Northland Power (TSE:NPI) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Northland Power Inc. (TSE:NPI)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$22.30 and traded as high as C$22.35. Northland Power shares last traded at C$22.10, with a volume of 1,266,307 shares changing hands.

Analyst Upgrades and Downgrades

NPI has been the topic of a number of analyst reports. TD raised Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 target price on the stock in a research report on Friday, August 14th. TD Securities upgraded Northland Power from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 14th. Desjardins reduced their price target on Northland Power from C$23.00 to C$22.00 and set a “hold” rating for the company in a report on Wednesday, July 22nd. Finally, ATB Cormark Capital Markets raised their price objective on Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Northland Power has a consensus rating of “Moderate Buy” and an average price target of C$24.90.

Northland Power Stock Down 0.4%

The company has a debt-to-equity ratio of 164.38, a current ratio of 1.04 and a quick ratio of 1.23. The stock has a market capitalization of C$5.76 billion, a price-to-earnings ratio of -39.30, a PEG ratio of 0.71 and a beta of 0.87. The firm’s fifty day moving average is C$21.45 and its 200-day moving average is C$22.30.

Northland Power (TSE:NPI) last announced its quarterly earnings data on Thursday, August 13th. The solar energy provider reported C($0.24) earnings per share for the quarter. The company had revenue of C$2.35 million for the quarter. Northland Power had a negative return on equity of 3.46% and a negative net margin of 5.48%.

Northland Power Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.3%. Northland Power’s dividend payout ratio (DPR) is presently -164.29%.

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.