Northland Power (TSE:NPI) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Technical breakout: Northland Power's stock crossed above its 200-day moving average (C$20.84), trading as high as C$24.03 and last at C$23.52 on volume of 955,043 shares.
• Analyst consensus is a Moderate Buy with a consensus price target of C$24.00; recent target revisions range C$22–C$26 and ratings are mixed (1 Strong Buy, 3 Buy, 5 Hold).
• Fundamentals show negative profitability and high leverage — PE -36.18, net margin -6.69%, ROE -3.92%, and debt-to-equity 176.8% — despite C$725.3M quarterly revenue and a C$6.15B market cap.

Northland Power Inc. (TSE:NPI - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$20.84 and traded as high as C$24.03. Northland Power shares last traded at C$23.52, with a volume of 955,043 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. TD Securities upped their price target on Northland Power from C$21.00 to C$23.00 and gave the stock a "hold" rating in a report on Friday, February 27th. Canadian Imperial Bank of Commerce boosted their target price on Northland Power from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a research report on Friday, March 27th. Finally, ATB Cormark Capital Markets lowered their target price on Northland Power from C$23.00 to C$22.00 and set an "outperform" rating on the stock in a report on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Northland Power has an average rating of "Moderate Buy" and a consensus price target of C$24.00.

Northland Power Stock Down 1.8%

The company has a market cap of C$6.15 billion, a PE ratio of -36.18, a P/E/G ratio of 0.71 and a beta of 0.78. The company has a quick ratio of 1.23, a current ratio of 1.07 and a debt-to-equity ratio of 176.80. The firm's fifty day simple moving average is C$21.51 and its 200-day simple moving average is C$20.84.

Northland Power (TSE:NPI - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The solar energy provider reported C$0.93 earnings per share for the quarter. Northland Power had a negative net margin of 6.69% and a negative return on equity of 3.92%. The business had revenue of C$725.26 million during the quarter.

Northland Power Company Profile

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.