Northland Power (TSE:NPI) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Northland Power Inc. (TSE:NPI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.08 and traded as high as C$22.34. Northland Power shares last traded at C$22.11, with a volume of 695,441 shares trading hands.

Analysts Set New Price Targets

A number of analysts have commented on the stock. ATB Cormark Capital Markets lifted their target price on shares of Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. 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 increased their price target on Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. Desjardins dropped their price target on Northland Power from C$24.00 to C$23.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Finally, TD lifted their price objective on Northland Power from C$24.00 to C$25.00 and gave the company a “hold” rating in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Northland Power has a consensus rating of “Hold” and an average target price of C$24.80.

Northland Power Stock Performance

The stock’s 50-day moving average price is C$22.98 and its 200 day moving average price is C$21.09. The company has a debt-to-equity ratio of 168.64, a current ratio of 1.16 and a quick ratio of 1.23. The firm has a market cap of C$5.77 billion, a P/E ratio of -38.68, a price-to-earnings-growth ratio of 0.71 and a beta of 0.81.

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

Northland Power Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.3%. Northland Power’s payout ratio is -182.46%.

Northland Power Company Profile

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.