Northland Power (OTCMKTS:NPIFF) Shares Gap Down – Here’s What Happened

Northland Power, Inc. (OTCMKTS:NPIFF) gapped down prior to trading on Tuesday . The stock had previously closed at $12.9980, but opened at $12.50. Northland Power shares last traded at $12.50, with a volume of 724 shares traded.

Wall Street Analyst Weigh In

NPIFF has been the subject of a number of analyst reports. Scotiabank reissued a “sector perform” rating on shares of Northland Power in a research note on Friday, November 21st. TD Securities lowered Northland Power from a “buy” rating to a “hold” rating in a research report on Friday, November 21st. CIBC reiterated an “outperform” rating on shares of Northland Power in a report on Friday, November 21st. National Bankshares reaffirmed an “outperform” rating on shares of Northland Power in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Northland Power in a research note on Friday, November 14th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Northland Power Price Performance

The company has a debt-to-equity ratio of 1.49, a current ratio of 1.03 and a quick ratio of 1.03. The business’s fifty day moving average price is $14.39 and its 200-day moving average price is $15.75. The stock has a market capitalization of $3.27 billion and a price-to-earnings ratio of -15.43.

Northland Power Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.0714 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a dividend yield of 744.0%. Northland Power’s payout ratio is presently -104.94%.

About Northland Power

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.