Northland Power (TSE:NPI) Posts Quarterly Earnings Results

Northland Power (TSE:NPI) released its quarterly earnings results on Wednesday. The solar energy provider reported C$0.93 EPS for the quarter, FiscalAI reports. The firm had revenue of C$725.26 million for the quarter. Northland Power had a negative net margin of 5.92% and a negative return on equity of 3.37%.

Northland Power Stock Down 0.2%

Shares of Northland Power stock opened at C$20.02 on Thursday. The business has a fifty day simple moving average of C$18.79 and a 200 day simple moving average of C$20.81. The stock has a market cap of C$5.24 billion, a PE ratio of -18.37, a price-to-earnings-growth ratio of 0.71 and a beta of 0.96. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28. Northland Power has a 12 month low of C$15.96 and a 12 month high of C$25.99.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Scotiabank lowered their price objective on shares of Northland Power from C$24.00 to C$23.00 in a research report on Friday, November 21st. National Bank Financial dropped their price objective on shares of Northland Power from C$27.00 to C$25.00 in a research report on Friday, November 21st. TD Securities cut Northland Power from a “buy” rating to a “hold” rating and lowered their target price for the company from C$22.00 to C$19.00 in a research note on Friday, November 21st. Desjardins lowered Northland Power from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, Raymond James Financial decreased their price target on Northland Power from C$25.00 to C$23.00 in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$23.13.

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.