Northland Power (TSE:NPI) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Northland Power shares crossed above their 200-day moving average of C$22.30, reaching C$22.35 before closing at C$22.10 on trading volume of about 1.27 million shares.
• Analyst sentiment is broadly positive: the stock has a consensus “Moderate Buy” rating and an average price target of C$24.90, including recent upgrades from TD Securities and a higher C$28 target from ATB Cormark.
• The company reported a quarterly loss of C$0.24 per share, negative margins and return on equity, while maintaining a monthly dividend of C$0.06 per share—an annualized yield of approximately 3.3%.

Northland Power Inc. (TSE:NPI - Get Free Report) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$22.30 and traded as high as C$22.35. Northland Power shares last traded at C$22.10, with a volume of 1,266,307 shares traded.

Analyst Upgrades and Downgrades

NPI has been the topic of several research reports. Desjardins dropped their price objective on shares of Northland Power from C$23.00 to C$22.00 and set a "hold" rating on the stock in a report on Wednesday, July 22nd. ATB Cormark Capital Markets lifted their target price on Northland Power from C$27.00 to C$28.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. TD Securities upgraded Northland Power from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 14th. Finally, TD raised Northland Power from a "hold" rating to a "buy" rating and set a C$25.00 price target for the company in a report 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 issued a Hold rating to the stock. According to MarketBeat, Northland Power currently has a consensus rating of "Moderate Buy" and an average price target of C$24.90.

Northland Power Price Performance

The stock has a market cap of C$5.78 billion, a P/E ratio of -39.46, a price-to-earnings-growth ratio of 0.71 and a beta of 0.87. The company has a current ratio of 1.04, a quick ratio of 1.23 and a debt-to-equity ratio of 164.38. The company's fifty day simple moving average is C$21.45 and its 200-day simple moving average is C$22.30.

Northland Power (TSE:NPI - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The solar energy provider reported C($0.24) EPS for the quarter. Northland Power had a negative return on equity of 3.46% and a negative net margin of 5.48%.The business had revenue of C$2.35 million for the quarter.

Northland Power Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.72 dividend on an annualized basis and a yield of 3.3%. Northland Power's dividend payout ratio (DPR) is currently -164.29%.

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. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.

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