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 $14.35, but opened at $13.37. Northland Power shares last traded at $14.3380, with a volume of 1,687 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NPIFF shares. Scotiabank restated a “sector perform” rating on shares of Northland Power in a report on Friday, November 21st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Northland Power in a research report on Friday, November 21st. National Bank Financial restated an “outperform” rating on shares of Northland Power in a report on Wednesday, December 3rd. Desjardins cut shares of Northland Power to a “hold” rating in a research report on Friday, November 14th. Finally, TD Securities downgraded Northland Power from a “buy” rating to a “hold” rating in a report on Friday, November 21st. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Northland Power Stock Up 0.0%

The company has a market cap of $3.76 billion and a price-to-earnings ratio of -17.76. The stock’s 50-day moving average is $13.49 and its 200-day moving average is $15.07. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.49.

Northland Power Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.0714 dividend. The ex-dividend date was Friday, November 28th. This represents a dividend yield of 744.0%. Northland Power’s dividend payout ratio (DPR) is currently -64.20%.

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.