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Northland Power Reports Fourth Quarter 2025 Results and 2026 Financial Outlook
Globenewswire· 2026-02-26 00:10
Core Insights - Northland Power Inc. reported financial results for the year ended December 31, 2025, highlighting a strategic focus on maximizing long-term shareholder value through a five-year plan and growth initiatives in Canada and Europe [3][6][39]. Financial Performance - In Q4 2025, Northland achieved an Adjusted EBITDA of $1.25 billion, aligning with financial guidance, and Free Cash Flow of $1.46 per share, exceeding expectations [6][12]. - Full-year 2025 revenue from energy sales increased to $2.43 billion from $2.35 billion in 2024, while net income decreased to a loss of $108 million due to a significant impairment expense [12][30]. - Q4 2025 revenue from energy sales was $723 million, up from $572 million in Q4 2024, with net income rising to $290 million from $150 million in the same quarter of the previous year [12][30]. Operational Highlights - The operating fleet availability in Q4 2025 was 96%, with offshore wind assets in Germany achieving record production [4][6]. - Northland is advancing two major offshore wind projects: the 1.0 GW Hai Long project, with 37 out of 73 turbines installed, and the 1.1 GW Baltic Power project, which is on track for commercial operations in the second half of 2026 [7][8][39]. Strategic Developments - A new global strategy was introduced, targeting a doubling of gross operating capacity to 7 GW by 2030, with a focus on cost efficiency and high-quality opportunities [6][8]. - Northland expanded its battery energy storage system pipeline with two late-stage pre-construction projects in Poland, totaling 300 MW / 1.2 GWh [6][8]. Future Outlook - For 2026, Northland expects Adjusted EBITDA to be between $1.45 billion and $1.65 billion, with Free Cash Flow projected at $1.05 to $1.25 per share [41][42]. - The anticipated contributions from the Hai Long and Baltic Power projects are expected to enhance revenue generation, with Hai Long projected to reach commercial operations in 2027 [40][41].
ROSEN, LEADING INVESTOR RIGHTS COUNSEL, Encourages Enphase Energy, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ENPH
Globenewswire· 2026-02-26 00:06
Core Viewpoint - A class action lawsuit has been filed against Enphase Energy, Inc. for allegedly making false and misleading statements regarding its financial and operational prospects during the Class Period from April 22, 2025, to October 28, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Enphase overstated its ability to manage channel inventory and mitigate the effects of the termination of the Residential Clean Energy Credit, leading to materially false public statements [5]. - Investors who purchased Enphase securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Participation Information - Interested parties can join the class action by visiting the provided link or contacting the law firm directly for more information [3][6]. - A lead plaintiff must be appointed by April 20, 2026, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [4]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors [4].
ROSEN, LEADING INVESTOR RIGHTS COUNSEL, Encourages Enphase Energy, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - ENPH
TMX Newsfile· 2026-02-26 00:00
New York, New York--(Newsfile Corp. - February 25, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Enphase Energy, Inc. (NASDAQ: ENPH) between April 22, 2025 and October 28, 2025, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 20, 2026.SO WHAT: If you purchased Enphase securities during the Class Period ...
ENPH CLASS ACTION REMINDER: Faruqi & Faruqi, LLP Reminds Enphase (ENPH) Investors of Securities Class Action Deadline on April 20, 2026
Globenewswire· 2026-02-25 21:20
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Enphase To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Enphase between April 22, 2025 and October 28, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Faruqi ...
Ormat Technologies Reports Fourth Quarter and Year-End 2025 Financial Results
Globenewswire· 2026-02-25 21:05
STRONG FINANCIAL PERFORMANCE, STRATEGIC PORTFOLIO EXPANSION, AND NEW LONG-TERM PPAS, SUPPORT LONG-TERM GROWTH TARGETS HIGHLIGHTS TOTAL REVENUES FOR THE FULL-YEAR AND FOURTH QUARTER INCREASED 12.5% AND 19.6%, RESPECTIVELY, COMPARED TO 2024LONG-TERM PPA AGREEMENTS SIGNED WITH GOOGLE AND SWITCHADVANCING ENHANCED GEOTHERMAL SYSTEMS (EGS) THROUGH SLB JOINT VENTURE AND SAGE INVESTMENT AND COOPERATION AGREEMENTORMAT ANNOUNCES FULL YEAR 2026 OUTLOOK AND GROWTH EXPECTATIONS RENO, Nev., Feb. 25, 2026 (GLOBE NEWSWIRE ...
