Shares of Northland Power Inc. (TSE:NPI - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$20.70 and traded as high as C$23.62. Northland Power shares last traded at C$23.28, with a volume of 1,083,835 shares.
Wall Street Analysts Forecast Growth
A number of research firms have commented on NPI. Desjardins boosted their price target on shares of Northland Power from C$23.00 to C$24.00 and gave the stock a "hold" rating in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce boosted their price target on shares of Northland Power from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a research note on Friday, March 27th. Finally, TD Securities boosted their price target on shares of Northland Power from C$21.00 to C$23.00 and gave the stock a "hold" rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Northland Power has an average rating of "Moderate Buy" and an average price target of C$23.63.
Check Out Our Latest Stock Analysis on NPI
Northland Power Price Performance
The business's 50-day simple moving average is C$22.66 and its 200-day simple moving average is C$20.70. The stock has a market cap of C$6.09 billion, a PE ratio of -35.82, a PEG ratio of 0.71 and a beta of 0.90. The company has a quick ratio of 1.23, a current ratio of 1.07 and a debt-to-equity ratio of 176.80.
Northland Power (TSE:NPI - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The solar energy provider reported C$0.93 earnings per share (EPS) for the quarter. Northland Power had a negative net margin of 6.69% and a negative return on equity of 3.92%. The firm had revenue of C$725.26 million for the quarter.
Northland Power Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be given a $0.06 dividend. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, April 30th. Northland Power's dividend payout ratio (DPR) is currently -178.46%.
About Northland Power
(
Get Free Report)
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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