Northland Power (OTCMKTS:NPIFF) Shares Gap Down – Here’s Why

Northland Power, Inc. (OTCMKTS:NPIFF) gapped down before the market opened on Tuesday . The stock had previously closed at $16.2145, but opened at $15.59. Northland Power shares last traded at $16.34, with a volume of 1,412 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Northland Power in a research report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Northland Power Trading Up 4.0%

The stock has a 50 day moving average of $16.01 and a 200-day moving average of $15.05. The company has a market capitalization of $4.37 billion and a P/E ratio of -34.12. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.42.

Northland Power (OTCMKTS:NPIFF) last released its earnings results on Wednesday, February 25th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.20. The company had revenue of $525.98 million for the quarter, compared to analysts’ expectations of $484.58 million. Northland Power had a negative net margin of 7.04% and a positive return on equity of 9.75%.

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.