Brokers Set Expectations for Northland Power FY2024 Earnings

Northland Power Inc. (TSE:NPI) – Investment analysts at National Bank Financial reduced their FY2024 EPS estimates for Northland Power in a research report issued to clients and investors on Tuesday, January 14th. National Bank Financial analyst R. Merer now anticipates that the solar energy provider will post earnings per share of $0.69 for the year, down from their prior forecast of $0.79. National Bank Financial also issued estimates for Northland Power’s FY2025 earnings at $1.64 EPS.

NPI has been the topic of a number of other research reports. CIBC reduced their target price on Northland Power from C$31.00 to C$29.00 in a research note on Wednesday, January 8th. Raymond James upgraded Northland Power to a “moderate buy” rating in a report on Friday, November 15th. Finally, National Bankshares decreased their price objective on Northland Power from C$35.00 to C$34.00 in a report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$29.71.

Northland Power Stock Performance

Northland Power stock opened at C$19.24 on Thursday. Northland Power has a fifty-two week low of C$17.68 and a fifty-two week high of C$25.36. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. The stock has a market cap of C$4.96 billion, a P/E ratio of 80.17, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The firm’s fifty day moving average price is C$19.15 and its 200-day moving average price is C$21.36.

Northland Power Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 6.24%. Northland Power’s dividend payout ratio is currently 500.00%.

About Northland Power

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.