Insider Buying: Northland Power (TSE:NPI) Director Acquires 1,195 Shares of Stock

Northland Power Inc. (TSE:NPI) Director Eckhardt Guenter Ruemmler bought 1,195 shares of the stock in a transaction on Tuesday, November 25th. The shares were acquired at an average cost of C$10.36 per share, with a total value of C$12,380.20. Following the purchase, the director owned 9,250 shares of the company’s stock, valued at approximately C$95,830. This represents a 14.84% increase in their position.

Eckhardt Guenter Ruemmler also recently made the following trade(s):

• On Wednesday, November 26th, Eckhardt Guenter Ruemmler purchased 730 shares of Northland Power stock. The stock was bought at an average price of C$9.98 per share, for a total transaction of C$7,285.40.

Northland Power Price Performance

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

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

Analyst Ratings Changes

NPI has been the subject of a number of research reports. National Bankshares dropped their price objective on shares of Northland Power from C$27.00 to C$25.00 in a report on Friday, November 21st. Raymond James Financial decreased their price target on shares of Northland Power from C$25.00 to C$23.00 in a research report on Monday, November 24th. Scotiabank dropped their price target on shares of Northland Power from C$24.00 to C$23.00 in a research note on Friday, November 21st. ATB Capital cut their target price on Northland Power from C$26.00 to C$23.00 in a report on Friday, November 21st. Finally, CIBC increased their price target on Northland Power from C$22.00 to C$23.00 in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.