Northland Power (NPI) Reaches New 12-Month High at $25.74

Shares of Northland Power Inc. (TSE:NPI) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$25.74 and last traded at C$25.73, with a volume of 353930 shares changing hands. The stock had previously closed at C$25.60.

NPI has been the subject of several analyst reports. CIBC decreased their price target on shares of Northland Power from C$27.00 to C$26.00 in a research report on Tuesday, January 15th. Canaccord Genuity upped their price objective on shares of Northland Power from C$27.00 to C$28.00 in a report on Monday, February 25th. Raymond James restated an “outperform” rating and set a C$30.00 price objective on shares of Northland Power in a report on Friday, February 22nd. National Bank Financial upped their price objective on shares of Northland Power from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Tuesday, February 5th. Finally, TD Securities upped their price objective on shares of Northland Power from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Monday, February 25th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$27.03.

The company has a debt-to-equity ratio of 514.42, a quick ratio of 0.71 and a current ratio of 1.35. The firm has a market cap of $4.64 billion and a PE ratio of 17.65.

Northland Power (TSE:NPI) last posted its quarterly earnings data on Thursday, February 21st. The solar energy provider reported C$0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.33 by C($0.11). The firm had revenue of C$380.86 million for the quarter, compared to analysts’ expectations of C$409.30 million. As a group, research analysts forecast that Northland Power Inc. will post 2.1600001838298 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $1.20 annualized dividend and a dividend yield of 4.66%. Northland Power’s dividend payout ratio (DPR) is currently 82.30%.

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Northland Power Company Profile (TSE:NPI)

Northland Power Inc develops, builds, owns, and operates green power projects primarily in Canada and Europe. It generates electricity from thermal, wind, solar, hydro, and biomass power plants. As of September 24, 2018, the company owned or had a net economic interest in power producing facilities with a total capacity of approximately 2,029 megawatts.

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