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

Northland Power, Inc. (OTCMKTS:NPIFF)’s stock price gapped down before the market opened on Tuesday. The stock had previously closed at $15.67, but opened at $13.03. Northland Power shares last traded at $15.56, with a volume of 917 shares trading hands.

Analysts Set New Price Targets

Separately, TD Securities raised Northland Power from a “hold” rating to a “buy” rating in a report on Friday, August 14th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Northland Power Price Performance

The business’s 50-day moving average price is $15.46 and its 200 day moving average price is $16.01. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $4.00 billion, a P/E ratio of -37.27 and a beta of 0.06.

About Northland Power

Northland Power Inc is a Canadian independent power producer that develops, owns and operates renewable and sustainable energy infrastructure. The company’s portfolio includes offshore and onshore wind, solar power, efficient natural gas generation and energy storage projects.

Founded in 1987 and headquartered in Toronto, Ontario, Northland Power has expanded its activities beyond Canada into international markets. Its projects and development activities have included Canada, the United States, Europe and selected countries in Asia and Latin America, with a particular focus on large-scale offshore wind opportunities.

Northland Power manages the full project lifecycle, including development, construction, ownership and operation of electricity-generating facilities.