Northland Power Inc. (TSE:NPI – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$30.38.
NPI has been the topic of several recent analyst reports. Scotiabank boosted their price objective on shares of Northland Power from C$27.00 to C$28.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 12th. CIBC boosted their price target on Northland Power from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Finally, National Bankshares raised their price objective on Northland Power from C$34.00 to C$35.00 in a research report on Thursday, July 11th.
View Our Latest Stock Analysis on Northland Power
Northland Power Price Performance
Northland Power (TSE:NPI – Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The solar energy provider reported C$0.25 EPS for the quarter, beating the consensus estimate of C$0.17 by C$0.08. The company had revenue of C$528.97 million during the quarter, compared to the consensus estimate of C$526.10 million. Northland Power had a return on equity of 3.95% and a net margin of 2.98%. On average, equities research analysts anticipate that Northland Power will post 1.2408719 EPS for the current fiscal year.
Northland Power Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, September 27th. Northland Power’s payout ratio is 500.00%.
About Northland Power
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.
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