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

Northland Power, Inc. (OTCMKTS:NPIFF)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $11.7499, but opened at $12.4750. Northland Power shares last traded at $12.0520, with a volume of 7,052 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NPIFF shares. Desjardins lowered shares of Northland Power to a “hold” rating in a research note on Friday, November 14th. BMO Capital Markets restated an “outperform” rating on shares of Northland Power in a report on Thursday, August 14th. CIBC reiterated an “outperform” rating on shares of Northland Power in a report on Friday, November 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of Northland Power in a research report on Friday, November 14th. Finally, Scotiabank restated a “sector perform” rating on shares of Northland Power in a research note on Friday, November 21st. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Northland Power Trading Up 2.6%

The firm has a market cap of $3.15 billion and a price-to-earnings ratio of -14.88. The business has a fifty day moving average of $16.39 and a two-hundred day moving average of $16.09. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.91 and a current ratio of 0.91.

Northland Power Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.0714 per share. This represents a yield of 744.0%. The ex-dividend date is Friday, November 28th. Northland Power’s dividend payout ratio (DPR) is currently -104.94%.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.