Northland Power (OTCMKTS:NPIFF) Shares Gap Up – Here’s What Happened

Northland Power, Inc. (OTCMKTS:NPIFF)’s share price gapped up prior to trading on Monday . The stock had previously closed at $16.86, but opened at $17.99. Northland Power shares last traded at $17.99, with a volume of 219 shares trading hands.

Northland Power Stock Performance

The company has a 50 day moving average price of $15.39 and a 200 day moving average price of $15.02. The firm has a market cap of $4.52 billion and a price-to-earnings ratio of -35.24. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.07 and a current ratio of 1.07.

Northland Power (OTCMKTS:NPIFF) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.34 by $0.20. Northland Power had a positive return on equity of 9.75% and a negative net margin of 7.04%.The business had revenue of $525.98 million for the quarter, compared to analyst estimates of $484.58 million.

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.