Northland Power (OTCMKTS:NPIFF) Trading Down 0.4% - Here's Why

Key Points

• Northland Power shares experienced a slight decline of 0.4%, trading at $16.23 with a significant drop in trading volume, down 75% from the average.
• Analysts have a generally positive outlook with three rating the stock as a Buy, and Scotiabank upgrading it to an outperform rating.
• The company recently cut its dividend, declaring a payout of $0.0726 per share with a staggering yield of 550.0%, despite a negative payout ratio of -275.23%.

Northland Power, Inc. (OTCMKTS:NPIFF - Get Free Report) shares traded down 0.4% during trading on Monday . The stock traded as low as $16.07 and last traded at $16.23. 21,491 shares were traded during mid-day trading, a decline of 75% from the average session volume of 85,155 shares. The stock had previously closed at $16.30.

Analyst Upgrades and Downgrades

NPIFF has been the topic of several research analyst reports. Scotiabank raised Northland Power from a "sector perform" rating to an "outperform" rating in a research note on Thursday, May 15th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Northland Power in a research note on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

Northland Power Trading Down 0.4%

The firm has a 50-day moving average of $16.32 and a 200 day moving average of $14.78. The stock has a market capitalization of $4.24 billion and a price-to-earnings ratio of -95.46.

Northland Power Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be given a dividend of $0.0726 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a yield of 550.0%. Northland Power's payout ratio is -275.23%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.