Christine Healy Acquires 30,000 Shares of Northland Power (TSE:NPI) Stock

Northland Power Inc. (TSE:NPI) insider Christine Healy purchased 30,000 shares of the business’s stock in a transaction on Thursday, November 27th. The stock was purchased at an average cost of C$16.71 per share, for a total transaction of C$501,300.00. Following the completion of the acquisition, the insider directly owned 30,000 shares of the company’s stock, valued at approximately C$501,300. The trade was a ∞ increase in their position.

Northland Power Stock Performance

Shares of NPI stock opened at C$17.26 on Monday. Northland Power Inc. has a 12-month low of C$15.96 and a 12-month high of C$25.99. The business’s fifty day simple moving average is C$20.92 and its 200-day simple moving average is C$21.94. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28. The company has a market cap of C$4.51 billion, a PE ratio of -15.83, a PEG ratio of 0.71 and a beta of 0.79.

Northland Power (TSE:NPI) last announced its earnings results on Thursday, November 13th. The solar energy provider reported C($1.58) earnings per share for the quarter. Northland Power had a negative return on equity of 3.37% and a negative net margin of 5.92%.The business had revenue of C$554.48 million for the quarter.

Wall Street Analysts Forecast Growth

NPI has been the subject of several research analyst reports. TD Securities lowered shares of Northland Power from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$22.00 to C$19.00 in a research report on Friday, November 21st. Desjardins cut shares of Northland Power from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. Scotiabank lowered their price objective on shares of Northland Power from C$24.00 to C$23.00 in a research note on Friday, November 21st. National Bankshares cut their target price on Northland Power from C$27.00 to C$25.00 in a research report on Friday, November 21st. Finally, Raymond James Financial reduced their target price on Northland Power from C$25.00 to C$23.00 in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Northland Power currently has an average rating of “Moderate Buy” and an average target price of C$23.28.

Northland Power Company Profile

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.