Northland Power Inc. (TSE:NPI – Get Rating) – Equities research analysts at National Bank Financial raised their Q3 2022 earnings per share (EPS) estimates for shares of Northland Power in a report released on Sunday, August 14th. National Bank Financial analyst R. Merer now expects that the solar energy provider will post earnings of $0.21 per share for the quarter, up from their previous forecast of $0.20. The consensus estimate for Northland Power’s current full-year earnings is $1.57 per share. National Bank Financial also issued estimates for Northland Power’s Q4 2022 earnings at $0.75 EPS and FY2023 earnings at $2.40 EPS.
Several other equities research analysts have also commented on the company. CIBC boosted their price target on Northland Power from C$44.00 to C$48.00 in a research note on Monday. National Bankshares upped their target price on Northland Power from C$47.00 to C$49.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank of Canada upped their target price on Northland Power from C$46.00 to C$48.00 and gave the company a “sector perform” rating in a research note on Monday. CSFB upped their target price on Northland Power from C$50.00 to C$51.00 in a research note on Wednesday, April 20th. Finally, Credit Suisse Group upped their target price on Northland Power from C$50.00 to C$51.00 and gave the company an “outperform” rating in a research note on Wednesday, April 20th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$49.10.
Northland Power Price Performance
Shares of TSE:NPI opened at C$45.76 on Tuesday. The business’s 50 day simple moving average is C$40.21 and its 200-day simple moving average is C$39.64. The firm has a market capitalization of C$10.78 billion and a price-to-earnings ratio of 18.83. The company has a debt-to-equity ratio of 186.75, a current ratio of 1.28 and a quick ratio of 0.99. Northland Power has a 12 month low of C$34.95 and a 12 month high of C$47.13.
Northland Power Announces Dividend
The business also recently declared a monthly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.20 annualized dividend and a yield of 2.62%. Northland Power’s dividend payout ratio is currently 49.38%.
About Northland Power
Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydropower, as well as clean-burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.
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