Northland Power Inc. (TSE:NPI – Get Rating) – Equities research analysts at National Bank Financial boosted their FY2022 earnings per share (EPS) estimates for shares of Northland Power in a note issued to investors on Sunday, August 14th. National Bank Financial analyst R. Merer now expects that the solar energy provider will earn $2.84 per share for the year, up from their previous forecast of $2.00. The consensus estimate for Northland Power's current full-year earnings is $1.57 per share.

Other equities research analysts have also issued reports about the company. TD Securities increased their price target on Northland Power from C$47.00 to C$55.00 and gave the stock a "buy" rating in a research report on Monday. Raymond James raised their price target on Northland Power from C$50.00 to C$52.00 and gave the stock an "outperform" rating in a research report on Friday, August 12th. ATB Capital raised their price objective on Northland Power from C$50.00 to C$53.00 in a research note on Monday. CSFB lifted their price target on Northland Power from C$50.00 to C$51.00 in a research note on Wednesday, April 20th. Finally, National Bankshares raised their price objective on Northland Power from C$47.00 to C$49.00 and gave the company an "outperform" rating in a report on Tuesday. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Northland Power presently has an average rating of "Moderate Buy" and an average price target of C$49.10.

Northland Power Trading Down 0.1 %

Northland Power Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 15th were given a $0.10 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.63%. Northland Power's payout ratio is 49.38%.

Northland Power Company Profile

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Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydropower, as well as clean-burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

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