Q4 EPS Estimates for Northland Power Decreased by Analyst

Northland Power Inc. (TSE:NPI) – Equities research analysts at National Bank Financial decreased their Q4 2024 earnings per share estimates for shares of Northland Power in a research report issued to clients and investors on Tuesday, January 14th. National Bank Financial analyst R. Merer now forecasts that the solar energy provider will earn $0.45 per share for the quarter, down from their prior estimate of $0.55.

Other equities analysts have also recently issued reports about the stock. Raymond James raised shares of Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. CIBC decreased their target price on shares of Northland Power from C$31.00 to C$29.00 in a research report on Wednesday, January 8th. Finally, National Bankshares cut their price target on shares of Northland Power from C$35.00 to C$34.00 in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.71.

Northland Power Stock Up 1.6 %

TSE:NPI opened at C$19.24 on Friday. The company has a market cap of C$4.96 billion, a PE ratio of 80.17, a PEG ratio of 0.71 and a beta of 0.47. The stock has a 50-day simple moving average of C$19.15 and a 200 day simple moving average of C$21.36. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. Northland Power has a 52-week low of C$17.68 and a 52-week high of C$25.36.

Northland Power Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 6.24%. Northland Power’s payout ratio is 500.00%.

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.