The President & Chief Executive Officer of Northland Power (Other OTC: NPIFF) is Buying Shares

Yesterday, the President & Chief Executive Officer of Northland Power (NPIFFResearch Report), Mike Crawley, bought shares of NPIFF for $40.04K.

Following Mike Crawley’s last NPIFF Buy transaction on September 25, 2019, the stock climbed by 14.2%. Following this transaction Mike Crawley’s holding in the company was increased by 1% to a total of $2.45 million.

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The company has a one-year high of $41.06 and a one-year low of $26.91. NPIFF’s market cap is $7.26 billion and the company has a P/E ratio of 45.00. Currently, Northland Power has an average volume of 24.56K.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $38.54, reflecting a -16.3% downside. Three different firms, including Desjardins and Credit Suisse, currently also have a Buy rating on the stock.

Mike Crawley’s trades have generated a 47.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Northland Power Inc is an operator of power producing facilities. These facilities generate electricity from natural gas or use renewable sources, such as wind and solar power. Most of the electricity produced by Northland Power comes from its thermal facilities. Additionally, almost all of Northland Power’s power generation takes place in Canada. The company also owns assets in Mexico, the Netherlands, and Germany. In the Netherlands and Germany, Northland Power is developing onshore and offshore wind facilities. Northland Power derives most of its revenue from the sale of electricity using long-term agreements and through its ownership of other power generating facilities, or NUGs, that also sell energy.