Cormark Issues Positive Outlook for Northland Power Earnings

Northland Power Inc. (TSE:NPI) – Investment analysts at Cormark upped their FY2025 earnings estimates for Northland Power in a research note issued to investors on Monday, October 21st. Cormark analyst N. Boychuk now forecasts that the solar energy provider will earn $1.14 per share for the year, up from their previous forecast of $0.89.

Separately, National Bankshares upped their price target on shares of Northland Power from C$34.00 to C$35.00 in a research report on Thursday, July 11th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$30.14.

Northland Power Price Performance

Shares of TSE NPI opened at C$21.85 on Thursday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. The stock has a market cap of C$5.63 billion, a P/E ratio of 91.04, a P/E/G ratio of 0.71 and a beta of 0.47. The stock has a 50 day moving average of C$22.03 and a two-hundred day moving average of C$22.67. Northland Power has a twelve month low of C$19.36 and a twelve month high of C$25.36.

Northland Power (TSE:NPI) last announced its earnings results on Wednesday, August 14th. The solar energy provider reported C$0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.08. The firm had revenue of C$528.97 million during the quarter, compared to analysts’ expectations of C$526.10 million. Northland Power had a return on equity of 3.95% and a net margin of 2.98%.

Northland Power Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, October 31st. Northland Power’s dividend payout ratio (DPR) is presently 500.00%.

About Northland Power

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.