Northland Power (OTCMKTS:NPIFF) Posts Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Northland Power (OTCMKTS:NPIFF) posted its quarterly earnings results on Wednesday. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $525.98 million for the quarter, compared to analysts’ expectations of $484.58 million.

Northland Power Trading Up 4.8%

NPIFF traded up $0.73 during trading on Friday, hitting $15.98. 31,029 shares of the stock were exchanged, compared to its average volume of 87,140. 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 50 day simple moving average of $13.75 and a 200 day simple moving average of $15.02. The firm has a market cap of $4.18 billion and a price-to-earnings ratio of -32.61. Northland Power has a 1 year low of $11.43 and a 1 year high of $18.44.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NPIFF. Scotiabank reissued a “sector perform” rating on shares of Northland Power in a report on Friday, November 21st. National Bank Financial reissued an “outperform” rating on shares of Northland Power in a report on Wednesday, December 3rd. Desjardins downgraded Northland Power to a “hold” rating in a research note on Friday, November 14th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Northland Power in a research report on Friday, November 14th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Northland Power in a research report on Friday, November 21st. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Northland Power presently has an average rating of “Moderate Buy”.

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.