Northland Power (TSE:NPI) Reaches New 1-Year Low – Here’s Why

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

Northland Power Stock Performance

The stock has a 50-day moving average price of C$21.62 and a 200 day moving average price of C$22.56. 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 firm has a market capitalization of C$5.20 billion, a price-to-earnings ratio of 84.17, a P/E/G ratio of 0.71 and a beta of 0.47.

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

Northland Power Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th 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 dividend yield of 5.94%. Northland Power’s dividend payout ratio (DPR) is currently 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.