Equities Analysts Issue Forecasts for Northland Power Inc.’s Q1 2022 Earnings (TSE:NPI)

Northland Power Inc. (TSE:NPI – Get Rating) – Stock analysts at National Bank Financial reduced their Q1 2022 earnings estimates for Northland Power in a research note issued to investors on Wednesday, April 13th. National Bank Financial analyst R. Merer now expects that the solar energy provider will earn $0.59 per share for the quarter, down from their prior estimate of $0.63. National Bank Financial also issued estimates for Northland Power’s Q3 2022 earnings at $0.11 EPS and Q4 2022 earnings at $0.34 EPS.

NPI has been the topic of a number of other reports. BMO Capital Markets raised shares of Northland Power to a “buy” rating and dropped their price objective for the company from C$44.00 to C$41.00 in a research note on Monday, January 17th. Raymond James set a C$50.00 price objective on shares of Northland Power and gave the company an “outperform” rating in a research report on Monday, February 28th. Scotiabank lifted their target price on shares of Northland Power from C$42.25 to C$46.25 in a research report on Friday, April 8th. Tudor Pickering reissued a “buy” rating and set a C$43.00 price target on shares of Northland Power in a research note on Thursday, February 10th. Finally, ATB Capital reduced their price objective on shares of Northland Power from C$52.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 9th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Northland Power presently has an average rating of “Buy” and a consensus price target of C$46.79.

TSE:NPI opened at C$40.01 on Friday. The firm has a market cap of C$9.08 billion and a P/E ratio of 48.97. Northland Power has a 52 week low of C$34.95 and a 52 week high of C$44.20. The firm’s fifty day moving average is C$39.89 and its 200-day moving average is C$38.82. The company has a debt-to-equity ratio of 276.77, a quick ratio of 0.76 and a current ratio of 1.01.

Northland Power (TSE:NPI – Get Rating) last issued its quarterly earnings results on Thursday, February 24th. The solar energy provider reported C$0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.31 by C($0.04). The firm had revenue of C$640.09 million for the quarter, compared to the consensus estimate of C$557.00 million.

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 18th. Stockholders of record on Monday, April 18th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, March 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.00%. Northland Power’s payout ratio is presently 110.16%.

About Northland Power (Get Rating)

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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