Northland Power (OTCMKTS:NPIFF) Shares Gap Up – Here’s Why
by Teresa Graham · The Cerbat GemNorthland Power, Inc. (OTCMKTS:NPIFF – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $13.96, but opened at $14.95. Northland Power shares last traded at $14.18, with a volume of 2,400 shares changing hands.
Analyst Upgrades and Downgrades
NPIFF has been the subject of a number of research reports. Desjardins downgraded Northland Power to a “hold” rating in a report on Friday, November 14th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Northland Power in a research note on Friday, November 14th. Scotiabank reiterated a “sector perform” rating on shares of Northland Power in a report on Friday, November 21st. TD Securities cut shares of Northland Power from a “buy” rating to a “hold” rating in a report on Friday, November 21st. Finally, CIBC reissued an “outperform” rating on shares of Northland Power in a research report on Friday, November 21st. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Northland Power currently has an average rating of “Moderate Buy”.
View Our Latest Report on NPIFF
Northland Power Stock Performance
The company has a market capitalization of $3.66 billion and a P/E ratio of -17.30. The stock’s fifty day moving average price is $12.84 and its 200-day moving average price is $15.40. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.03 and a current ratio of 1.03.
Northland Power Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.0714 dividend. This represents a dividend yield of 744.0%. The ex-dividend date of this dividend was Friday, November 28th. Northland Power’s dividend payout ratio (DPR) is presently -64.20%.
Northland Power Company Profile
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.