Northland Power (TSE:NPI) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Northland Power Inc. (TSE:NPI)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$20.86 and traded as high as C$23.11. Northland Power shares last traded at C$22.87, with a volume of 824,091 shares.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce upped their price target on shares of Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, March 27th. Scotia boosted their price objective on shares of Northland Power from C$23.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th. TD Securities upped their target price on shares of Northland Power from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research report on Friday, February 27th. National Bank Financial increased their target price on shares of Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Finally, ATB Cormark Capital Markets lifted their price target on shares of Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$24.80.

Northland Power Stock Performance

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 company has a market capitalization of C$6.01 billion, a PE ratio of -40.32, a P/E/G ratio of 0.71 and a beta of 0.81. The stock has a 50-day simple moving average of C$23.14 and a 200 day simple moving average of C$20.90.

Northland Power (TSE:NPI) last issued its quarterly earnings data on Thursday, May 14th. The solar energy provider reported C$0.33 earnings per share (EPS) for the quarter. The firm 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 Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 3.1%. Northland Power’s dividend payout ratio (DPR) 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.