Shares of Northland Power Inc. (TSE:NPI – Get Free Report) have earned a consensus rating of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$32.13.
Several analysts recently issued reports on NPI shares. Raymond James lowered their price target on Northland Power from C$35.00 to C$32.00 and set a “strong-buy” rating for the company in a report on Friday, February 23rd. BMO Capital Markets dropped their target price on Northland Power from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a report on Thursday, February 22nd. National Bankshares boosted their price target on Northland Power from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Finally, CIBC lowered their price objective on shares of Northland Power from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research report on Friday.
Read Our Latest Research Report on NPI
Northland Power Stock Performance
Northland Power (TSE:NPI – Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.92). Northland Power had a negative net margin of 7.85% and a negative return on equity of 2.09%. The business had revenue of C$626.22 million for the quarter, compared to analyst estimates of C$614.15 million. Equities analysts anticipate that Northland Power will post 1.1793651 earnings per share for the current year.
Northland Power Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a yield of 5.79%. Northland Power’s dividend payout ratio (DPR) is -166.67%.
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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