Analysts Offer Predictions for Northland Power Q4 Earnings

Northland Power Inc. (TSE:NPI - Free Report) - Analysts at Atb Cap Markets raised their Q4 2024 earnings per share (EPS) estimates for shares of Northland Power in a note issued to investors on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now expects that the solar energy provider will post earnings of $0.31 per share for the quarter, up from their prior estimate of $0.30.

Several other research analysts also recently weighed in on the company. Raymond James upgraded Northland Power to a "moderate buy" rating in a research note on Friday, November 15th. Scotiabank dropped their price target on Northland Power from C$28.00 to C$25.00 in a research report on Thursday, January 30th. Cormark decreased their price target on Northland Power from C$25.00 to C$23.50 in a research note on Thursday, January 30th. National Bankshares reduced their price objective on Northland Power from C$34.00 to C$32.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, CIBC dropped their price objective on Northland Power from C$31.00 to C$29.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Northland Power currently has a consensus rating of "Moderate Buy" and a consensus price target of C$28.31.

Northland Power Stock Performance

Shares of Northland Power stock traded down C$0.07 during trading hours on Monday, reaching C$17.23. 782,158 shares of the stock traded hands, compared to its average volume of 1,129,306. The company has a 50 day moving average price of C$18.02 and a 200 day moving average price of C$20.45. The firm has a market capitalization of C$4.52 billion, a price-to-earnings ratio of -31.57, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28. Northland Power has a one year low of C$16.14 and a one year high of C$24.88.

Northland Power Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.96%. The ex-dividend date of this dividend is Friday, January 31st. Northland Power's dividend payout ratio (DPR) is presently -219.84%.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.