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

Northland Power, Inc. (OTCMKTS:NPIFF)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $12.61, but opened at $12.25. Northland Power shares last traded at $12.25, with a volume of 450 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NPIFF shares. National Bankshares reaffirmed an “outperform” rating on shares of Northland Power in a report on Wednesday, December 3rd. Royal Bank Of Canada restated an “outperform” rating on shares of Northland Power in a research report on Friday, November 14th. Desjardins lowered shares of Northland Power to a “hold” rating in a research note on Friday, November 14th. Scotiabank reiterated a “sector perform” rating on shares of Northland Power in a research note on Friday, November 21st. Finally, CIBC reissued an “outperform” rating on shares of Northland Power in a report on Friday, November 21st. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Northland Power Price Performance

The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50 day moving average price is $14.95 and its 200-day moving average price is $15.84. The company has a market cap of $3.28 billion and a price-to-earnings ratio of -15.49.

Northland Power Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.0714 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a dividend yield of 744.0%. Northland Power’s dividend payout ratio is currently -104.94%.

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.