Northland Power (TSE:NPI) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Northland Power Inc. (TSE:NPI)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.45 and traded as high as C$23.56. Northland Power shares last traded at C$23.42, with a volume of 1,306,743 shares.

Analysts Set New Price Targets

NPI has been the topic of a number of analyst reports. Raymond James Financial increased their price objective on shares of Northland Power from C$25.50 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. TD increased their price objective on shares of Northland Power from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. National Bank Financial increased their price objective on shares of Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Desjardins reduced their price target on shares of Northland Power from C$24.00 to C$23.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Finally, ATB Cormark Capital Markets raised their price target on shares of Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Northland Power presently has an average rating of “Hold” and a consensus target price of C$24.80.

Northland Power Trading Down 0.4%

The business’s 50 day moving average price is C$23.22 and its two-hundred day moving average price is C$20.45. The company has a current ratio of 1.16, a quick ratio of 1.23 and a debt-to-equity ratio of 168.64. The company has a market capitalization of C$6.12 billion, a price-to-earnings ratio of -41.09, a P/E/G ratio of 0.71 and a beta of 0.90.

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

Northland Power Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given 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 3.1%. Northland Power’s dividend payout ratio (DPR) 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.