Christine Healy Acquires 30,000 Shares of Northland Power (TSE:NPI) Stock

Northland Power Inc. (TSE:NPI) insider Christine Healy bought 30,000 shares of Northland Power stock in a transaction that occurred on Thursday, November 27th. The stock was bought at an average cost of C$16.71 per share, for a total transaction of C$501,300.00. Following the purchase, the insider owned 30,000 shares in the company, valued at C$501,300. This represents a ∞ increase in their position.

Northland Power Price Performance

Northland Power stock traded up C$0.04 during mid-day trading on Friday, hitting C$17.26. 3,248,337 shares of the company were exchanged, compared to its average volume of 1,058,048. Northland Power Inc. has a 12-month low of C$15.96 and a 12-month high of C$25.99. The company has a market capitalization of C$4.51 billion, a P/E ratio of -15.83, a PEG ratio of 0.71 and a beta of 0.79. The business’s 50 day simple moving average is C$20.92 and its two-hundred day simple moving average is C$21.93. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23.

Northland Power (TSE:NPI) last posted its quarterly earnings data on Thursday, November 13th. The solar energy provider reported C($1.58) EPS for the quarter. The company had revenue of C$554.48 million for the quarter. Northland Power had a negative net margin of 5.92% and a negative return on equity of 3.37%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NPI. CIBC boosted their price objective on shares of Northland Power from C$22.00 to C$23.00 in a research report on Wednesday. Scotiabank lowered their target price on shares of Northland Power from C$24.00 to C$23.00 in a research note on Friday, November 21st. TD Securities lowered Northland Power from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$22.00 to C$19.00 in a research note on Friday, November 21st. National Bankshares decreased their price objective on Northland Power from C$27.00 to C$25.00 in a report on Friday, November 21st. Finally, Desjardins lowered Northland Power from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.28.

About Northland Power

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.