Northland Power (NPI) Reaches New 12-Month Low at $23.70

Northland Power (TSE:NPI)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$23.70 and last traded at C$23.79, with a volume of 254057 shares traded. The stock had previously closed at C$24.20.

NPI has been the topic of a number of recent research reports. National Bank Financial raised their price objective on Northland Power from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. BMO Capital Markets set a C$25.00 price objective on Northland Power and gave the company a “market perform” rating in a research report on Friday, January 19th. TD Securities downgraded Northland Power from an “action list buy” rating to a “buy” rating and set a C$28.00 price objective on the stock. in a research report on Tuesday, May 1st. Finally, Desjardins raised their price objective on Northland Power from C$27.00 to C$27.50 in a research report on Tuesday, May 1st.

Northland Power (TSE:NPI) last issued its quarterly earnings data on Thursday, February 22nd. The solar energy provider reported C$0.25 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.08). Northland Power had a net margin of 20.85% and a return on equity of 26.18%. The company had revenue of C$394.61 million for the quarter, compared to the consensus estimate of C$320.12 million.

In other Northland Power news, insider James C. Temerty purchased 150,000 shares of the firm’s stock in a transaction on Friday, March 23rd. The stock was bought at an average cost of C$22.83 per share, for a total transaction of C$3,424,500.00. Also, insider James C. Temerty purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 26th. The stock was acquired at an average price of C$22.80 per share, with a total value of C$114,000.00.

Northland Power Company Profile

Northland Power Inc develops, builds, owns, and operates green power projects primarily in Canada and Europe. It generates electricity from thermal, wind, solar, hydro, and biomass power plants. As of December 2017, the company owned or had a net economic interest in power producing facilities with a total capacity of approximately 2,029 megawatts.

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