Northland Power (OTCMKTS:NPIFF) Shares Gap Up – Here’s Why

Northland Power, Inc. (OTCMKTS:NPIFF)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $15.25, but opened at $15.92. Northland Power shares last traded at $15.90, with a volume of 2,684 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NPIFF. Desjardins lowered Northland Power to a “hold” rating in a research report on Friday, November 14th. National Bank Financial restated an “outperform” rating on shares of Northland Power in a report on Wednesday, December 3rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Northland Power in a report on Friday, November 14th. Scotiabank reissued a “sector perform” rating on shares of Northland Power in a report on Friday, November 21st. Finally, TD Securities cut shares of Northland Power from a “buy” rating to a “hold” rating in a research report on Friday, November 21st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Northland Power Price Performance

The company has a debt-to-equity ratio of 1.49, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50-day moving average price is $13.82 and its 200-day moving average price is $15.01. The company has a market cap of $4.18 billion and a P/E ratio of -32.61.

Northland Power (OTCMKTS:NPIFF) last announced its earnings results on Wednesday, February 25th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. Northland Power had a negative net margin of 7.04% and a positive return on equity of 9.66%. The firm had revenue of $525.98 million during the quarter, compared to analyst estimates of $484.58 million.

About Northland Power

Northland Power Inc is a Canadian developer, owner and operator of power generation facilities, with a focus on clean and green energy. The company’s portfolio encompasses natural gas–fired, wind, solar and thermal projects, and its operations span from onshore and nearshore facilities in Canada to offshore wind farms in Europe. Northland Power is structured to manage all stages of a project’s lifecycle, from early-stage development and financing through construction and long-term operation.

In Canada, Northland Power operates a mix of combined-cycle gas turbines and peaking plants, as well as solar installations, serving industrial and municipal customers under long-term contracts.