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

Northland Power Inc. (TSE:NPI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.84 and traded as high as C$24.03. Northland Power shares last traded at C$23.52, with a volume of 955,043 shares.

Wall Street Analyst Weigh In

NPI has been the subject of a number of research reports. TD Securities raised their target price on shares of Northland Power from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research note on Friday, February 27th. Canadian Imperial Bank of Commerce raised their target price on shares of Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, March 27th. Finally, ATB Cormark Capital Markets cut their target price on shares of Northland Power from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Northland Power presently has an average rating of “Moderate Buy” and a consensus price target of C$24.00.

Northland Power Stock Up 0.5%

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 firm’s 50 day simple moving average is C$21.59 and its two-hundred day simple moving average is C$20.84. The firm has a market cap of C$6.12 billion, a price-to-earnings ratio of -35.98, a PEG ratio of 0.71 and a beta of 0.78.

Northland Power (TSE:NPI) last issued its quarterly earnings data on Thursday, February 26th. The solar energy provider reported C$0.93 earnings per share for the quarter. Northland Power had a negative net margin of 6.69% and a negative return on equity of 3.92%. The business had revenue of C$725.26 million during the quarter.

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.