Northland Power Inc. (TSE:NPI - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$20.80 and traded as high as C$22.42. Northland Power shares last traded at C$21.97, with a volume of 1,142,512 shares trading hands.
Analysts Set New Price Targets
NPI has been the topic of several research analyst reports. ATB Cormark Capital Markets dropped their price objective on shares of Northland Power from C$23.00 to C$22.00 and set an "outperform" rating on the stock in a research report on Tuesday, December 23rd. TD Securities increased their price objective on shares of Northland Power from C$21.00 to C$23.00 and gave the company a "hold" rating in a research report on Friday, February 27th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Northland Power from C$24.00 to C$26.00 and gave the company an "outperform" rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$24.00.
Check Out Our Latest Stock Analysis on Northland Power
Northland Power Trading Down 1.3%
The firm has a market capitalization of C$5.75 billion, a P/E ratio of -33.80, a price-to-earnings-growth ratio of 0.71 and a beta of 0.78. The business's 50-day moving average is C$21.93 and its 200 day moving average is C$20.80. The company has a debt-to-equity ratio of 176.80, a current ratio of 1.07 and a quick ratio of 1.23.
Northland Power (TSE:NPI - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The solar energy provider reported C$0.93 EPS 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 for the quarter.
About Northland Power
(
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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.
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