Northland Power (TSE:NPI) Reaches New 1-Year Low – Here’s What Happened

Northland Power Inc. (TSE:NPI)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$16.91 and last traded at C$17.38, with a volume of 1836617 shares trading hands. The stock had previously closed at C$17.52.

Analyst Ratings Changes

NPI has been the topic of several analyst reports. Raymond James raised Northland Power to a “moderate buy” rating in a research report on Friday, November 15th. CIBC cut their price objective on shares of Northland Power from C$31.00 to C$29.00 in a research report on Wednesday, January 8th. Finally, National Bankshares reduced their target price on shares of Northland Power from C$35.00 to C$34.00 in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$29.71.

Northland Power Price Performance

The stock’s 50 day moving average price is C$18.85 and its 200-day moving average price is C$21.09. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. The stock has a market capitalization of C$4.48 billion, a PE ratio of 72.42, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47.

Northland Power Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given a $0.10 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 6.90%. Northland Power’s dividend payout ratio (DPR) is 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.