Shares of Northland Power Inc. (TSE:NPI – Get Free Report) have earned an average rating of “Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$32.21.
NPI has been the subject of a number of research analyst reports. BMO Capital Markets lowered their price objective on shares of Northland Power from C$31.00 to C$30.00 and set an “outperform” rating for the company in a research report on Thursday, February 22nd. CIBC lowered their price target on shares of Northland Power from C$32.00 to C$30.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. National Bankshares raised their price objective on Northland Power from C$32.00 to C$34.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Finally, Raymond James lowered their target price on Northland Power from C$35.00 to C$32.00 and set a “strong-buy” rating for the company in a report on Friday, February 23rd.
Check Out Our Latest Stock Analysis on NPI
Northland Power Trading Down 1.1 %
Northland Power (TSE:NPI – Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share for the quarter, missing the consensus estimate of C$0.43 by C($0.92). The business had revenue of C$626.22 million during the quarter, compared to analyst estimates of C$614.15 million. Northland Power had a negative net margin of 7.85% and a negative return on equity of 2.09%. Equities analysts anticipate that Northland Power will post 1.1793651 EPS for the current fiscal year.
Northland Power Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 5.42%. The ex-dividend date is Wednesday, March 27th. Northland Power’s payout ratio is presently -166.67%.
Northland Power Company Profile
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.
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