Northland Power (OTCMKTS:NPIFF) Shares Gap Up – Still a Buy?

Northland Power, Inc. (OTCMKTS:NPIFF) shares gapped up before the market opened on Monday . The stock had previously closed at $15.05, but opened at $16.75. Northland Power shares last traded at $16.75, with a volume of 338 shares traded.

Analyst Upgrades and Downgrades

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

Northland Power Trading Down 0.8%

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.16 and a current ratio of 1.16. The stock’s 50-day simple moving average is $16.11 and its 200-day simple moving average is $15.65. The firm has a market capitalization of $4.05 billion and a PE ratio of -36.90.

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.