Northland Power (TSE:NPI) Hits New 1-Year Low – Here’s What Happened

Northland Power Inc. (TSE:NPI)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$19.97 and last traded at C$20.00, with a volume of 795652 shares changing hands. The stock had previously closed at C$21.49.

Wall Street Analyst Weigh In

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

Northland Power Price Performance

The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23. The company has a market capitalization of C$5.10 billion, a price-to-earnings ratio of 89.54, a P/E/G ratio of 0.71 and a beta of 0.47. The stock has a fifty day simple moving average of C$21.80 and a 200-day simple moving average of C$22.61.

Northland Power (TSE:NPI) last announced its earnings results on Wednesday, August 14th. The solar energy provider reported C$0.25 earnings per share for the quarter, topping the consensus estimate of C$0.17 by C$0.08. The business had revenue of C$528.97 million during the quarter, compared to the consensus estimate 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 firm also recently announced 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 6.07%. The ex-dividend date of this dividend is Thursday, October 31st. Northland Power’s payout ratio is 500.00%.

Northland Power Company Profile

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.