Northland Power (OTCMKTS:NPIFF) Shares Gap Up – What’s Next?

Northland Power, Inc. (OTCMKTS:NPIFF)’s share price gapped up prior to trading 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.

Wall Street Analysts Forecast Growth

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

Northland Power Stock Up 0.6%

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 50 day moving average price is $12.88 and its 200 day moving average price is $15.36. The firm has a market cap of $3.70 billion and a PE ratio of -17.49.

Northland Power Cuts Dividend

The firm also recently declared 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 was Friday, November 28th. This represents a yield of 744.0%. Northland Power’s payout ratio is presently -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.