FY2025 EPS Estimate for Northland Power Decreased by Analyst

Northland Power Inc. (TSE:NPI) – Equities research analysts at Cormark dropped their FY2025 earnings estimates for shares of Northland Power in a report issued on Thursday, January 23rd. Cormark analyst N. Boychuk now expects that the solar energy provider will post earnings per share of $0.91 for the year, down from their prior estimate of $1.00.

Other equities analysts also recently issued research reports about the company. National Bankshares cut their target price on Northland Power from C$35.00 to C$34.00 in a research report on Wednesday, January 15th. Raymond James raised Northland Power to a “moderate buy” rating in a report on Friday, November 15th. Finally, CIBC lowered their target price on shares of Northland Power from C$31.00 to C$29.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Northland Power has a consensus rating of “Moderate Buy” and a consensus target price of C$29.71.

Northland Power Stock Up 1.0 %

Shares of NPI opened at C$17.91 on Friday. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. The company has a 50-day moving average price of C$18.97 and a two-hundred day moving average price of C$21.18. The stock has a market cap of C$4.61 billion, a price-to-earnings ratio of 74.63, a P/E/G ratio of 0.71 and a beta of 0.47. Northland Power has a 12 month low of C$17.65 and a 12 month high of C$25.36.

Northland Power Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.70%. The ex-dividend date is Friday, January 31st. Northland Power’s payout ratio is presently 500.00%.

About Northland Power

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.