Northland Power (TSE:NPI) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Northland Power Inc. (TSE:NPI)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$20.84 and traded as high as C$24.03. Northland Power shares last traded at C$23.52, with a volume of 955,043 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. TD Securities upped their price target on Northland Power from C$21.00 to C$23.00 and gave the stock a “hold” rating in a report on Friday, February 27th. Canadian Imperial Bank of Commerce boosted their target price on Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, March 27th. Finally, ATB Cormark Capital Markets lowered their target price on Northland Power from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Northland Power has an average rating of “Moderate Buy” and a consensus price target of C$24.00.

Northland Power Stock Down 1.8%

The company has a market cap of C$6.15 billion, a PE ratio of -36.18, a P/E/G ratio of 0.71 and a beta of 0.78. The company has a quick ratio of 1.23, a current ratio of 1.07 and a debt-to-equity ratio of 176.80. The firm’s fifty day simple moving average is C$21.51 and its 200-day simple moving average is C$20.84.

Northland Power (TSE:NPI) last issued its quarterly earnings data on Thursday, February 26th. The solar energy provider reported C$0.93 earnings per share for the quarter. Northland Power had a negative net margin of 6.69% and a negative return on equity of 3.92%. The business had revenue of C$725.26 million during the quarter.

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.