Scotiabank upgraded shares of Northland Power (TSE:NPI – Free Report) to a hold rating in a research report sent to investors on Thursday, Zacks.com reports.
Other equities research analysts also recently issued reports about the company. Raymond James downgraded Northland Power from a strong-buy rating to an outperform rating and dropped their target price for the company from C$32.00 to C$30.00 in a report on Thursday, April 25th. Desjardins cut their price target on Northland Power from C$29.00 to C$27.00 and set a buy rating on the stock in a research note on Tuesday, April 30th. CIBC increased their price objective on shares of Northland Power from C$29.00 to C$30.00 and gave the company an outperform rating in a research note on Friday. BMO Capital Markets cut their target price 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, TD Securities increased their price objective on shares of Northland Power from C$27.00 to C$28.00 and gave the company a buy rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$31.96.
Check Out Our Latest Analysis on NPI
Northland Power Price Performance
Northland Power (TSE:NPI – Get Free Report) last released its earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 7.85% and a negative return on equity of 2.09%. On average, sell-side analysts anticipate that Northland Power will post 1.2723005 earnings per share for the current year.
Northland Power Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Friday, May 31st. Northland Power’s dividend payout ratio is currently -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.
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