TD Securities Increases Northland Power Inc. (NPI) Price Target to C$28.00

Northland Power Inc. (TSE:NPI) had its price target boosted by TD Securities from C$27.00 to C$28.00 in a research report released on Friday. The firm currently has an action list buy rating on the solar energy provider’s stock.

Several other research firms have also recently weighed in on NPI. Royal Bank Of Canada increased their price objective on shares of Northland Power from C$22.00 to C$23.00 and gave the stock a sector perform rating in a research report on Wednesday, August 23rd. BMO Capital Markets increased their price objective on shares of Northland Power from C$24.00 to C$24.50 in a research report on Friday, September 8th.

Shares of Northland Power (TSE NPI) opened at C$23.86 on Friday. Northland Power has a 12-month low of C$20.89 and a 12-month high of C$25.04.

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The business also recently announced a monthly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 4.53%. The ex-dividend date was Thursday, September 28th. Northland Power’s dividend payout ratio is presently 71.05%.

About Northland Power

Northland Power Inc (Northland) is an independent power producer. The Company develops, finances, builds, owns and operates facilities in Canada and internationally that produce clean and green energy using natural gas, biomass, wind and solar technology. Northland segments include thermal; renewable; managed, which includes management and operations services for Kirkland Lake, Cochrane and Canadian Environmental Energy Corporation (CEEC); offshore wind, including Gemini and Nordsee, and other, which includes investment income and administration of Northland.

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