Northland Power (TSE:NPI) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Northland Power Inc. (TSE:NPI)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$20.61 and traded as high as C$22.83. Northland Power shares last traded at C$22.44, with a volume of 649,781 shares traded.

Wall Street Analyst Weigh In

NPI has been the subject of several research analyst reports. TD Securities upped their price target on Northland Power from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research note on Friday, February 27th. Raymond James Financial upped their price target on Northland Power from C$25.50 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Scotia upped their price target on Northland Power from C$23.00 to C$25.00 and gave the stock a “sector perform” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets upped their price target on Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, National Bank Financial upped their price target on Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Northland Power currently has a consensus rating of “Hold” and a consensus price target of C$24.80.

Northland Power Trading Up 1.3%

The company has a quick ratio of 1.23, a current ratio of 1.16 and a debt-to-equity ratio of 168.64. The firm has a market cap of C$5.96 billion, a price-to-earnings ratio of -40.00, a price-to-earnings-growth ratio of 0.71 and a beta of 0.81. The business has a 50 day moving average price of C$23.25 and a 200-day moving average price of C$20.69.

Northland Power (TSE:NPI) last posted its earnings results on Thursday, May 14th. The solar energy provider reported C$0.33 earnings per share (EPS) for the quarter. Northland Power had a negative return on equity of 3.45% and a negative net margin of 5.52%.The business had revenue of C$776.97 million during the quarter.

Northland Power Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 3.2%. Northland Power’s dividend payout ratio is currently -182.46%.

Northland Power Company Profile

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.