Northland Power (TSE:NPI – Free Report) had its target price reduced by CIBC from C$30.00 to C$29.00 in a report released on Friday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the solar energy provider’s stock.
NPI has been the topic of several other reports. BMO Capital Markets cut their price target on shares of Northland Power from C$31.00 to C$30.00 and set an outperform rating on the stock in a report on Thursday, February 22nd. Raymond James dropped their target price on shares of Northland Power from C$35.00 to C$32.00 and set a strong-buy rating on the stock in a research note on Friday, February 23rd. Finally, National Bankshares boosted their target price on shares of Northland Power from C$32.00 to C$34.00 and gave the company an outperform rating in a research note on Tuesday, January 9th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Northland Power has an average rating of Buy and a consensus price target of C$32.13.
Read Our Latest Research Report on NPI
Northland Power Stock Down 1.2 %
Northland Power (TSE:NPI – Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share for the quarter, missing the consensus estimate of C$0.43 by C($0.92). Northland Power had a negative return on equity of 2.09% and a negative net margin of 7.85%. The firm had revenue of C$626.22 million for the quarter, compared to analysts’ expectations of C$614.15 million. On average, equities research analysts forecast that Northland Power will post 1.1793651 EPS for the current fiscal year.
Northland Power Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date of this dividend is Monday, April 29th. Northland Power’s dividend payout ratio (DPR) is presently -166.67%.
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.
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