Northland Power Inc. (TSE:NPI – Get Free Report) has earned a consensus rating of “Hold” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$24.80.
NPI has been the topic of a number of recent research reports. Raymond James Financial boosted their target price on Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce boosted their price target on Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, March 27th. Desjardins dropped their price objective on Northland Power from C$24.00 to C$23.00 and set a “hold” rating on the stock in a report on Friday, May 15th. National Bank Financial raised 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 report on Friday, May 15th. Finally, TD lifted their target price on shares of Northland Power from C$24.00 to C$25.00 and gave the company a “hold” rating in a research note on Friday, May 15th.
Read Our Latest Analysis on Northland Power
Northland Power Price Performance
Northland Power (TSE:NPI – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The solar energy provider reported C$0.33 EPS for the quarter. Northland Power had a negative net margin of 5.52% and a negative return on equity of 3.45%. The business had revenue of C$776.97 million for the quarter.
Northland Power Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. Northland Power’s dividend payout ratio (DPR) is currently -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.
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