Northland Power (NPIFF) Projected to Post Quarterly Earnings on Wednesday

Northland Power (OTCMKTS:NPIFF) is expected to be announcing its results after the market closes on Wednesday, February 25th. Analysts expect the company to announce earnings of $0.3380 per share and revenue of $484.5840 million for the quarter.

Northland Power Stock Performance

Shares of Northland Power stock opened at $14.56 on Tuesday. The business has a 50-day moving average price of $13.61 and a two-hundred day moving average price of $15.03. Northland Power has a 1-year low of $11.43 and a 1-year high of $18.44. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.49. The company has a market cap of $3.81 billion and a P/E ratio of -17.98.

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 paid a dividend of $0.0714 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 744.0%. Northland Power’s dividend payout ratio (DPR) is currently -64.20%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NPIFF shares. TD Securities downgraded Northland Power from a “buy” rating to a “hold” rating in a report on Friday, November 21st. Scotiabank reaffirmed a “sector perform” rating on shares of Northland Power in a research report on Friday, November 21st. National Bank Financial reiterated an “outperform” rating on shares of Northland Power in a research report on Wednesday, December 3rd. Royal Bank Of Canada restated an “outperform” rating on shares of Northland Power in a report on Friday, November 14th. Finally, Desjardins downgraded shares of Northland Power to a “hold” rating in a research note on Friday, November 14th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northland Power has an average rating of “Moderate Buy”.

About Northland Power

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.