Northland Power (OTCMKTS:NPIFF) Trading Down 2.5% – Here’s Why

Northland Power, Inc. (OTCMKTS:NPIFF) was down 2.5% on Friday . The company traded as low as $15.70 and last traded at $15.70. Approximately 38,278 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 48,737 shares. The stock had previously closed at $16.11.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NPIFF shares. Scotiabank reissued a “sector perform” rating on shares of Northland Power in a research note on Friday, November 21st. TD Securities cut shares of Northland Power from a “buy” rating to a “hold” rating in a research report on Friday, November 21st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Northland Power in a report on Friday, November 21st. Finally, National Bank Financial reiterated an “outperform” rating on shares of Northland Power in a research report on Wednesday, December 3rd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Northland Power Price Performance

The business has a fifty day moving average of $14.65 and a two-hundred day moving average of $14.99. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $4.11 billion and a price-to-earnings ratio of -32.04.

Northland Power (OTCMKTS:NPIFF) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.20. 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.

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.