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

Northland Power Inc. (TSE:NPI) Director Lisa Colnett acquired 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was acquired at an average price of C$16.33 per share, for a total transaction of C$24,495.00. Following the completion of the acquisition, the director directly owned 5,616 shares of the company’s stock, valued at C$91,709.28. This trade represents a 36.44% increase in their ownership of the stock.

Northland Power Trading Up 0.2%

NPI traded up C$0.04 during trading on Friday, reaching C$17.26. 3,248,337 shares of the company’s stock were exchanged, compared to its average volume of 1,058,048. The company’s fifty day moving average price is C$20.92 and its 200-day moving average price is C$21.93. The firm has a market capitalization of C$4.51 billion, a PE ratio of -15.83, a P/E/G ratio of 0.71 and a beta of 0.79. Northland Power Inc. has a fifty-two week low of C$15.96 and a fifty-two week high of C$25.99. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17.

Northland Power (TSE:NPI) last posted its quarterly earnings results 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 company had revenue of C$554.48 million during the quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BMO Capital Markets lowered their price target on Northland Power from C$25.00 to C$23.00 in a research note on Friday, November 21st. ATB Capital decreased their price objective on shares of Northland Power from C$26.00 to C$23.00 in a report on Friday, November 21st. Raymond James Financial lowered their target price on shares of Northland Power from C$25.00 to C$23.00 in a research note on Monday, November 24th. Scotiabank reduced their price target on shares of Northland Power from C$24.00 to C$23.00 in a research report on Friday, November 21st. Finally, Desjardins lowered shares of Northland Power from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$23.28.

Northland Power Company Profile

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.