Northland Power (OTCMKTS:NPIFF) Trading Down 0.4% – Should You Sell?

Northland Power, Inc. (OTCMKTS:NPIFF)’s stock price dropped 0.4% on Monday . The stock traded as low as $16.09 and last traded at $16.09. Approximately 96,610 shares traded hands during mid-day trading, an increase of 20% from the average session volume of 80,447 shares. The stock had previously closed at $16.15.

Analyst Upgrades and Downgrades

NPIFF has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Northland Power in a research report on Friday, March 27th. Desjardins reaffirmed a “hold” rating on shares of Northland Power in a report on Friday, May 1st. BMO Capital Markets reiterated a “market perform” rating on shares of Northland Power in a research report on Thursday, May 14th. TD Securities reissued a “hold” rating on shares of Northland Power in a report on Friday, May 15th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Northland Power in a research note on Friday, May 15th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Northland Power Stock Down 1.7%

The stock’s 50-day moving average is $16.69 and its 200-day moving average is $15.26. The stock has a market cap of $4.05 billion and a P/E ratio of -36.90. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.37.

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.