Northland Power (TSE:NPI) Reaches New 1-Year Low – Here’s Why

Northland Power Inc. (TSE:NPI) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$19.11 and last traded at C$19.85, with a volume of 131356 shares trading hands. The stock had previously closed at C$20.22.

Northland Power Stock Performance

The firm has a fifty day simple moving average of C$21.62 and a 200-day simple moving average of C$22.56. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. The company has a market cap of C$5.20 billion, a PE ratio of 84.17, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47.

Northland Power (TSE:NPI) last released its quarterly earnings results 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. The company had revenue of C$528.97 million for the quarter, compared to analyst estimates of C$526.10 million. Northland Power had a return on equity of 3.95% and a net margin of 2.98%.

Northland Power Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.94%. Northland Power’s payout ratio 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.