Northland Power Inc. (NPI) To Go Ex-Dividend on October 30th

Northland Power Inc. (TSE:NPI) declared a monthly dividend on Friday, October 30th. Shareholders of record on Monday, November 16th will be given a dividend of $0.06 per share by the solar energy provider on Monday, November 16th. This represents a $0.72 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, October 30th.

Northland Power Price Performance

Shares of TSE NPI opened at C$22.00 on Wednesday. The stock has a market cap of C$5.75 billion, a price-to-earnings ratio of -39.29, a PEG ratio of 0.71 and a beta of 0.59. The company has a debt-to-equity ratio of 164.38, a quick ratio of 1.23 and a current ratio of 1.04. Northland Power has a fifty-two week low of C$15.96 and a fifty-two week high of C$25.99. The firm’s 50-day simple moving average is C$21.71 and its 200 day simple moving average is C$21.74.

Northland Power (TSE:NPI) last issued its quarterly earnings data on Thursday, August 13th. The solar energy provider reported C($0.24) earnings per share (EPS) for the quarter. Northland Power had a negative return on equity of 3.46% and a negative net margin of 5.48%. The firm had revenue of C$512.21 million during the quarter.

Analyst Ratings Changes

A number of research firms recently issued reports on NPI. TD upgraded Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 price objective on the stock in a research note on Friday, August 14th. Desjardins reduced their price objective on Northland Power from C$23.00 to C$22.00 and set a “hold” rating on the stock in a research report on Wednesday, July 22nd. TD Securities raised shares of Northland Power from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 14th. Finally, ATB Cormark Capital Markets lifted their target price 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, August 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Northland Power currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.90.

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.