Northland Power (OTCMKTS:NPIFF) Shares Gap Up – Should You Buy?

Northland Power, Inc. (OTCMKTS:NPIFF)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $15.05, but opened at $16.75. Northland Power shares last traded at $16.75, with a volume of 338 shares.

Analyst Upgrades and Downgrades

A number of analysts have commented on NPIFF shares. TD Securities restated a “hold” rating on shares of Northland Power in a research report on Friday, May 15th. BMO Capital Markets reiterated a “market perform” rating on shares of Northland Power in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Northland Power in a report on Friday, March 27th. Desjardins restated a “hold” rating on shares of Northland Power in a research note on Friday, May 1st. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Northland Power in a report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Northland Power Stock Up 4.3%

The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.37. The company has a 50 day simple moving average of $16.16 and a two-hundred day simple moving average of $15.61. The firm has a market capitalization of $4.10 billion and a P/E ratio of -37.37.

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.