Atb Cap Markets Comments on Northland Power Inc.’s Q1 2024 Earnings (TSE:NPI)

Northland Power Inc. (TSE:NPI) – Analysts at Atb Cap Markets boosted their Q1 2024 earnings per share (EPS) estimates for shares of Northland Power in a research report issued to clients and investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the solar energy provider will earn $0.54 per share for the quarter, up from their prior forecast of $0.52. The consensus estimate for Northland Power’s current full-year earnings is $1.18 per share. Atb Cap Markets also issued estimates for Northland Power’s FY2024 earnings at $1.27 EPS.

NPI has been the topic of a number of other reports. Raymond James lowered Northland Power from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from C$32.00 to C$30.00 in a report on Thursday. BMO Capital Markets decreased their target price on Northland Power from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a report on Thursday, February 22nd. CIBC decreased their target price on Northland Power from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. Finally, National Bankshares upped 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. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$31.96.

Northland Power Stock Down 0.8 %

NPI stock opened at C$20.50 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.23 and a debt-to-equity ratio of 165.58. The firm has a market capitalization of C$5.24 billion, a PE ratio of -28.47, a PEG ratio of 0.71 and a beta of 0.45. Northland Power has a 1-year low of C$19.36 and a 1-year high of C$33.80. The business’s 50 day simple moving average is C$22.47 and its 200 day simple moving average is C$22.79.

Northland Power (TSE:NPI) last posted its earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.92). The business had revenue of C$626.22 million for the quarter, compared to analyst estimates of C$614.15 million. Northland Power had a negative return on equity of 2.09% and a negative net margin of 7.85%.

Northland Power Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, April 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.85%. Northland Power’s payout ratio is -166.67%.

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.