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

Northland Power Inc. (TSE:NPI)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$20.70 and traded as high as C$23.62. Northland Power shares last traded at C$23.28, with a volume of 1,083,835 shares changing hands.

Wall Street Analyst Weigh In

NPI has been the subject of several recent research reports. Desjardins upped their price target on Northland Power from C$23.00 to C$24.00 and gave the company a “hold” rating in a report on Friday, May 1st. Canadian Imperial Bank of Commerce upped their price target on Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, March 27th. Finally, TD Securities upped their price target on Northland Power from C$21.00 to C$23.00 and gave the company a “hold” rating in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$23.63.

Northland Power Stock Down 0.9%

The business’s fifty day moving average price is C$22.66 and its 200 day moving average price is C$20.70. The company has a market capitalization of C$6.09 billion, a P/E ratio of -35.82, a P/E/G ratio of 0.71 and a beta of 0.90. The company has a current ratio of 1.07, a quick ratio of 1.23 and a debt-to-equity ratio of 176.80.

Northland Power (TSE:NPI) last issued its earnings results on Thursday, February 26th. The solar energy provider reported C$0.93 earnings per share (EPS) for the quarter. Northland Power had a negative return on equity of 3.92% and a negative net margin of 6.69%.The business had revenue of C$725.26 million during the quarter.

Northland Power Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. Northland Power’s dividend payout ratio is presently -178.46%.

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.