Northland Power Inc. (TSE:NPI – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$21.74 and traded as high as C$22.13. Northland Power shares last traded at C$22.00, with a volume of 435,575 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Desjardins cut their target price on Northland Power from C$23.00 to C$22.00 and set a “hold” rating on the stock in a research note on Wednesday, July 22nd. ATB Cormark Capital Markets lifted their price target on Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. TD Securities upgraded Northland Power from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th. Finally, TD upgraded Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 price objective for the company in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$24.90.
View Our Latest Research Report on Northland Power
Northland Power Stock Up 0.2%
The firm has a market capitalization of C$5.74 billion, a P/E ratio of -39.20, a PEG ratio of 0.71 and a beta of 0.59. The company has a debt-to-equity ratio of 164.38, a quick ratio of 1.23 and a current ratio of 1.04. The stock has a 50 day moving average of C$21.72 and a 200-day moving average of C$21.76.
Northland Power (TSE:NPI – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The solar energy provider reported C($0.24) EPS for the quarter. The business had revenue of C$512.21 million for the quarter. Northland Power had a negative net margin of 5.48% and a negative return on equity of 3.46%.
Northland Power Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 16th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, October 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.3%. Northland Power’s dividend payout ratio is currently -164.29%.
About Northland Power
Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.
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