Insider Buying: Northland Power (TSE:NPI) Director Acquires C$24,495.00 in Stock

by · The Cerbat Gem

Northland Power Inc. (TSE:NPI – Get Free Report) Director Lisa Colnett bought 1,500 shares of Northland Power stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average cost of C$16.33 per share, with a total value of C$24,495.00. Following the completion of the purchase, the director owned 5,616 shares in the company, valued at approximately C$91,709.28. This trade represents a 36.44% increase in their position.

Northland Power Stock Up 0.2%

Shares of NPI traded up C$0.04 during midday trading on Friday, hitting C$17.26. The stock had a trading volume of 3,248,337 shares, compared to its average volume of 1,058,048. The firm has a market cap of C$4.51 billion, a price-to-earnings ratio of -15.83, a price-to-earnings-growth ratio of 0.71 and a beta of 0.79. The company has a 50 day simple moving average of C$20.92 and a two-hundred day simple 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. 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 – Get Free Report) last posted its quarterly earnings data on Thursday, November 13th. The solar energy provider reported C($1.58) earnings per share (EPS) for the quarter. Northland Power had a negative return on equity of 3.37% and a negative net margin of 5.92%.The firm had revenue of C$554.48 million for the quarter.

Wall Street Analyst Weigh In

Several research analysts recently commented on NPI shares. BMO Capital Markets reduced their target price on shares of Northland Power from C$25.00 to C$23.00 in a report on Friday, November 21st. ATB Capital cut their price target on shares of Northland Power from C$26.00 to C$23.00 in a research report on Friday, November 21st. Scotiabank reduced their price objective on shares of Northland Power from C$24.00 to C$23.00 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, Raymond James Financial lowered their target price on Northland Power from C$25.00 to C$23.00 in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$23.28.

Read Our Latest Report on Northland Power

About Northland Power

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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.

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