Northland Power (TSE:NPI – Free Report) had its target price reduced by Desjardins from C$29.00 to C$27.00 in a research note released on Tuesday, BayStreet.CA reports. They currently have a buy rating on the solar energy provider’s stock.
A number of other research analysts have also weighed in on NPI. CIBC decreased their price target on shares of Northland Power from C$30.00 to C$29.00 and set an outperform rating on the stock in a research note on Friday, April 19th. National Bankshares raised their target price on Northland Power from C$32.00 to C$34.00 and gave the company an outperform rating in a research report on Tuesday, January 9th. BMO Capital Markets lowered their price target on Northland Power from C$31.00 to C$30.00 and set an outperform rating on the stock in a research note on Thursday, February 22nd. Finally, Raymond James downgraded Northland Power from a strong-buy rating to an outperform rating and reduced their price objective for the company from C$32.00 to C$30.00 in a research note on Thursday, April 25th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of Buy and an average price target of C$31.79.
Read Our Latest Research Report on NPI
Northland Power Stock Up 1.2 %
Northland Power (TSE:NPI – Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) EPS for the quarter, missing the consensus estimate of C$0.43 by C($0.92). The company had revenue of C$626.22 million during the quarter, compared to analysts’ expectations of C$614.15 million. Northland Power had a negative return on equity of 2.09% and a negative net margin of 7.85%. Analysts predict that Northland Power will post 1.1793651 earnings per share for the current fiscal year.
Northland Power Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.20 annualized dividend and a dividend yield of 5.55%. Northland Power’s payout ratio is -166.67%.
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.
Further Reading
- Five stocks we like better than Northland Power
- How to invest in blue chip stocks
- Appleās Earnings Show Investors Its Strength and Its Weakness
- Basic Materials Stocks Investing
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
- How to Use the MarketBeat Dividend Calculator
- DraftKings Q1: Strong Customer Acquisition and Product Innovation
Receive News & Ratings for Northland Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northland Power and related companies with MarketBeat.com's FREE daily email newsletter.