Northland Power Inc. (TSE:NPI – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$23.29 and traded as high as C$23.74. Northland Power shares last traded at C$23.56, with a volume of 197,882 shares.
Analyst Ratings Changes
Several equities research analysts have weighed in on NPI shares. TD Securities raised their target price on shares of Northland Power from C$27.00 to C$28.00 and gave the company a “buy” rating in a research note on Friday, May 17th. National Bankshares boosted their target price on Northland Power from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. Raymond James cut Northland Power from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from C$32.00 to C$30.00 in a research note on Thursday, April 25th. CIBC boosted their price target on Northland Power from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Finally, Scotiabank increased their price objective on shares of Northland Power from C$27.00 to C$28.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 12th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$31.42.
Read Our Latest Stock Report on NPI
Northland Power Trading Up 0.8 %
Northland Power (TSE:NPI – Get Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The solar energy provider reported C$0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.55 by C($0.26). Northland Power had a negative return on equity of 1.15% and a negative net margin of 7.16%. The firm had revenue of C$754.92 million during the quarter, compared to analyst estimates of C$684.27 million. Equities analysts expect that Northland Power Inc. will post 1.3008658 EPS for the current fiscal year.
Northland Power Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 15th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Friday, June 28th. Northland Power’s payout ratio is currently -171.43%.
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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