Northland Power Inc. (TSE:NPI – Get Rating) declared a monthly dividend on Tuesday, August 30th, TickerTech reports. Stockholders of record on Thursday, September 15th will be paid a dividend of 0.10 per share by the solar energy provider on Thursday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Tuesday, August 30th.

Northland Power Stock Down 0.6 %

NPI stock traded down C$0.28 on Monday, hitting C$45.40. 474,721 shares of the company's stock were exchanged, compared to its average volume of 682,397. The firm has a 50 day moving average price of C$41.33 and a two-hundred day moving average price of C$40.18. Northland Power has a 12-month low of C$34.95 and a 12-month high of C$47.13. The stock has a market cap of C$10.69 billion and a P/E ratio of 18.68. The company has a debt-to-equity ratio of 186.75, a quick ratio of 0.99 and a current ratio of 1.28.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NPI. Raymond James boosted their price target on Northland Power from C$50.00 to C$52.00 and gave the stock an "outperform" rating in a research note on Friday, August 12th. Royal Bank of Canada upped their price target on shares of Northland Power from C$46.00 to C$48.00 and gave the company a "sector perform" rating in a research note on Monday, August 15th. CIBC boosted their price objective on shares of Northland Power from C$44.00 to C$48.00 in a report on Monday, August 15th. TD Securities raised their target price on Northland Power from C$47.00 to C$55.00 and gave the stock a "buy" rating in a research note on Monday, August 15th. Finally, National Bankshares increased 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, August 16th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Northland Power currently has an average rating of "Moderate Buy" and an average price target of C$49.44.

About Northland Power

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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