Northland Power (OTCMKTS:NPIFF) Shares Down 2.5% – Here’s What Happened

Northland Power, Inc. (OTCMKTS:NPIFF)’s share price was down 2.5% on Friday . The company traded as low as $15.70 and last traded at $15.70. Approximately 38,278 shares changed hands during trading, a decline of 21% from the average daily volume of 48,737 shares. The stock had previously closed at $16.11.

Analyst Ratings Changes

Separately, National Bank Financial restated an “outperform” rating on shares of Northland Power in a research note on Wednesday, December 3rd. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Northland Power presently has a consensus rating of “Moderate Buy”.

Northland Power Stock Down 2.5%

The firm has a market capitalization of $4.11 billion and a P/E ratio of -32.04. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day moving average of $14.65 and a 200-day moving average of $14.99.

Northland Power (OTCMKTS:NPIFF) last issued its earnings results on Wednesday, February 25th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. Northland Power had a negative net margin of 7.04% and a positive return on equity of 9.66%. The firm had revenue of $525.98 million during the quarter, compared to analyst estimates 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.