Northland Power (OTCMKTS:NPIFF) Shares Gap Up – Here’s Why

Northland Power, Inc. (OTCMKTS:NPIFF)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $13.96, but opened at $14.95. Northland Power shares last traded at $14.18, with a volume of 2,400 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NPIFF shares. Scotiabank reissued a “sector perform” rating on shares of Northland Power in a research note on Friday, November 21st. TD Securities lowered shares of Northland Power from a “buy” rating to a “hold” rating in a report on Friday, November 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of Northland Power in a research note on Friday, November 14th. Desjardins cut Northland Power to a “hold” rating in a research note on Friday, November 14th. Finally, CIBC reissued an “outperform” rating on shares of Northland Power in a research note on Friday, November 21st. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Northland Power Price Performance

The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50-day moving average of $12.84 and a 200-day moving average of $15.40. The firm has a market capitalization of $3.66 billion and a price-to-earnings ratio of -17.30.

Northland Power Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders 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 dividend payout ratio is currently -64.20%.

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.