Northland Power (TSE:NPI) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Northland Power Inc. (TSE:NPI)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$21.62 and traded as high as C$22.11. Northland Power shares last traded at C$22.05, with a volume of 682,646 shares traded.

Analyst Upgrades and Downgrades

NPI has been the subject of several recent analyst reports. 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 report on Friday, May 15th. ATB Cormark Capital Markets 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, May 15th. Scotia boosted their price objective on Northland Power from C$23.00 to C$25.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. Desjardins reduced their target price on Northland Power from C$23.00 to C$22.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, TD lifted their target price on Northland Power from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$24.70.

Northland Power Stock Up 0.1%

The company has a quick ratio of 1.23, a current ratio of 1.16 and a debt-to-equity ratio of 168.64. The stock has a market cap of C$5.72 billion, a P/E ratio of -38.37, a P/E/G ratio of 0.71 and a beta of 0.86. The company’s 50 day moving average price is C$22.57 and its two-hundred day moving average price is C$21.64.

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 (EPS) for the quarter. The company had revenue of C$776.97 million for 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 company also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.3%. Northland Power’s dividend payout ratio (DPR) is currently -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.