Northland Power (TSE:NPI) Reaches New 52-Week High – Here’s What Happened

Shares of Northland Power Inc. (TSE:NPI) hit a new 52-week high during trading on Tuesday . The company traded as high as C$25.99 and last traded at C$25.78, with a volume of 659906 shares trading hands. The stock had previously closed at C$25.63.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Desjardins lowered their price objective on Northland Power from C$28.00 to C$27.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. CIBC raised their price objective on Northland Power from C$28.00 to C$29.00 in a research report on Monday, July 21st. Finally, Raymond James Financial lowered their price objective on Northland Power from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$27.07.

Northland Power Stock Performance

The firm has a market capitalization of C$6.74 billion, a P/E ratio of -122.76, a P/E/G ratio of 0.71 and a beta of 0.85. The stock has a fifty day simple moving average of C$23.65 and a two-hundred day simple moving average of C$22.09. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23.

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.