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

Northland Power, Inc. (OTCMKTS:NPIFF)’s stock price gapped down before the market opened on Monday. The stock had previously closed at $15.5190, but opened at $14.79. Northland Power shares last traded at $14.79, with a volume of 360 shares traded.

Wall Street Analyst Weigh In

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

Northland Power Stock Performance

The company has a market cap of $4.08 billion, a P/E ratio of -38.07 and a beta of 0.06. The firm has a 50 day moving average of $15.47 and a 200-day moving average of $15.98. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.32.

Northland Power Company Profile

Northland Power Inc is a Canadian independent power producer that develops, owns and operates renewable and other clean-energy infrastructure. The company’s activities include offshore and onshore wind, solar power, and efficient natural-gas generation, with a focus on supplying electricity through long-term commercial arrangements and power markets.

Founded in 1987, Northland has expanded from its Canadian roots into an international clean-energy business. Its portfolio and development activities have included projects in Canada, Germany, the Netherlands, Taiwan and other markets, spanning utility-scale renewable generation and offshore wind.