Northland Power (TSE:NPI) Sets New 12-Month Low – Here’s Why

Northland Power Inc. (TSE:NPI) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$17.82 and last traded at C$18.15, with a volume of 41239 shares changing hands. The stock had previously closed at C$17.97.

Analysts Set New Price Targets

Separately, Raymond James upgraded shares of Northland Power to a “moderate buy” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$30.14.

Northland Power Trading Up 0.7 %

The company has a market capitalization of C$4.66 billion, a price-to-earnings ratio of 75.42, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. The business’s 50 day moving average price is C$20.49 and its two-hundred day moving average price is C$22.14.

Northland Power Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date of this dividend was Friday, November 29th. Northland Power’s payout ratio is 500.00%.

About Northland Power

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.