Northland Power Inc. (TSE:NPI) to Post Q3 2024 Earnings of $0.12 Per Share, National Bank Financial Forecasts

Northland Power Inc. (TSE:NPI) – Analysts at National Bank Financial decreased their Q3 2024 earnings estimates for shares of Northland Power in a research note issued on Thursday, October 10th. National Bank Financial analyst R. Merer now forecasts that the solar energy provider will post earnings of $0.12 per share for the quarter, down from their previous forecast of $0.15.

Separately, National Bankshares increased their price objective on shares of Northland Power from C$34.00 to C$35.00 in a research note on Thursday, July 11th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$30.38.

Northland Power Stock Down 0.8 %

TSE:NPI opened at C$21.33 on Monday. The firm has a market capitalization of C$5.50 billion, a P/E ratio of 88.88, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a 1-year low of C$19.36 and a 1-year high of C$25.36. The company’s fifty day moving average price is C$22.16 and its 200-day moving average price is C$22.67. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23.

Northland Power (TSE:NPI) last posted its quarterly earnings data on Wednesday, August 14th. The solar energy provider reported C$0.25 EPS for the quarter, topping the consensus estimate of C$0.17 by C$0.08. Northland Power had a net margin of 2.98% and a return on equity of 3.95%. The firm had revenue of C$528.97 million during the quarter, compared to analyst estimates of C$526.10 million.

Northland Power Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date is Thursday, October 31st. Northland Power’s dividend payout ratio (DPR) is 500.00%.

About Northland Power

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.