FY2025 EPS Estimate for Northland Power Reduced by Analyst

Northland Power Inc. (TSE:NPI - Free Report) - Equities research analysts at Atb Cap Markets dropped their FY2025 earnings per share (EPS) estimates for shares of Northland Power in a research report issued on Thursday, July 17th. Atb Cap Markets analyst N. Heywood now expects that the solar energy provider will earn $1.03 per share for the year, down from their prior estimate of $1.07.

Other equities analysts also recently issued research reports about the company. National Bank Financial raised Northland Power to a "strong-buy" rating in a research report on Sunday, June 8th. Scotiabank raised Northland Power from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$25.00 to C$26.00 in a research report on Thursday, May 22nd. CIBC raised their price objective on Northland Power from C$28.00 to C$29.00 in a research report on Monday. Finally, Cormark downgraded Northland Power from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Northland Power currently has a consensus rating of "Buy" and a consensus price target of C$27.25.

Northland Power Stock Down 0.7%

Shares of NPI traded down C$0.16 during midday trading on Monday, reaching C$23.32. 421,870 shares of the stock were exchanged, compared to its average volume of 932,643. Northland Power has a 52 week low of C$16.14 and a 52 week high of C$24.25. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28. The company's 50 day moving average is C$21.44 and its two-hundred day moving average is C$19.52. The company has a market capitalization of C$6.12 billion, a P/E ratio of -42.72, a PEG ratio of 0.71 and a beta of 0.47.

Northland Power Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend is Thursday, July 31st. Northland Power's dividend payout ratio (DPR) is -219.84%.

Northland Power Company Profile

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.