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

Shares of Northland Power, Inc. (OTCMKTS:NPIFF) gapped up prior to trading on Monday . The stock had previously closed at $15.05, but opened at $16.75. Northland Power shares last traded at $16.75, with a volume of 338 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Northland Power in a research report on Friday, March 27th. Desjardins reaffirmed a “hold” rating on shares of Northland Power in a report on Friday, May 1st. BMO Capital Markets reiterated a “market perform” rating on shares of Northland Power in a research report on Thursday, May 14th. Scotiabank reissued a “sector perform” rating on shares of Northland Power in a research note on Friday, May 15th. Finally, TD Securities restated a “hold” rating on shares of Northland Power in a report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Northland Power Trading Up 4.3%

The company has a 50-day moving average price of $16.16 and a two-hundred day moving average price of $15.61. The stock has a market cap of $4.10 billion and a P/E ratio of -37.37. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.37.

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.