Northland Power (TSE:NPI) Hits New 1-Year Low – Time to Sell?

Northland Power Inc. (TSE:NPI)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as C$17.74 and last traded at C$17.74, with a volume of 1662792 shares. The stock had previously closed at C$18.51.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NPI. National Bankshares dropped their price objective on Northland Power from C$35.00 to C$34.00 in a research note on Wednesday, January 15th. CIBC dropped their price target on shares of Northland Power from C$31.00 to C$29.00 in a research report on Wednesday, January 8th. Finally, Raymond James upgraded shares of Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Northland Power presently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.71.

Northland Power Stock Performance

The stock has a market capitalization of C$4.51 billion, a P/E ratio of 73.00, a PEG ratio of 0.71 and a beta of 0.47. The stock’s 50-day simple moving average is C$18.91 and its 200 day simple moving average is C$21.15. 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 Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.85%. The ex-dividend date of this dividend is Friday, January 31st. Northland Power’s payout ratio is 500.00%.

Northland Power Company Profile

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.