FY2025 EPS Forecast for Northland Power Decreased by Analyst

Northland Power Inc. (TSE:NPI) – Investment analysts at Cormark decreased their FY2025 earnings per share (EPS) estimates for shares of Northland Power in a report issued on Thursday, January 23rd. Cormark analyst N. Boychuk now expects that the solar energy provider will earn $0.91 per share for the year, down from their prior forecast of $1.00.

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

Northland Power Stock Down 2.2 %

NPI opened at C$17.52 on Friday. The company has a market capitalization of C$4.51 billion, a PE ratio of 73.00, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The business has a 50-day moving average of C$18.91 and a 200-day moving average of C$21.15. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23. Northland Power has a fifty-two week low of C$17.50 and a fifty-two week high of C$25.36.

Northland Power Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.85%. The ex-dividend date is Friday, January 31st. Northland Power’s dividend payout ratio (DPR) is presently 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.