Northland Power, Inc. (OTCMKTS:NPIFF) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts have given Northland Power a consensus rating of "Moderate Buy" from seven firms (four buys, three holds), and Canadian Imperial Bank of Commerce recently reissued an "outperform" rating.
• Northland beat the quarter with EPS of $0.54 versus $0.34 expected and revenue of $525.98 million versus $484.58 million, though it reported a negative net margin of 7.04% while delivering a 9.75% return on equity.
• Shares were flat at $17.40 with a market capitalization of $4.55 billion and a negative P/E of -35.50; trading volume that day (24,005) was below the average (40,713), and the stock trades between a 50-day/200-day moving average of $15.52/$15.06.

Shares of Northland Power, Inc. (OTCMKTS:NPIFF - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

Separately, Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Northland Power in a research note on Friday, March 27th.

Northland Power Stock Performance

Shares of OTCMKTS:NPIFF remained flat at $17.40 during midday trading on Friday. 24,005 shares of the company traded hands, compared to its average volume of 40,713. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $4.55 billion and a P/E ratio of -35.50. The firm has a fifty day moving average price of $15.52 and a two-hundred day moving average price of $15.06. Northland Power has a 1-year low of $11.43 and a 1-year high of $18.44.

Northland Power (OTCMKTS:NPIFF - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates 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.

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