Atb Cap Markets Cuts Earnings Estimates for Northland Power

Northland Power Inc. (TSE:NPI) – Stock analysts at Atb Cap Markets lowered their Q1 2025 earnings per share estimates for shares of Northland Power in a report released on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the solar energy provider will earn $0.42 per share for the quarter, down from their previous forecast of $0.52. Atb Cap Markets also issued estimates for Northland Power’s FY2025 earnings at $1.20 EPS.

Other equities research analysts have also recently issued reports about the stock. Scotiabank decreased their price objective on shares of Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. TD Securities boosted their target price on Northland Power from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Friday, February 28th. CIBC lowered their target price on shares of Northland Power from C$29.00 to C$28.00 in a research note on Friday, February 28th. Raymond James cut their target price on shares of Northland Power from C$30.00 to C$29.00 in a research report on Friday, February 28th. Finally, Cormark dropped their price objective on Northland Power from C$25.00 to C$23.50 in a research note on Thursday, January 30th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$27.21.

Northland Power Price Performance

Shares of NPI opened at C$18.86 on Friday. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. The firm has a market cap of C$4.95 billion, a PE ratio of -34.55, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a twelve month low of C$16.14 and a twelve month high of C$24.88. The firm’s 50 day moving average price is C$18.98 and its 200 day moving average price is C$19.17.

Northland Power Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $0.10 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.36%. Northland Power’s dividend payout ratio is currently -219.84%.

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.