Northland Power (TSE:NPI) Hits New 52-Week Low – What’s Next?

Northland Power Inc. (TSE:NPI) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$19.11 and last traded at C$19.85, with a volume of 131356 shares. The stock had previously closed at C$20.22.

Northland Power Stock Down 0.4 %

The firm has a market capitalization of C$5.19 billion, a price-to-earnings ratio of 84.25, a P/E/G ratio of 0.71 and a beta of 0.47. 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’s 50 day moving average price is C$21.64 and its 200 day moving average price is C$22.58.

Northland Power (TSE:NPI) last issued its quarterly earnings results on Wednesday, August 14th. The solar energy provider reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.08. The company had revenue of C$528.97 million during the quarter, compared to analysts’ expectations of C$526.10 million. Northland Power had a return on equity of 3.95% and a net margin of 2.98%.

Northland Power Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, November 29th. This represents a $1.20 annualized dividend and a yield of 5.96%. Northland Power’s dividend payout ratio is presently 500.00%.

Northland Power Company Profile

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.