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

Shares of Northland Power, Inc. (OTCMKTS:NPIFF) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

Several equities research analysts have recently commented on NPIFF shares. Scotiabank restated a “sector perform” rating on shares of Northland Power in a report on Friday, November 21st. Desjardins downgraded Northland Power to a “hold” rating in a research report on Friday, November 14th. TD Securities lowered shares of Northland Power from a “buy” rating to a “hold” rating in a research report on Friday, November 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Northland Power in a research note on Friday, November 14th. Finally, National Bank Financial reiterated an “outperform” rating on shares of Northland Power in a report on Wednesday, December 3rd.

Northland Power Trading Up 1.5%

Shares of NPIFF opened at $14.60 on Friday. Northland Power has a twelve month low of $11.43 and a twelve month high of $18.44. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $3.82 billion and a P/E ratio of -18.02. The firm’s 50-day moving average is $13.57 and its two-hundred day moving average is $15.05.

Northland Power Cuts Dividend

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