Northland Power (NPI) Stock Price, News & Analysis

Company Overview

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. It owned or had an economic interest 3.4 gigawatts of operating generating capacity. The company was founded in 1987 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$19.94 to C$20.15
• 50-Day Range: C$19.78 to C$23.46
• 52-Week Range: C$19.09 to C$25.36
• Volume: 14,740 shs
• Average Volume: 1.12 million shs
• Market Capitalization: C$5.16 billion
• P/E Ratio: 83.42
• Dividend Yield: 5.99%
• Price Target: C$30.14
• Consensus Rating: Moderate Buy

Northland Power Stock Analysis - MarketRank™

Northland Power scored higher than 81% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Northland Power has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Northland Power has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Northland Power is 83.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Northland Power is 83.33, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 98.43.

Price to Earnings Growth Ratio

Northland Power has a PEG Ratio of 0.71. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Northland Power has a P/B Ratio of 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for NPI.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Northland Power is a leading dividend payer. It pays a dividend yield of 5.38%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Northland Power does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Northland Power is 500.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for NPI.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.24

News Sentiment

Northland Power has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Northland Power this week, compared to 2 articles on an average week.

Search Interest

13 people have searched for NPI on MarketBeat in the last 30 days. This is an increase of 117% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Northland Power to their MarketBeat watchlist in the last 30 days. This is a decrease of -91% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Northland Power insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$13,441.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

Only 0.09% of the stock of Northland Power is held by insiders.

Percentage Held by Institutions

49.35% of the stock of Northland Power is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NPI Stock Analysis - Frequently Asked Questions

How have NPI shares performed this year?

Northland Power's stock was trading at C$24.07 at the beginning of 2024. Since then, NPI shares have decreased by 16.9% and is now trading at C$20.00.
View the best growth stocks for 2024 here.

How do I buy shares of Northland Power?

Shares of NPI stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Northland Power own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Northland Power investors own include Enbridge (ENB), Bank of Nova Scotia (BNS), TELUS (T), Algonquin Power & Utilities (AQN), Toronto-Dominion Bank (TD), NVIDIA (NVDA) and Royal Bank of Canada (RY).

Company Calendar

• Ex-Dividend for 11/15 Dividend: 10/31/2024
• Dividend Payable: 11/15/2024
• Today: 11/21/2024
• Ex-Dividend for 12/16 Dividend: 11/29/2024
• Dividend Payable: 12/16/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Utilities
• Industry: Utilities - Renewable
• Sub-Industry: N/A
• Current Symbol: TSE:NPI
• CUSIP: N/A
• CIK: N/A
• Web: www.northlandpower.ca
• Phone: +1-416-9626262
• Fax: N/A
• Employees: 1,150
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$30.14
• High Stock Price Target: C$35.00
• Low Stock Price Target: C$28.00
• Potential Upside/Downside: +50.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.24
• Trailing P/E Ratio: 83.33
• Forward P/E Ratio: N/A
• P/E Growth: 0.71
• Net Income: C$66.05 million
• Net Margins: 2.98%
• Pretax Margin: N/A
• Return on Equity: 3.95%
• Return on Assets: 3.96%

Debt

• Debt-to-Equity Ratio: 166.53
• Current Ratio: 0.86
• Quick Ratio: 1.23

Sales & Book Value

• Annual Sales: C$2.42 billion
• Price / Sales: 2.13
• Cash Flow: C$3.46 per share
• Price / Cash Flow: 5.79
• Book Value: C$16.20 per share
• Price / Book: 1.23

Miscellaneous

• Outstanding Shares: 257,650,000
• Free Float: N/A
• Market Cap: C$5.15 billion
• Optionable: Not Optionable
• Beta: 0.47