Northland Power Q4 EPS Decreased by National Bank Financial

Northland Power Inc. (TSE:NPI) – Stock analysts at National Bank Financial decreased their Q4 2024 earnings estimates for Northland Power in a research report issued to clients and investors on Tuesday, January 14th. National Bank Financial analyst R. Merer now anticipates that the solar energy provider will earn $0.45 per share for the quarter, down from their prior estimate of $0.55.

Several other brokerages have also weighed in on NPI. CIBC decreased their price objective on Northland Power from C$31.00 to C$29.00 in a report on Wednesday, January 8th. Raymond James raised shares of Northland Power to a “moderate buy” rating in a report on Friday, November 15th. Finally, National Bankshares reduced their price objective on shares of Northland Power from C$35.00 to C$34.00 in a report on Wednesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Northland Power currently has an average rating of “Moderate Buy” and an average price target of C$29.71.

Northland Power Trading Up 4.4 %

Shares of NPI opened at C$18.94 on Friday. The stock’s 50-day moving average price is C$19.20 and its 200 day moving average price is C$21.39. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. The firm has a market capitalization of C$4.88 billion, a price-to-earnings ratio of 78.92, a P/E/G ratio of 0.71 and a beta of 0.47. Northland Power has a 12-month low of C$17.68 and a 12-month high of C$25.36.

Northland Power Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were paid a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 6.34%. Northland Power’s dividend payout ratio 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.