Northland Power (OTCMKTS:NPIFF) Trading Down 2.5% – Here’s Why

Northland Power, Inc. (OTCMKTS:NPIFF) was down 2.5% on Friday . The company traded as low as $15.70 and last traded at $15.70. Approximately 38,278 shares were traded during trading, a decline of 21% from the average daily volume of 48,737 shares. The stock had previously closed at $16.11.

Analyst Ratings Changes

NPIFF has been the subject of several recent research reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Northland Power in a research note on Friday, November 21st. TD Securities cut Northland Power from a “buy” rating to a “hold” rating in a research report on Friday, November 21st. Scotiabank reissued a “sector perform” rating on shares of Northland Power in a research report on Friday, November 21st. Finally, National Bank Financial restated an “outperform” rating on shares of Northland Power in a research note on Wednesday, December 3rd. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Northland Power Trading Down 2.5%

The stock has a market capitalization of $4.11 billion and a P/E ratio of -32.04. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.49. The business has a 50-day moving average price of $14.65 and a two-hundred day moving average price of $14.99.

Northland Power (OTCMKTS:NPIFF) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. The company had revenue of $525.98 million for the quarter, compared to analysts’ expectations of $484.58 million. Northland Power had a positive return on equity of 9.66% and a negative net margin of 7.04%.

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.