Northland Power (OTCMKTS:NPIFF) Shares Gap Down – Should You Sell?

Shares of Northland Power, Inc. (OTCMKTS:NPIFF) gapped down before the market opened on Tuesday . The stock had previously closed at $16.2145, but opened at $15.59. Northland Power shares last traded at $16.34, with a volume of 1,412 shares.

Wall Street Analysts Forecast Growth

Separately, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Northland Power in a report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Northland Power Price Performance

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average is $15.92 and its 200 day moving average is $15.04. The firm has a market capitalization of $4.26 billion and a price-to-earnings ratio of -33.27.

Northland Power (OTCMKTS:NPIFF) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.34 by $0.20. Northland Power had a negative net margin of 7.04% and a positive return on equity of 9.75%. The business had revenue of $525.98 million for the quarter, compared to the consensus estimate of $484.58 million.

Northland Power Company Profile

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.