FY2024 EPS Forecast for Northland Power Decreased by Analyst

Northland Power Inc. (TSE:NPI - Free Report) - Investment analysts at National Bank Financial dropped their FY2024 earnings per share estimates for Northland Power in a research report issued to clients and investors on Tuesday, January 14th. National Bank Financial analyst R. Merer now forecasts that the solar energy provider will post earnings per share of $0.69 for the year, down from their prior forecast of $0.79. National Bank Financial also issued estimates for Northland Power's FY2025 earnings at $1.64 EPS.

Other equities analysts have also issued reports about the stock. National Bankshares cut their price objective on shares of Northland Power from C$35.00 to C$34.00 in a report on Wednesday. CIBC dropped their target price on shares of Northland Power from C$31.00 to C$29.00 in a research report on Wednesday, January 8th. Finally, Raymond James raised shares of Northland Power to a "moderate buy" rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$29.71.

Northland Power Stock Up 4.4 %

Shares of TSE NPI traded up C$0.80 during midday trading on Thursday, hitting C$18.94. 2,533,795 shares of the company's stock were exchanged, compared to its average volume of 986,439. The firm's fifty day simple moving average is C$19.20 and its 200-day simple moving average is C$21.39. The company has a market cap of C$4.88 billion, a PE ratio of 78.92, a P/E/G ratio of 0.71 and a beta of 0.47. Northland Power has a twelve month low of C$17.68 and a twelve month high of C$25.36. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23.

Northland Power Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were given a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.20 annualized dividend and a yield of 6.34%. Northland Power's dividend payout ratio (DPR) is 500.00%.

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.