Northland Power (TSX:NPI) Construction In Progress: C$149 Mil (As of Mar. 2026)


TSX:NPI Northland Power Inc TSX:NPI
68 GF Score
Price C$22.08
GF Value C$24.14
Valuation Fairly Valued
! 7 Warning Signs
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What is Northland Power Construction In Progress?

Northland Power TSX:NPI -0.85% 68 Construction In Progress is C$149 Mil as of Mar. 2026. GuruFocus rates TSX:NPI with a GF Score™ of 68/100 and a GF Value™ of C$24.14 (Fairly Valued). The stock has 7 warning signs investors should review.

Northland Power's quarterly construction in progress increased from Sep. 2025 (C$121 Mil) to Dec. 2025 (C$137 Mil) and increased from Dec. 2025 (C$137 Mil) to Mar. 2026 (C$149 Mil).

Northland Power's annual construction in progress increased from Dec. 2023 (C$218 Mil) to Dec. 2024 (C$671 Mil) but then declined from Dec. 2024 (C$671 Mil) to Dec. 2025 (C$137 Mil).

Northland Power Construction In Progress Historical Data

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The historical data trend for Northland Power's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Northland Power Construction In Progress Chart

Northland Power Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 622.19 841.30 217.69 671.39 136.90

Northland Power Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 687.58 85.38 121.48 136.90 149.05
TSX:NPI
68GF Score
Northland Power Inc TSX:NPI
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Northland Power Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of C$149 Mil mean?
Northland Power (TSX:NPI) has a Construction In Progress of C$149 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Northland Power and its competitors.
Is Northland Power's Construction In Progress too high?
Northland Power's current Construction In Progress is C$149 Mil. Overall, Northland Power has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northland Power's Construction In Progress compare to competitors?
Northland Power's Construction In Progress of C$149 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Utilities - Independent Power Producers company?
A good Construction In Progress depends on the Utilities - Independent Power Producers industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Northland Power and its competitors. Northland Power's current Construction In Progress is C$149 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northland Power stock overvalued right now?
Based on GuruFocus' analysis, Northland Power (TSX:NPI) is currently considered Fairly Valued. The stock's GF Value™ is C$24.14, compared to a current price of C$22.08 — trading 8.5% below its estimated fair value. The current Construction In Progress is C$149 Mil. Northland Power's overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Northland Power (TSX:NPI), the current Construction In Progress is C$149 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Northland Power (TSX:NPI) Overvalued in 2026?

Based on GuruFocus' analysis, Northland Power stock appears to be undervalued. The current stock price of C$22.08 is trading 8.5% below its estimated GF Value™ of C$24.14. GuruFocus considers Northland Power to be Fairly Valued.

Key valuation signals for TSX:NPI:

  • Construction In Progress: C$149 Mil
  • GF Value™: C$24.14 vs. price of C$22.08 (8.5% below fair value)
  • GF Score™: 68/100 with 7 warning signs

No single metric tells the full story. See the TSX:NPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Northland Power Business Description

Address 30 St. Clair Avenue West, 3rd Floor, Toronto, ON, CAN, M4V 3A1
Northland Power develops, constructs, and operates sustainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.
68GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$22.08
Price
C$24.14
GF Value