Northland Power (OTCMKTS:NPIFF) Announces Earnings Results

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

Northland Power Stock Up 4.8%

Shares of Northland Power stock traded up $0.73 on Friday, hitting $15.98. The company had a trading volume of 31,029 shares, compared to its average volume of 87,140. The stock has a 50-day moving average of $13.75 and a 200-day moving average of $15.02. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.03 and a quick ratio of 1.03. Northland Power has a twelve month low of $11.43 and a twelve month high of $18.44. The firm has a market capitalization of $4.18 billion and a P/E ratio of -32.61.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Desjardins lowered Northland Power to a “hold” rating in a research report on Friday, November 14th. National Bank Financial reissued an “outperform” rating on shares of Northland Power in a research report on Wednesday, December 3rd. TD Securities downgraded 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 reiterated an “outperform” rating on shares of Northland Power in a research report on Friday, November 21st. Finally, Scotiabank reissued a “sector perform” rating on shares of Northland Power in a research note on Friday, November 21st. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently 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.