Q4 2024 EPS Estimates for Northland Power Inc. Cut by Analyst (TSE:NPI)

Northland Power Inc. (TSE:NPI) – Investment analysts at National Bank Financial lowered their Q4 2024 earnings per share (EPS) estimates for shares of Northland Power in a research report issued on Thursday, August 15th. National Bank Financial analyst R. Merer now anticipates that the solar energy provider will earn $0.37 per share for the quarter, down from their previous forecast of $0.39. The consensus estimate for Northland Power’s current full-year earnings is $1.35 per share. National Bank Financial also issued estimates for Northland Power’s FY2025 earnings at $1.39 EPS.

Several other research firms also recently weighed in on NPI. Scotiabank boosted their price target on Northland Power from C$27.00 to C$28.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 12th. Desjardins boosted their price target on Northland Power from C$27.00 to C$29.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. National Bankshares boosted their price target on Northland Power from C$34.00 to C$35.00 in a research note on Thursday, July 11th. CIBC boosted their price target on Northland Power from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, TD Securities boosted their price target on Northland Power from C$27.00 to C$28.00 and gave the company a “buy” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$31.00.

Northland Power Trading Down 0.7 %

Shares of TSE:NPI opened at C$22.30 on Monday. The company has a debt-to-equity ratio of 164.02, a current ratio of 1.16 and a quick ratio of 1.23. The business’s 50-day moving average is C$23.53 and its 200 day moving average is C$23.07. The firm has a market capitalization of C$5.72 billion, a P/E ratio of -31.86, a P/E/G ratio of 0.71 and a beta of 0.46. Northland Power has a 1 year low of C$19.36 and a 1 year high of C$26.19.

Northland Power Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.20 dividend on an annualized basis and a yield of 5.38%. Northland Power’s payout ratio is -171.43%.

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.