Northland Power, Inc. (OTCMKTS:NPIFF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Northland Power, Inc. (OTCMKTS:NPIFF) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

Separately, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Northland Power in a research report on Friday, March 27th.

Northland Power Stock Performance

OTCMKTS NPIFF opened at $17.38 on Friday. Northland Power has a one year low of $11.43 and a one year high of $18.44. The company’s 50 day moving average price is $15.59 and its 200 day moving average price is $15.05. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $4.54 billion and a price-to-earnings ratio of -35.46.

Northland Power (OTCMKTS:NPIFF) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.34 by $0.20. Northland Power had a negative net margin of 7.04% and a positive return on equity of 9.75%. The firm had revenue of $525.98 million for 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.