Northland Power, Inc. (OTCMKTS:NPIFF) Given Average Rating of “Moderate Buy” by Analysts

Shares of Northland Power, Inc. (OTCMKTS:NPIFF) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

NPIFF has been the subject of a number of recent research reports. CIBC reiterated an “outperform” rating on shares of Northland Power in a research note on Friday, November 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Northland Power in a research report on Friday, November 14th. National Bankshares restated an “outperform” rating on shares of Northland Power in a research report on Wednesday, December 3rd. Desjardins cut shares of Northland Power to a “hold” rating in a research note on Friday, November 14th. Finally, TD Securities downgraded shares of Northland Power from a “buy” rating to a “hold” rating in a report on Friday, November 21st.

Northland Power Stock Down 1.3%

OTCMKTS:NPIFF opened at $13.80 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.03 and a quick ratio of 1.03. The company’s fifty day moving average price is $12.97 and its 200-day moving average price is $15.32. Northland Power has a 1-year low of $11.04 and a 1-year high of $18.44. The firm has a market capitalization of $3.61 billion and a P/E ratio of -17.03.

Northland Power Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.0714 dividend. This represents a dividend yield of 744.0%. The ex-dividend date was Friday, November 28th. Northland Power’s payout ratio is currently -64.20%.

About Northland Power

Northland Power Inc is a Canadian developer, owner and operator of power generation facilities, with a focus on clean and green energy. The company’s portfolio encompasses natural gas–fired, wind, solar and thermal projects, and its operations span from onshore and nearshore facilities in Canada to offshore wind farms in Europe. Northland Power is structured to manage all stages of a project’s lifecycle, from early-stage development and financing through construction and long-term operation.

In Canada, Northland Power operates a mix of combined-cycle gas turbines and peaking plants, as well as solar installations, serving industrial and municipal customers under long-term contracts.