What’s in Northland Power Inc. After Today’s Huge Increase?


 What's in Northland Power Inc. After Today's Huge Increase?

The stock of Northland Power Inc. (TSE:NPI) is a huge mover today! About 38,621 shares traded hands. Northland Power Inc. (TSE:NPI) has risen 16.08% since March 14, 2016 and is uptrending. It has outperformed by 10.54% the S&P500.
The move comes after 5 months positive chart setup for the $4.11B company. It was reported on Oct, 19 by Barchart.com. We have $31.23 PT which if reached, will make TSE:NPI worth $1.27B more.

Northland Power Inc. (TSE:NPI) Ratings Coverage

Out of 5 analysts covering Northland Power (TSE:NPI), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $27 is the highest target while $21 is the lowest. The $25.20 average target is 5.70% above today’s ($23.84) stock price. Northland Power has been the topic of 7 analyst reports since November 11, 2015 according to StockzIntelligence Inc. BMO Capital Markets downgraded the shares of NPI in a report on Wednesday, December 30 to “Market Perform” rating. Canaccord Genuity initiated it with “Hold” rating and $26 target price in Wednesday, July 20 report.

More important recent Northland Power Inc. (TSE:NPI) news were published by: Bloomberg.com which released: “Northland Power Hires CIBC, JPMorgan to Launch Strategic Review” on July 12, 2016, also Seekingalpha.com published article titled: “Northland Power: Will A Strategic Review Lead To The Sale Of The Company?”, Seekingalpha.com published: “Northland Power On Target For Future Gains” on March 30, 2016. More interesting news about Northland Power Inc. (TSE:NPI) was released by: Seekingalpha.com and their article: “Northland Power – Renewable Energy For Europe” with publication date: January 31, 2016.

Northland Power Inc. is an independent power producer. The company has a market cap of $4.11 billion. The Firm develops, finances, builds, owns and operates facilities in Canada and internationally that produce clean and green energy using natural gas, biomass, wind and solar technology. It currently has negative earnings. Northland divisions include thermal; renewable; managed, which includes management and activities services for Kirkland Lake, Cochrane and Canadian Environmental Energy Corporation (CEEC); offshore wind, including Gemini and Nordsee, and other, which includes investment income and administration of Northland.

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