Northland Power - NPI Stock Forecast, Price & News

Northland Power Inc., an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydropower, as well as clean-burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements. It owned or had an economic interest in 3.2 gigawatts of operating generating capacity. The company was founded in 1987 and is headquartered in Toronto, Canada.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. CIBC boosted their price objective on Northland Power from C$44.00 to C$48.00 in a research note on Monday. Raymond James increased their price target on Northland Power from C$50.00 to C$52.00 and gave the company an "outperform" rating in a report on Friday, August 12th. TD Securities increased their price target on Northland Power from C$47.00 to C$55.00 and gave the company a "buy" rating in a report on Monday. Royal Bank of Canada raised their price objective on Northland Power from C$46.00 to C$48.00 and gave the company a "sector perform" rating in a research report on Monday. Finally, BMO Capital Markets lifted their price target on Northland Power from C$44.00 to C$50.00 in a research report on Friday, August 12th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Northland Power currently has an average rating of "Moderate Buy" and an average target price of C$49.10.

Northland Power Stock Down 0.7 %

Shares of TSE:NPI traded down C$0.31 during mid-day trading on Friday, reaching C$44.92. The company had a trading volume of 236,402 shares, compared to its average volume of 682,631. Northland Power has a twelve month low of C$34.95 and a twelve month high of C$47.13. The company has a debt-to-equity ratio of 186.75, a quick ratio of 0.99 and a current ratio of 1.28. The stock has a market capitalization of C$10.58 billion and a PE ratio of 18.60. The stock's 50 day moving average is C$40.43 and its 200-day moving average is C$39.74.

Northland Power Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 15th were given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Wednesday, June 29th. Northland Power's dividend payout ratio is currently 49.38%.