FY2025 EPS Estimates for Northland Power Reduced by Analyst

Northland Power Inc. (TSE:NPI) – Equities researchers at Atb Cap Markets reduced their FY2025 EPS estimates for Northland Power in a research report issued on Sunday, October 19th. Atb Cap Markets analyst N. Heywood now forecasts that the solar energy provider will post earnings of $0.49 per share for the year, down from their prior forecast of $0.55.

Other equities research analysts have also recently issued reports about the stock. CIBC boosted their price target on shares of Northland Power from C$28.00 to C$29.00 in a research report on Monday, July 21st. Desjardins reduced their price target on shares of Northland Power from C$28.00 to C$27.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Finally, Raymond James Financial reduced their target price on shares of Northland Power from C$29.00 to C$28.00 and set an “outperform” rating for the company in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$27.07.

Northland Power Price Performance

Shares of NPI opened at C$24.49 on Tuesday. Northland Power has a 1-year low of C$16.14 and a 1-year high of C$25.20. The stock has a market cap of C$6.40 billion, a PE ratio of -116.62, a price-to-earnings-growth ratio of 0.71 and a beta of 0.85. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23. The firm has a fifty day moving average price of C$23.07 and a 200 day moving average price of C$21.61.

Northland Power Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Thursday, July 31st. Northland Power’s dividend payout ratio is presently -571.43%.

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.