Northland Power Stock Today
| NPI Stock | CAD 21.51 0.39 1.85% |
Performance0 of 100
| Odds Of DistressLess than 17
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Northland Power is selling at 21.51 as of the 23rd of April 2024; that is 1.85 percent increase since the beginning of the trading day. The stock's open price was 21.12. Northland Power has less than a 17 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Northland Power are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Utilities |
Northland Power Inc., an independent power producer, develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company was founded in 1987 and is headquartered in Toronto, Canada. NORTHLAND POWER operates under UtilitiesRenewable classification in Canada and is traded on Toronto Stock Exchange.. The company has 255.66 M outstanding shares of which 6.73 M shares are now shorted by private and institutional investors with about 5.96 days to cover all short positions. More on Northland Power
Moving against Northland Stock
| 0.75 | CSH-UN | Chartwell Retirement | PairCorr |
| 0.73 | OCO | Oroco Resource Corp | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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Northland Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Northland Power's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Northland Power or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Executive Chairman | John Eng | ||||
| Business Concentration | Independent Power and Renewable Electricity Producers, Utilities - Renewable, Utilities, Utilities, Independent Power and Renewable Electricity Producers, Utilities—Renewable, Utilities (View all Sectors) | ||||
Northland Power's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Northland Power's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Northland Power's financial leverage. It provides some insight into what part of Northland Power's total assets is financed by creditors.
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Northland Power (NPI) is traded on Toronto Exchange in Canada and employs 42 people. Northland Power is listed under Independent Power and Renewable Electricity Producers category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.4 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Northland Power's market, we take the total number of its shares issued and multiply it by Northland Power's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Northland Power operates under Independent Power and Renewable Electricity Producers sector and is part of Utilities industry. The entity has 255.66 M outstanding shares of which 6.73 M shares are now shorted by private and institutional investors with about 5.96 days to cover all short positions.
Northland Power has accumulated about 1.3 B in cash with 1.2 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.03.
Check Northland Power Probability Of Bankruptcy
Ownership AllocationNorthland Power holds a total of 255.66 Million outstanding shares. Over half of Northland Power's outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Northland Power. Please watch out for any change in the institutional holdings of Northland Power as this could mean something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Northland Ownership Details
Northland Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Northland Power jumping above the current price in 90 days from now is about 92.38%. The Northland Power probability density function shows the probability of Northland Power stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Northland Power has a beta of 0.8956. This indicates Northland Power market returns are highly reactive to returns on the market. As the market goes up or down, Northland Power is expected to follow. Additionally, northland Power has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Northland Power to move above the current price in 90 days from now is about 92.38 (This Northland Power probability density function shows the probability of Northland Stock to fall within a particular range of prices over 90 days) .
Northland Power Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Northland Power market risk premium is the additional return an investor will receive from holding Northland Power long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Northland Power. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Northland Power's alpha and beta are two of the key measurements used to evaluate Northland Power's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.27 | |||
| Standard Deviation | 1.84 | |||
| Variance | 3.38 | |||
| Risk Adjusted Performance | (0.05) |
Northland Stock Against Markets
Picking the right benchmark for Northland Power stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Northland Power stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Northland Power is critical whether you are bullish or bearish towards Northland Power at a given time. Please also check how Northland Power's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Northland Power without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
| All Next | Launch Module |
Northland Power Corporate Directors
Northland Power corporate directors refer to members of a Northland Power board of directors. The board of directors generally takes responsibility for the Northland Power's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Northland Power's board members must vote for the resolution. The Northland Power board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Barry Gilmour | Independent Director | Profile | |
| Peter Harder | Independent Director | Profile | |
| John Turner | Lead Independent Director | Profile | |
| Keith Halbert | Independent Director | Profile |
How to buy Northland Stock?
Before investing in Northland Power, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Northland Power. To buy Northland Power stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Northland Power. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Northland Power stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Northland Power stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Northland Power stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Northland Power, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Northland Power?
The danger of trading Northland Power is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Northland Power is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Northland Power. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Northland Power is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northland Power. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Northland Stock analysis
When running Northland Power's price analysis, check to measure Northland Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northland Power is operating at the current time. Most of Northland Power's value examination focuses on studying past and present price action to predict the probability of Northland Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northland Power's price. Additionally, you may evaluate how the addition of Northland Power to your portfolios can decrease your overall portfolio volatility.
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