursday, 10 May 2018 

May 9 (Reuters) - Northland Power Inc ::NORTHLAND POWER REPORTS STRONG FIRST QUARTER RESULTS WITH FREE CASH FLOW UP 256% AND ADJUSTED EBITDA UP 47%.Q1 SALES C$486.4 MILLION VERSUS I/B/E/S VIEW C$401.8 MILLION.QTRLY BASIC EARNINGS PER SHARE $0.61.QTRLY BASIC FREE CASH FLOW PER SHARE $0.84.CONTINUES TO EXPECT ADJUSTED EBITDA IN 2018 TO BE IN RANGE OF $860 TO $930 MILLION.CONTINUES TO EXPECT FREE CASH FLOW PER SHARE IN 2018 TO BE IN RANGE OF $1.70 TO $2.00.  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

Northland Power gives update on global adjustment litigation
Tuesday, 16 Aug 2016 

Northland Power Inc : Northland power provides update on global adjustment litigation . Ontario electricity financial corporation has brought a motion to ontario court of appeal regarding retroactive payments . Northland power inc says "intends to oppose motion" . Motion seeks to set aside or vary order of that court, dismissing oefc's motion for a stay of portion of superior court's global adjustment decision .Expects to include retroactive payments in income when received..  Full Article

Northland Power says Ontario court rules in favor of company; denies OEFC's application
Saturday, 6 Aug 2016 

Northland Power Inc : Northland Power Inc says Ontario Court of appeal has issued its decision in respect of application brought by Ontario Electricity Financial Corporation . Says court of appeal has ruled in favour of Northland and denied OEFC's application for a stay of retroactive payments .Northland Power says Northland applicants are entitled to receive retroactive payments, of which Northland's share totals approximately $95 million.  Full Article

Northland Power reaches settlement with contractor H.B. White
Thursday, 7 Jul 2016 

Northland Power Inc : Northland reaches settlement with contractor H.B. White . Says all of HBWC's liens and filed claims relating to Northland's projects will be released . Says settlement concerning five ground-mounted solar projects located in and around Cochrane and Burks Falls West . H.B. White says has filed court application for Creditor Protection Under Companies' Creditors Arrangement Act in Ontario . Says all ongoing arbitration between HBWC and Northland has been suspended pending outcome of CCAA proceeding .Says entered into agreements with H.B. White Canada Corp. and certain HBWC affiliates.  Full Article

BRIEF-Northland Power Reports Qtrly Basic Earnings Per Share $0.61

* NORTHLAND POWER REPORTS STRONG FIRST QUARTER RESULTS WITH FREE CASH FLOW UP 256% AND ADJUSTED EBITDA UP 47%