Key Points
- Director Eckhardt Guenter Ruemmler bought 1,195 shares on Nov. 25 at C$10.36 (C$12,380.20) and 730 shares on Nov. 26 at C$9.98 (C$7,285.40), raising his stake to 9,250 shares — a 14.84% increase.
- Northland reported a loss of C($1.58) EPS last quarter with negative net margin and ROE, its stock trades near C$17.26 (12‑month range C$15.96–C$25.99), and analysts' average target is C$23.28 with a "Moderate Buy" consensus despite several price-target cuts.
Northland Power Inc. (TSE:NPI - Get Free Report) Director Eckhardt Guenter Ruemmler acquired 1,195 shares of the company's stock in a transaction dated Tuesday, November 25th. The stock was acquired at an average price of C$10.36 per share, with a total value of C$12,380.20. Following the purchase, the director owned 9,250 shares in the company, valued at approximately C$95,830. This represents a 14.84% increase in their position.
Eckhardt Guenter Ruemmler also recently made the following trade(s):
- On Wednesday, November 26th, Eckhardt Guenter Ruemmler bought 730 shares of Northland Power stock. The shares were acquired at an average price of C$9.98 per share, for a total transaction of C$7,285.40.
Northland Power Stock Performance
TSE NPI opened at C$17.26 on Friday. Northland Power Inc. has a twelve month low of C$15.96 and a twelve month high of C$25.99. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28. The stock has a market cap of C$4.51 billion, a P/E ratio of -15.83, a PEG ratio of 0.71 and a beta of 0.79. The company's 50-day simple moving average is C$20.92 and its 200 day simple moving average is C$21.94.
Northland Power (TSE:NPI - Get Free Report) last released its quarterly earnings data on Thursday, November 13th. The solar energy provider reported C($1.58) earnings per share for the quarter. Northland Power had a negative net margin of 5.92% and a negative return on equity of 3.37%. The company had revenue of C$554.48 million for the quarter.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. BMO Capital Markets reduced their target price on shares of Northland Power from C$25.00 to C$23.00 in a research note on Friday, November 21st. CIBC upped their price objective on shares of Northland Power from C$22.00 to C$23.00 in a research note on Wednesday. Scotiabank cut their target price on shares of Northland Power from C$24.00 to C$23.00 in a research note on Friday, November 21st. National Bankshares reduced their target price on Northland Power from C$27.00 to C$25.00 in a report on Friday, November 21st. Finally, Desjardins cut Northland Power from a "moderate buy" rating to a "hold" rating in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$23.28.
Check Out Our Latest Analysis on NPI
About Northland Power
(
Get Free Report)
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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