The share price of Northland Power (TSE:NPI) is moving above its two hundred day moving average of $23.13

Northland Power Inc Share Price (TSE:NPI – Get Free Report ) broke above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $23.13 and traded as high as $23.68. Shares of Northland Power last traded at $23.67 with a volume of 1,000,952 shares traded.

Changes in Analyst Ratings

Several analysts recently weighed in on NPI shares. TD Securities raised their price objective on shares of Northland Power from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, May 17th. National Bankshares boosted their price objective on shares of Northland Power from $34.00 to $35.00 in a report on Thursday, July 11th. Raymond James downgraded Northland Power from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $32.00 to $30.00 in a research note on Thursday , April 25. Scotiabank upped their target price on Northland Power from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 12th. Finally, Desjardins boosted their price objective on Northland Power from $27.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Moderate Buy” and a consensus price target of $31.18, based on data from MarketBeat.

Check out our latest analysis of Northland Power

Northland Power trading up 1.6%

The company has a debt-to-equity ratio of 164.02, a quick ratio of 1.23, and a current ratio of 1.16. The firm has a market cap of $6.07 billion, a P/E ratio of -33.81, a PEG ratio of 0.71 and a beta of 0.46. The firm has a 50 day simple moving average of $23.65 and a two hundred day simple moving average of $23.13.

Northland Power (TSE:NPI – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, May 15th. The solar energy provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by C($0.26). Northland Power had a negative net margin of 7.16% and a negative return on equity of 1.15%. The firm had revenue of $754.92 million for the quarter, compared to the consensus estimate of $684.27 million. Equities research analysts forecast that Northland Power Inc. will post 1.3467279 earnings per share for the current year.

Northland Power Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a $0.10 dividend. This represents an annualized dividend of $1.20 and a dividend yield of 5.07%. The ex-dividend date of this dividend is Wednesday, July 31. Northland Power’s dividend payout ratio is currently -171.43%.

About Northland Power

(Get a free report)

Northland Power Inc, an independent power producer, develops, builds, owns and operates clean and green energy projects in Canada, the Netherlands, Germany, Spain, Colombia and internationally. The Company produces electricity from renewable resources such as wind and solar power, as well as natural gas for sale under power purchase agreements and other revenue agreements.

Further reading

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