FY2025 EPS Forecast for Northland Power Reduced by Analyst

Northland Power Inc. (TSE:NPI) – National Bank Financial lowered their FY2025 earnings per share (EPS) estimates for shares of Northland Power in a research report issued on Wednesday, May 14th. National Bank Financial analyst R. Merer now anticipates that the solar energy provider will post earnings per share of $1.25 for the year, down from their previous forecast of $1.43.

Other equities analysts also recently issued reports about the company. CIBC dropped their price objective on Northland Power from C$29.00 to C$28.00 in a research note on Friday, February 28th. Cormark downgraded Northland Power from a “moderate buy” rating to a “hold” rating in a research note on Thursday. Scotiabank raised Northland Power from a “hold” rating to a “strong-buy” rating in a research note on Thursday. TD Securities raised their price target on Northland Power from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, National Bankshares dropped their price target on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Northland Power currently has a consensus rating of “Buy” and an average price target of C$27.21.

Northland Power Stock Performance

TSE NPI opened at C$20.69 on Friday. Northland Power has a 1-year low of C$16.14 and a 1-year high of C$24.88. The company has a market capitalization of C$5.43 billion, a P/E ratio of -37.90, a PEG ratio of 0.71 and a beta of 0.47. The business has a 50 day moving average price of C$19.07 and a 200 day moving average price of C$18.89. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23.

Northland Power Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 5.80%. The ex-dividend date was Monday, March 31st. Northland Power’s payout ratio is -219.84%.

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.