Northland Power (OTCMKTS:NPIFF) Shares Gap Up – Time to Buy?

Northland Power, Inc. (OTCMKTS:NPIFF)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $16.07, but opened at $17.06. Northland Power shares last traded at $17.06, with a volume of 230 shares trading hands.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Northland Power in a report on Friday, March 27th. Four research 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, Northland Power has an average rating of “Moderate Buy”.

Northland Power Stock Performance

The firm’s 50 day moving average price is $16.12 and its two-hundred day moving average price is $15.06. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $4.52 billion and a PE ratio of -35.31.

Northland Power (OTCMKTS:NPIFF) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.20. Northland Power had a negative net margin of 7.04% and a positive return on equity of 9.75%. The business had revenue of $525.98 million during the quarter, compared to analysts’ expectations of $484.58 million.

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.