Northland Power (TSE:NPI) Stock Passes Above 200-Day Moving Average – Should You Sell?

Northland Power Inc. (TSE:NPI)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$20.75 and traded as high as C$23.58. Northland Power shares last traded at C$23.16, with a volume of 1,583,318 shares changing hands.

Analysts Set New Price Targets

NPI has been the topic of a number of research reports. TD Securities increased their price objective 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. ATB Cormark Capital Markets reduced their target price on shares of Northland Power from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Tuesday, December 23rd. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Northland Power from C$22.00 to C$23.00 in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.63.

Northland Power Price Performance

The stock has a 50 day moving average of C$20.30 and a two-hundred day moving average of C$20.75. The company has a debt-to-equity ratio of 176.80, a quick ratio of 1.23 and a current ratio of 1.07. The firm has a market capitalization of C$6.06 billion, a P/E ratio of -35.63, a P/E/G ratio of 0.71 and a beta of 1.09.

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

About Northland Power

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.