Northland Power Inc. (TSE:NPI – Free Report) – Equities research analysts at Raymond James lifted their Q3 2024 EPS estimates for Northland Power in a research report issued to clients and investors on Wednesday, July 24th. Raymond James analyst D. Quezada now expects that the solar energy provider will earn $0.24 per share for the quarter, up from their previous estimate of $0.18. Raymond James currently has a “Outperform” rating and a $30.00 target price on the stock. The consensus estimate for Northland Power’s current full-year earnings is $1.30 per share. Raymond James also issued estimates for Northland Power’s Q4 2024 earnings at $0.43 EPS and FY2024 earnings at $1.17 EPS.
Northland Power (TSE:NPI – Get Free Report) last announced its earnings results on Wednesday, May 15th. The solar energy provider reported C$0.29 earnings per share for the quarter, missing the consensus estimate of C$0.55 by C($0.26). Northland Power had a negative net margin of 7.16% and a negative return on equity of 1.15%. The company had revenue of C$754.92 million during the quarter, compared to analysts’ expectations of C$684.27 million.
View Our Latest Analysis on Northland Power
Northland Power Price Performance
Shares of TSE NPI opened at C$23.07 on Friday. 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 company has a market cap of C$5.92 billion, a PE ratio of -32.96, a P/E/G ratio of 0.71 and a beta of 0.44. The stock has a fifty day moving average price of C$23.81 and a 200 day moving average price of C$23.26. Northland Power has a 1-year low of C$19.36 and a 1-year high of C$27.09.
Northland Power Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.20 annualized dividend and a yield of 5.20%. Northland Power’s dividend payout ratio (DPR) is currently -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.
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