Northland Power Inc. (NPI) To Go Ex-Dividend on July 31st

Northland Power Inc. (TSE:NPI) declared a monthly dividend on Wednesday, July 17th, Zacks reports. Shareholders of record on Wednesday, July 31st will be given a dividend of 0.10 per share by the solar energy provider on Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Wednesday, July 31st.

Northland Power Price Performance

Northland Power stock opened at C$23.19 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.23 and a debt-to-equity ratio of 164.02. The firm has a market capitalization of C$5.95 billion, a P/E ratio of -33.13, a PEG ratio of 0.71 and a beta of 0.44. The business has a 50-day moving average of C$23.80 and a 200-day moving average of C$23.26. Northland Power has a 1 year low of C$19.36 and a 1 year high of C$26.88.

Northland Power (TSE:NPI) last released its quarterly earnings data on Wednesday, May 15th. The solar energy provider reported C$0.29 earnings per share for the quarter, missing the consensus estimate of C$0.55 by C($0.26). Northland Power had a negative return on equity of 1.15% and a negative net margin of 7.16%. The firm had revenue of C$754.92 million for the quarter, compared to the consensus estimate of C$684.27 million. On average, equities analysts anticipate that Northland Power will post 1.3008658 EPS for the current year.

Wall Street Analysts Forecast Growth

NPI has been the subject of a number of recent analyst reports. Desjardins upped their price objective on shares of Northland Power from C$27.00 to C$29.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. National Bankshares increased their price target on Northland Power from C$34.00 to C$35.00 in a report on Thursday, July 11th. Raymond James cut Northland Power from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from C$32.00 to C$30.00 in a report on Thursday, April 25th. Scotiabank increased their target price on 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. Finally, CIBC lifted their price target on shares of Northland Power from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$31.50.

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.