Northland Power (TSE:NPI) Director Eckhardt Guenter Ruemmler Acquires 1,195 Shares

Northland Power Inc. (TSE:NPI) Director Eckhardt Guenter Ruemmler acquired 1,195 shares of the stock in a transaction on Tuesday, November 25th. The shares were purchased at an average price of C$10.36 per share, for a total transaction of C$12,380.20. Following the completion of the transaction, the director owned 9,250 shares in the company, valued at approximately C$95,830. This represents a 14.84% increase in their position.

Eckhardt Guenter Ruemmler also recently made the following trade(s):

• On Wednesday, November 26th, Eckhardt Guenter Ruemmler bought 730 shares of Northland Power stock. The stock was acquired at an average price of C$9.98 per share, with a total value of C$7,285.40.

Northland Power Stock Performance

Shares of NPI stock opened at C$17.26 on Friday. Northland Power Inc. has a 1-year low of C$15.96 and a 1-year high of C$25.99. The company has a market capitalization of C$4.51 billion, a price-to-earnings ratio of -15.83, a P/E/G ratio of 0.71 and a beta of 0.79. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28. The stock’s fifty day simple moving average is C$20.92 and its 200-day simple moving average is C$21.94.

Northland Power (TSE:NPI) last released its earnings results on Thursday, November 13th. The solar energy provider reported C($1.58) earnings per share for the quarter. Northland Power had a negative net margin of 5.92% and a negative return on equity of 3.37%. The business had revenue of C$554.48 million for the quarter.

Analysts Set New Price Targets

A number of analysts recently issued reports on NPI shares. Scotiabank reduced their price objective on Northland Power from C$24.00 to C$23.00 in a research report on Friday, November 21st. Raymond James Financial reduced their target price on shares of Northland Power from C$25.00 to C$23.00 in a research note on Monday, November 24th. CIBC upped their price target on Northland Power from C$22.00 to C$23.00 in a research note on Wednesday. ATB Capital dropped their target price on shares of Northland Power from C$26.00 to C$23.00 in a report on Friday, November 21st. Finally, BMO Capital Markets dropped their price target on Northland Power from C$25.00 to C$23.00 in a research report on Friday, November 21st. 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, the stock has an average rating of “Moderate Buy” and an average price target of C$23.28.

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.