Northland Power (TSE:NPI) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Northland Power Inc. (TSE:NPI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$20.61 and traded as high as C$22.83. Northland Power shares last traded at C$22.44, with a volume of 649,781 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NPI shares. Scotia increased their target price on Northland Power from C$23.00 to C$25.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. TD Securities increased their target price on Northland Power from C$21.00 to C$23.00 and gave the company a “hold” rating in a report on Friday, February 27th. TD increased their target price on Northland Power from C$24.00 to C$25.00 and gave the company a “hold” rating in a report on Friday, May 15th. Desjardins dropped their target price on Northland Power from C$24.00 to C$23.00 and set a “hold” rating for the company in a report on Friday, May 15th. Finally, ATB Cormark Capital Markets increased their target price on Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$24.80.

Northland Power Trading Down 1.6%

The company has a market cap of C$5.87 billion, a PE ratio of -39.37, a PEG ratio of 0.71 and a beta of 0.81. The company has a current ratio of 1.16, a quick ratio of 1.23 and a debt-to-equity ratio of 168.64. The stock has a 50 day moving average price of C$23.27 and a 200 day moving average price of C$20.61.

Northland Power (TSE:NPI) last released its earnings results on Thursday, May 14th. The solar energy provider reported C$0.33 EPS for the quarter. The company had revenue of C$776.97 million during the quarter. Northland Power had a negative return on equity of 3.45% and a negative net margin of 5.52%.

Northland Power Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were paid a $0.06 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Thursday, April 30th. Northland Power’s dividend payout ratio (DPR) is presently -182.46%.

About Northland Power

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. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.