Northland Power Inc. (TSE:NPI - Free Report) - Equities research analysts at Cormark dropped their FY2025 EPS estimates for Northland Power in a report issued on Thursday, January 23rd. Cormark analyst N. Boychuk now expects that the solar energy provider will earn $0.91 per share for the year, down from their prior forecast of $1.00.
Several other brokerages also recently weighed in on NPI. CIBC lowered their price target on Northland Power from C$31.00 to C$29.00 in a report on Wednesday, January 8th. Raymond James raised Northland Power to a "moderate buy" rating in a research report on Friday, November 15th. Finally, National Bankshares cut their price objective on Northland Power from C$35.00 to C$34.00 in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$29.71.
Check Out Our Latest Analysis on NPI
Northland Power Stock Down 2.2 %
Shares of NPI traded down C$0.39 during midday trading on Friday, hitting C$17.52. 1,383,486 shares of the company's stock traded hands, compared to its average volume of 1,079,465. The firm's fifty day moving average is C$18.91 and its 200-day moving average is C$21.15. Northland Power has a 1 year low of C$17.50 and a 1 year high of C$25.36. The stock has a market capitalization of C$4.51 billion, a price-to-earnings ratio of 73.00, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53.
Northland Power Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be issued a $0.10 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 6.85%. Northland Power's payout ratio is 500.00%.
About Northland Power
(
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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.
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