Northland Power (TSE:NPI) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Northland Power Inc. (TSE:NPI)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$20.61 and traded as high as C$22.83. Northland Power shares last traded at C$22.44, with a volume of 649,781 shares trading hands.

Analyst Ratings Changes

A number of analysts recently issued reports on NPI shares. Raymond James Financial boosted their price objective on Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce boosted their target price on Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, March 27th. Desjardins reduced their target price on Northland Power from C$24.00 to C$23.00 and set a “hold” rating for the company in a research report on Friday, May 15th. National Bank Financial boosted their target price on Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, Scotia boosted their target price on Northland Power from C$23.00 to C$25.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$24.80.

Northland Power Price Performance

The company has a debt-to-equity ratio of 168.64, a quick ratio of 1.23 and a current ratio of 1.16. The stock has a market capitalization of C$5.87 billion, a P/E ratio of -39.37, a price-to-earnings-growth ratio of 0.71 and a beta of 0.81. The firm has a 50-day moving average price of C$23.27 and a 200 day moving average price of C$20.61.

Northland Power (TSE:NPI) last announced its quarterly earnings data on Thursday, May 14th. The solar energy provider reported C$0.33 EPS for the quarter. The firm had revenue of C$776.97 million for the quarter. Northland Power had a negative return on equity of 3.45% and a negative net margin of 5.52%.

Northland Power Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a yield of 3.2%. Northland Power’s dividend payout ratio is currently -182.46%.

About Northland Power

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.