Northland Power, Inc. (OTCMKTS:NPIFF) Given Consensus Rating of “Moderate Buy” by Brokerages

Northland Power, Inc. (OTCMKTS:NPIFF) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

Several analysts recently issued reports on the company. TD Securities cut Northland Power from a “buy” rating to a “hold” rating in a research note on Friday, November 21st. National Bankshares reaffirmed an “outperform” rating on shares of Northland Power in a research report on Wednesday, December 3rd. Scotiabank reaffirmed a “sector perform” rating on shares of Northland Power in a research report on Friday, November 21st. CIBC restated an “outperform” rating on shares of Northland Power in a research report on Friday, November 21st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Northland Power in a research note on Friday, November 14th.

Northland Power Stock Performance

OTCMKTS NPIFF opened at $13.35 on Friday. The company has a 50-day simple moving average of $14.01 and a two-hundred day simple moving average of $15.67. Northland Power has a 12-month low of $11.04 and a 12-month high of $18.44. The firm has a market cap of $3.49 billion and a price-to-earnings ratio of -16.48. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.49.

Northland Power Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.0714 dividend. This represents a dividend yield of 744.0%. The ex-dividend date of this dividend was Friday, November 28th. Northland Power’s dividend payout ratio (DPR) is presently -62.96%.

Northland Power Company Profile

Northland Power Inc is a Canadian developer, owner and operator of power generation facilities, with a focus on clean and green energy. The company’s portfolio encompasses natural gas–fired, wind, solar and thermal projects, and its operations span from onshore and nearshore facilities in Canada to offshore wind farms in Europe. Northland Power is structured to manage all stages of a project’s lifecycle, from early-stage development and financing through construction and long-term operation.

In Canada, Northland Power operates a mix of combined-cycle gas turbines and peaking plants, as well as solar installations, serving industrial and municipal customers under long-term contracts.