Northland Power, Inc. (OTCMKTS:NPIFF) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Northland Power, Inc. (OTCMKTS:NPIFF) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

NPIFF has been the topic of several recent research reports. National Bankshares restated an “outperform” rating on shares of Northland Power in a report on Wednesday, December 3rd. Scotiabank reissued a “sector perform” rating on shares of Northland Power in a research report on Friday, November 21st. TD Securities cut Northland Power from a “buy” rating to a “hold” rating in a research note on Friday, November 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Northland Power in a research note on Friday, November 14th. Finally, Desjardins downgraded Northland Power to a “hold” rating in a report on Friday, November 14th.

Northland Power Trading Down 1.5%

Shares of NPIFF stock opened at $12.27 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. Northland Power has a fifty-two week low of $11.04 and a fifty-two week high of $18.44. The firm’s 50 day moving average price is $15.83 and its two-hundred day moving average price is $16.00. The stock has a market cap of $3.21 billion and a price-to-earnings ratio of -15.15.

Northland Power Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.0714 per share. This represents a dividend yield of 744.0%. The ex-dividend date of this dividend is Friday, November 28th. Northland Power’s payout ratio is presently -104.94%.

About Northland Power

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.