Northland Power (TSE:NPI) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Northland Power Inc. (TSE:NPI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$20.74 and traded as high as C$22.22. Northland Power shares last traded at C$22.19, with a volume of 659,367 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NPI. National Bank Financial cut their price objective on Northland Power from C$27.00 to C$25.00 in a research report on Friday, November 21st. TD Securities increased their target price on Northland Power from C$21.00 to C$23.00 and gave the stock a “hold” rating in a report on Friday, February 27th. Scotiabank cut their price target on Northland Power from C$24.00 to C$23.00 in a report on Friday, November 21st. BMO Capital Markets reduced their price target on shares of Northland Power from C$25.00 to C$23.00 in a research report on Friday, November 21st. Finally, Raymond James Financial lowered their price objective on shares of Northland Power from C$25.00 to C$23.00 in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Northland Power has an average rating of “Moderate Buy” and an average target price of C$23.63.

Northland Power Price Performance

The company has a market capitalization of C$5.78 billion, a price-to-earnings ratio of -34.00, a PEG ratio of 0.71 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 1.23 and a debt-to-equity ratio of 176.80. The company has a 50 day moving average price of C$19.91 and a 200 day moving average price of C$20.75.

Northland Power (TSE:NPI) last issued its quarterly earnings results on Wednesday, February 25th. The solar energy provider reported C$0.93 earnings per share (EPS) for the quarter. The business had revenue of C$725.26 million for the quarter. Northland Power had a negative return on equity of 3.92% and a negative net margin of 6.69%.

Northland Power Company Profile

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.