Northland Power, Inc. (OTCMKTS:NPIFF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Northland Power, Inc. (OTCMKTS:NPIFF) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

A number of research analysts have recently issued reports on the stock. CIBC restated an “outperform” rating on shares of Northland Power in a research report on Friday, November 21st. Desjardins cut shares of Northland Power to a “hold” rating in a report on Friday, November 14th. Scotiabank restated a “sector perform” rating on shares of Northland Power in a research note on Friday, November 21st. TD Securities lowered Northland Power from a “buy” rating to a “hold” rating in a research report on Friday, November 21st. Finally, National Bankshares restated an “outperform” rating on shares of Northland Power in a research note on Wednesday, December 3rd.

Northland Power Stock Performance

Shares of NPIFF opened at $14.08 on Wednesday. The business’s fifty day moving average price is $12.88 and its 200 day moving average price is $15.36. Northland Power has a 12-month low of $11.04 and a 12-month high of $18.44. The stock has a market capitalization of $3.68 billion and a PE ratio of -17.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.03 and a quick ratio of 1.03.

Northland Power Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.0714 dividend. This represents a yield of 744.0%. The ex-dividend date was Friday, November 28th. Northland Power’s dividend payout ratio (DPR) is currently -64.20%.

Northland Power Company Profile

Northland Power Inc is a Canadian developer, owner and operator of power generation facilities, with a focus on clean and green energy. The company’s portfolio encompasses natural gas–fired, wind, solar and thermal projects, and its operations span from onshore and nearshore facilities in Canada to offshore wind farms in Europe. Northland Power is structured to manage all stages of a project’s lifecycle, from early-stage development and financing through construction and long-term operation.

In Canada, Northland Power operates a mix of combined-cycle gas turbines and peaking plants, as well as solar installations, serving industrial and municipal customers under long-term contracts.