Northland Power (NPI) Reaches New 12-Month Low at $23.70

Northland Power (TSE:NPI)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as C$23.70 and last traded at C$23.79, with a volume of 254057 shares. The stock had previously closed at C$24.20.

A number of equities analysts recently commented on NPI shares. National Bank Financial raised their price target on shares of Northland Power from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. BMO Capital Markets set a C$25.00 price target on shares of Northland Power and gave the stock a “market perform” rating in a research report on Friday, January 19th. TD Securities lowered shares of Northland Power from an “action list buy” rating to a “buy” rating and set a C$28.00 price target on the stock. in a research report on Tuesday, May 1st. Finally, Desjardins raised their price target on shares of Northland Power from C$27.00 to C$27.50 in a research report on Tuesday, May 1st.

Northland Power (TSE:NPI) last released its earnings results on Thursday, February 22nd. The solar energy provider reported C$0.25 EPS for the quarter, missing the consensus estimate of C$0.33 by C($0.08). Northland Power had a net margin of 20.85% and a return on equity of 26.18%. The firm had revenue of C$394.61 million during the quarter, compared to the consensus estimate of C$320.12 million.

In other news, insider James C. Temerty bought 150,000 shares of the firm’s stock in a transaction on Friday, March 23rd. The shares were purchased at an average cost of C$22.83 per share, with a total value of C$3,424,500.00. Also, insider James C. Temerty bought 5,000 shares of the firm’s stock in a transaction on Monday, March 26th. The stock was purchased at an average cost of C$22.80 per share, for a total transaction of C$114,000.00.

About Northland Power

Northland Power Inc develops, builds, owns, and operates green power projects primarily in Canada and Europe. It generates electricity from thermal, wind, solar, hydro, and biomass power plants. As of December 2017, the company owned or had a net economic interest in power producing facilities with a total capacity of approximately 2,029 megawatts.

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