Scotia Issues Positive Forecast for Northland Power (TSE:NPI) Stock Price

Northland Power (TSE:NPI) had its target price increased by Scotia from C$23.00 to C$25.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a sector perform rating on the solar energy provider’s stock.

Other equities analysts have also recently issued reports about the stock. National Bank Financial upped their price target on shares of Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday. Desjardins lowered their price target on shares of Northland Power from C$24.00 to C$23.00 and set a “hold” rating on the stock in a research note on Friday. Canadian Imperial Bank of Commerce increased their price objective on shares of 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. TD increased their price objective 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. Finally, TD Securities increased their price objective on shares of Northland Power from C$21.00 to C$23.00 and gave the company a “hold” rating in a research note on Friday, February 27th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$24.80.

Northland Power Stock Up 1.5%

Shares of TSE:NPI opened at C$22.98 on Friday. The stock has a market cap of C$6.01 billion, a P/E ratio of -40.32, a P/E/G ratio of 0.71 and a beta of 0.90. The company has a debt-to-equity ratio of 168.64, a current ratio of 1.16 and a quick ratio of 1.23. Northland Power has a 1-year low of C$15.96 and a 1-year high of C$25.99. The firm has a fifty day moving average price of C$22.87 and a 200 day moving average price of C$20.66.

Northland Power (TSE:NPI) last announced its quarterly earnings data on Thursday, May 14th. The solar energy provider reported C$0.33 EPS for the quarter. The company had revenue of C$776.97 million during the quarter. Northland Power had a negative net margin of 5.52% and a negative return on equity of 3.45%.

Northland Power Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a dividend of $0.06 per share. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, April 30th. Northland Power’s dividend payout ratio is presently -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.