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

Shares of Northland Power, Inc. (OTCMKTS:NPIFF) gapped down prior to trading on Tuesday . The stock had previously closed at $13.34, but opened at $12.72. Northland Power shares last traded at $13.4440, with a volume of 4,218 shares traded.

Analyst Ratings Changes

NPIFF has been the topic of a number of research analyst reports. Scotiabank restated a “sector perform” rating on shares of Northland Power in a research note on Friday, November 21st. CIBC reissued an “outperform” rating on shares of Northland Power in a research report on Friday, November 21st. TD Securities downgraded Northland Power from a “buy” rating to a “hold” rating in a research note on Friday, November 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Northland Power in a research note on Friday, November 14th. Finally, National Bankshares reissued an “outperform” rating on shares of Northland Power in a report on Wednesday, December 3rd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Northland Power Price Performance

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.49. The stock has a market cap of $3.53 billion and a P/E ratio of -16.64. The business’s 50-day simple moving average is $13.41 and its two-hundred day simple moving average is $15.56.

Northland Power Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.0714 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 744.0%. Northland Power’s dividend payout ratio (DPR) is -64.20%.

Northland Power Company Profile

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.