Northland Power (NPIFF) to Release Earnings on Wednesday

Northland Power (OTCMKTS:NPIFF) will likely be releasing its results after the market closes on Wednesday, February 25th. Analysts expect Northland Power to post earnings of $0.3380 per share and revenue of $484.5840 million for the quarter.

Northland Power Stock Up 1.5%

NPIFF stock opened at $14.60 on Monday. Northland Power has a 52-week low of $11.43 and a 52-week high of $18.44. The company’s 50 day simple moving average is $13.57 and its 200-day simple moving average is $15.04. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $3.82 billion and a P/E ratio of -18.02.

Northland Power Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.0714 dividend. This represents a dividend yield of 744.0%. The ex-dividend date of this dividend was Friday, November 28th. Northland Power’s dividend payout ratio is -64.20%.

Analysts Set New Price Targets

A number of analysts recently issued reports on NPIFF shares. Desjardins cut Northland Power to a “hold” rating in a research report on Friday, November 14th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Northland Power in a report on Friday, November 14th. TD Securities downgraded Northland Power from a “buy” rating to a “hold” rating in a report on Friday, November 21st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Northland Power in a research report on Friday, November 21st. Finally, Scotiabank reiterated a “sector perform” rating on shares of Northland Power in a research note on Friday, November 21st. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Northland Power

Northland Power Inc is a Canadian developer, owner and operator of power generation facilities, with a focus on clean and green energy. The company’s portfolio encompasses natural gas–fired, wind, solar and thermal projects, and its operations span from onshore and nearshore facilities in Canada to offshore wind farms in Europe. Northland Power is structured to manage all stages of a project’s lifecycle, from early-stage development and financing through construction and long-term operation.

In Canada, Northland Power operates a mix of combined-cycle gas turbines and peaking plants, as well as solar installations, serving industrial and municipal customers under long-term contracts.