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

Shares of Northland Power, Inc. (OTCMKTS:NPIFF) gapped down prior to trading on Tuesday. The stock had previously closed at $15.67, but opened at $13.03. Northland Power shares last traded at $15.56, with a volume of 917 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TD Securities raised shares of Northland Power from a “hold” rating to a “buy” rating in a research report on Friday, August 14th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Northland Power Trading Down 0.1%

The business has a 50-day simple moving average of $15.45 and a two-hundred day simple moving average of $16.03. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of -37.95 and a beta of 0.06. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.04 and a quick ratio of 1.04.

About Northland Power

Northland Power Inc is a Canadian independent power producer that develops, owns and operates renewable and sustainable energy infrastructure. The company’s portfolio includes offshore and onshore wind, solar power, efficient natural gas generation and energy storage projects.

Founded in 1987 and headquartered in Toronto, Ontario, Northland Power has expanded its activities beyond Canada into international markets. Its projects and development activities have included Canada, the United States, Europe and selected countries in Asia and Latin America, with a particular focus on large-scale offshore wind opportunities.

Northland Power manages the full project lifecycle, including development, construction, ownership and operation of electricity-generating facilities.