FY2025 EPS Estimates for Northland Power Lowered by Analyst

Northland Power Inc. (TSE:NPI) – Equities research analysts at Atb Cap Markets cut their FY2025 EPS estimates for Northland Power in a research report issued to clients and investors on Thursday, July 17th. Atb Cap Markets analyst N. Heywood now forecasts that the solar energy provider will post earnings of $1.03 per share for the year, down from their prior estimate of $1.07.

NPI has been the topic of a number of other research reports. Cormark lowered shares of Northland Power from a “moderate buy” rating to a “hold” rating in a research report on Thursday, May 15th. National Bank Financial upgraded Northland Power to a “strong-buy” rating in a research note on Sunday, June 8th. Finally, Scotiabank raised Northland Power from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$25.00 to C$26.00 in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$27.08.

Northland Power Price Performance

TSE:NPI opened at C$23.04 on Monday. Northland Power has a 52 week low of C$16.14 and a 52 week high of C$24.25. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. The firm’s 50-day simple moving average is C$21.44 and its 200 day simple moving average is C$19.52. The firm has a market cap of C$6.04 billion, a price-to-earnings ratio of -42.21, a P/E/G ratio of 0.71 and a beta of 0.47.

Northland Power Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend is Thursday, July 31st. Northland Power’s dividend payout ratio is currently -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.