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

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

NPIFF has been the subject of a number of recent analyst reports. Desjardins lowered shares of Northland Power to a “hold” rating in a report on Friday, November 14th. Scotiabank reaffirmed a “sector perform” rating on shares of Northland Power in a research report on Friday, November 21st. CIBC reissued an “outperform” rating on shares of Northland Power in a report on Friday, November 21st. Royal Bank Of Canada restated an “outperform” rating on shares of Northland Power in a report on Friday, November 14th. Finally, TD Securities lowered Northland Power from a “buy” rating to a “hold” rating in a research report on Friday, November 21st.

Northland Power Stock Up 0.8%

Shares of OTCMKTS:NPIFF opened at $14.08 on Wednesday. The company has a market capitalization of $3.68 billion and a price-to-earnings ratio of -17.38. The company has a 50 day moving average of $12.88 and a two-hundred day moving average of $15.36. Northland Power has a 52-week low of $11.04 and a 52-week high of $18.44. 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 business also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.0714 per share. This represents a yield of 744.0%. The ex-dividend date was Friday, November 28th. Northland Power’s dividend payout ratio is -64.20%.

About Northland Power

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.