Northland Power Inc. Forecasted to Post Q4 2023 Earnings of $0.45 Per Share (TSE:NPI)

Northland Power Inc. (TSE:NPIFree Report) – Analysts at Atb Cap Markets boosted their Q4 2023 earnings estimates for shares of Northland Power in a research report issued on Sunday, February 4th. Atb Cap Markets analyst N. Heywood now anticipates that the solar energy provider will post earnings per share of $0.45 for the quarter, up from their prior estimate of $0.38. The consensus estimate for Northland Power’s current full-year earnings is $1.27 per share.

NPI has been the topic of a number of other research reports. Raymond James decreased their price objective on Northland Power from C$43.00 to C$35.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 26th. Desjardins decreased their price objective on Northland Power from C$30.00 to C$29.00 and set a “buy” rating on the stock in a report on Tuesday, December 12th. National Bankshares raised their price objective on Northland Power from C$32.00 to C$34.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. ATB Capital decreased their price objective on Northland Power from C$38.00 to C$32.00 and set an “outperform” rating on the stock in a report on Thursday, October 19th. Finally, TD Securities decreased their price objective on Northland Power from C$29.00 to C$27.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$32.71.

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Northland Power Price Performance

Northland Power stock opened at C$23.82 on Tuesday. The company’s fifty day moving average price is C$23.91 and its 200 day moving average price is C$23.44. The company has a debt-to-equity ratio of 167.47, a quick ratio of 1.23 and a current ratio of 0.91. The stock has a market capitalization of C$6.05 billion, a P/E ratio of 15.27, a P/E/G ratio of 0.71 and a beta of 0.50. Northland Power has a 1 year low of C$19.36 and a 1 year high of C$34.85.

Northland Power (TSE:NPIGet Free Report) last released its quarterly earnings results on Thursday, November 9th. The solar energy provider reported C$0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.01. Northland Power had a net margin of 17.32% and a return on equity of 10.85%. The firm had revenue of C$513.29 million for the quarter, compared to analysts’ expectations of C$491.40 million.

Northland Power Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, January 30th. This represents a $1.20 annualized dividend and a dividend yield of 5.04%. Northland Power’s dividend payout ratio is presently 76.92%.

About Northland Power

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Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydropower, as well as clean-burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

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Earnings History and Estimates for Northland Power (TSE:NPI)

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