Northland Power (OTCMKTS:NPIFF) Releases Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Northland Power (OTCMKTS:NPIFF) posted its quarterly earnings data on Wednesday. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20, Zacks reports. Northland Power had a positive return on equity of 9.66% and a negative net margin of 7.04%.The business had revenue of $525.98 million during the quarter, compared to the consensus estimate of $484.58 million.

Northland Power Trading Up 4.8%

Northland Power stock traded up $0.73 during trading hours on Friday, hitting $15.98. The stock had a trading volume of 31,029 shares, compared to its average volume of 87,140. The business’s 50 day simple moving average is $13.75 and its 200-day simple moving average is $15.02. Northland Power has a one year low of $11.43 and a one year high of $18.44. The stock has a market cap of $4.18 billion and a price-to-earnings ratio of -32.61. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.49.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. TD Securities lowered Northland Power from a “buy” rating to a “hold” rating in a research report on Friday, November 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of Northland Power in a research note on Friday, November 14th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Northland Power in a research report on Friday, November 21st. Scotiabank reiterated a “sector perform” rating on shares of Northland Power in a research note on Friday, November 21st. Finally, Desjardins lowered shares of Northland Power to a “hold” rating in a research note on Friday, November 14th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Northland Power presently has an average rating of “Moderate Buy”.

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.