Avangrid and Xcel Energy Extend Offtake Agreement for 150 MW Power Project in the Midwest
Businesswire· 2026-02-25 15:55
Justin Tomljanovic, senior vice president, Corporate Finance and Strategic Growth at Xcel Energy. "We value working with Avangrid and share a common goal to support the local economy and help the community thrive.†MinnDakota is a 150 MW wind energy project located on the Minnesota-South Dakota border. Two-thirds of the project is located in Lincoln County, Minnesota, with the remainder located in Brookings County, South Dakota. It supports 9 full-time jobs in the community for operation and maintenance. S ...
US stock market today: Wall Street opens higher as investors await Nvidia earnings
The Times Of India· 2026-02-25 15:06
Representative imageThe Dow Jones Industrial Average rose 183.1 points, or 0.37%, to 49,357.63 at the open. The S&P 500 gained 25.1 points, or 0.36%, to 6,915.15, while the Nasdaq Composite advanced 141.3 points, or 0.62%, to 23,005.008.Nvidia remains at the centre of the AI-driven market narrative, with its chips playing a pivotal role in the ongoing surge in artificial intelligence investments. The company has become one of the most influential stocks on Wall Street.Analysts are projecting another strong ...
GREEN RAIN ENERGY HOLDINGS (OTCID: GREH) Provides Corporate Update: Finalized Special Stock Dividend, Voluntary Stock Buyback Program, and Strategic Growth Initiatives
Prnewswire· 2026-02-25 14:00
GREEN RAIN ENERGY HOLDINGS (OTCID: GREH) Provides Corporate Update: Finalized Special Stock Dividend, Voluntary Stock Buyback Program, and Strategic Growth Initiatives [Accessibility Statement] Skip NavigationBEVERLY HILLS, Calif., Feb. 25, 2026 /PRNewswire/ -- Green Rain Energy Holdings (OTCID: GREH) ("Green Rain Energy," "GREH," or the "Company") is pleased to provide shareholders with a significant corporate update highlighting strategic actions designed to strengthen shareholder alignment, optimize the ...
Enphase Energy, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before April 20, 2026 to Discuss Your Rights - ENPH
Prnewswire· 2026-02-25 14:00
Enphase Energy, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before April 20, 2026 to Discuss Your Rights - ENPH [Accessibility Statement] Skip NavigationNEW YORK, Feb. 25, 2026 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Enphase Energy, Inc. ("Enphase Energy, Inc." or the "Company") (NASDAQ: ENPH) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Enphase Energy, Inc. investors who were adversely affected b ...
Zelestra initiates construction of 242MWdc solar plant in Peru
Yahoo Finance· 2026-02-25 13:52
Core Insights - Zelestra has commenced construction on the Babilonia solar facility, a 242MWdc project in Arequipa, Peru, as part of the larger La Joya solar complex, which aims for nearly 700MWdc total capacity [1][2] - The project is backed by a long-term power purchase agreement (PPA) with Celepsa, ensuring a reliable energy supply for various clients in Peru [2][4] - The facility will utilize 394,000 bifacial solar panels and is expected to start commercial operations in the first half of 2027, generating renewable energy for approximately 350,000 homes [3] Company and Industry Developments - The construction of the Babilonia facility is projected to create over 500 jobs, primarily sourced from the local workforce, contributing to economic development [3] - Zelestra's CEO emphasized Peru as a key market, highlighting the company's commitment to large-scale, reliable energy projects that support the energy transition and local communities [4] - The La Joya complex includes the San Martín solar project, operational since 2025, which is Peru's largest solar installation at 300MW, with an additional 125MW project also in progress [2]