Q4 EPS Estimates for Northland Power Decreased by Analyst

Northland Power Inc. (TSE:NPI) – Investment analysts at National Bank Financial decreased their Q4 2024 earnings estimates for shares of Northland Power in a report issued on Tuesday, January 14th. National Bank Financial analyst R. Merer now forecasts that the solar energy provider will earn $0.45 per share for the quarter, down from their prior estimate of $0.55.

Several other research firms have also issued reports on NPI. National Bankshares reduced their price target on Northland Power from C$35.00 to C$34.00 in a research report on Wednesday. Raymond James upgraded Northland Power to a “moderate buy” rating in a report on Friday, November 15th. Finally, CIBC decreased their target price on Northland Power from C$31.00 to C$29.00 in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$29.71.

Northland Power Price Performance

Shares of NPI stock opened at C$19.24 on Friday. The firm’s 50 day moving average price is C$19.15 and its two-hundred day moving average price is C$21.36. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. Northland Power has a 52-week low of C$17.68 and a 52-week high of C$25.36. The stock has a market cap of C$4.96 billion, a PE ratio of 80.17, a PEG ratio of 0.71 and a beta of 0.47.

Northland Power Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date is Friday, January 31st. Northland Power’s dividend payout ratio is currently 500.00%.

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.