Northland Power (TSE:NPI) Upgraded to “Buy” at TD

TD upgraded shares of Northland Power (TSE:NPI) from a hold rating to a buy rating in a report published on Friday,BayStreet.CA reports. The firm currently has C$25.00 price target on the solar energy provider’s stock.

A number of other research analysts have also commented on the stock. ATB Cormark Capital Markets lifted their price objective on shares of Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday. Scotia raised their price target on Northland Power from C$23.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Raymond James Financial boosted their price target on Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Desjardins reduced their price objective on Northland Power from C$23.00 to C$22.00 and set a “hold” rating for the company in a research note on Wednesday, July 22nd. Finally, National Bank Financial upped their price objective on Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Northland Power presently has an average rating of “Moderate Buy” and a consensus price target of C$24.90.

Northland Power Stock Up 3.6%

NPI stock opened at C$21.58 on Friday. The stock has a market cap of C$5.64 billion, a P/E ratio of -37.86, a PEG ratio of 0.71 and a beta of 0.88. The company has a current ratio of 1.16, a quick ratio of 1.23 and a debt-to-equity ratio of 168.64. Northland Power has a twelve month low of C$15.96 and a twelve month high of C$25.99. The company’s 50 day moving average is C$22.00 and its two-hundred day moving average is C$22.00.

Northland Power (TSE:NPI) last issued its earnings results on Thursday, August 13th. The solar energy provider reported C($0.24) earnings per share (EPS) for the quarter. The company had revenue of C$2.35 million during the quarter. Northland Power had a negative net margin of 5.52% and a negative return on equity of 3.45%.

Northland Power Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Northland Power’s dividend payout ratio is presently -182.46%.

About Northland Power

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.