Northland Power, Inc. (OTCMKTS:NPIFF) Receives Consensus Rating of “Moderate Buy” from Analysts

Northland Power, Inc. (OTCMKTS:NPIFF) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

A number of equities research analysts recently weighed in on the stock. Scotiabank reaffirmed a “sector perform” rating on shares of Northland Power in a research note on Friday, November 21st. Desjardins cut Northland Power to a “hold” rating in a research note on Friday, November 14th. CIBC reaffirmed an “outperform” rating on shares of Northland Power in a research note on Friday, November 21st. National Bankshares restated an “outperform” rating on shares of Northland Power in a report on Wednesday, December 3rd. Finally, TD Securities cut 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%

Northland Power stock opened at $13.80 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.49. 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 price-to-earnings ratio of -17.03. The firm has a 50 day simple moving average of $12.97 and a 200 day simple moving average of $15.30.

Northland Power Cuts Dividend

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

Northland Power Company Profile

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.