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

Northland Power, Inc. (OTCMKTS:NPIFF) shares gapped up before the market opened on Friday. The stock had previously closed at $15.8980, but opened at $16.50. Northland Power shares last traded at $16.72, with a volume of 1,275 shares traded.

Analysts Set New Price Targets

Separately, TD Securities upgraded Northland Power from a “hold” rating to a “buy” rating in a research report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Northland Power Price Performance

The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of -41.17 and a beta of 0.10. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.32. The company’s 50 day simple moving average is $15.64 and its 200-day simple moving average is $15.79.

Northland Power Company Profile

Northland Power is a Canadian power producer that develops, owns and operates electricity-generation and energy-storage facilities. Its portfolio includes offshore and onshore wind, solar, natural gas and battery storage projects. Founded in 1987 and headquartered in Toronto, the company has expanded beyond Canada into international markets, including Europe and the Asia-Pacific region. Its activities span the development and construction of energy projects as well as the operation of facilities that supply electricity to power markets and customers.