Northland Power Inc. (TSE:NPI – Get Free Report) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$24.90.
Several equities research analysts recently commented on the stock. TD Securities upgraded shares of Northland Power from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th. National Bank Financial upped their price target 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. ATB Cormark Capital Markets raised their price target 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, August 14th. Scotia lifted their price target on shares of 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. Finally, Desjardins reduced their price objective on shares of Northland Power from C$23.00 to C$22.00 and set a “hold” rating on the stock in a research note on Wednesday, July 22nd.
Get Our Latest Analysis on Northland Power
Northland Power Price Performance
Northland Power (TSE:NPI – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The solar energy provider reported C($0.24) earnings per share for the quarter. Northland Power had a negative return on equity of 3.46% and a negative net margin of 5.48%.The firm had revenue of C$2.35 million for the quarter.
Northland Power Announces Dividend
The business also recently announced a monthly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.5%. Northland Power’s payout ratio is presently -164.29%.
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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