Northland Power (TSE:NPI) Price Target Lowered to C$23.00 at ATB Capital

Northland Power (TSE:NPI) had its price objective decreased by ATB Capital from C$26.00 to C$23.00 in a report issued on Friday morning,BayStreet.CA reports.

A number of other analysts have also weighed in on NPI. Raymond James Financial cut their price objective on Northland Power from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Friday, August 15th. Desjardins cut shares of Northland Power from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. National Bankshares reduced their target price on Northland Power from C$27.00 to C$25.00 in a report on Friday. Scotiabank reduced their price target on shares of Northland Power from C$24.00 to C$23.00 in a research report on Friday. Finally, BMO Capital Markets decreased their price objective on Northland Power from C$25.00 to C$23.00 in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$23.94.

Northland Power Trading Down 3.6%

Shares of NPI stock traded down C$0.64 on Friday, hitting C$17.02. The stock had a trading volume of 3,210,829 shares, compared to its average volume of 986,942. The company’s 50 day moving average price is C$23.43 and its 200-day moving average price is C$22.34. Northland Power has a 1 year low of C$16.14 and a 1 year high of C$25.99. The firm has a market capitalization of C$4.45 billion, a P/E ratio of -15.61, a P/E/G ratio of 0.71 and a beta of 0.87. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23.

Northland Power (TSE:NPI) last issued its quarterly earnings results on Thursday, November 13th. The solar energy provider reported C($1.58) earnings per share (EPS) for the quarter. The business had revenue of C$559.39 million for the quarter. Northland Power had a negative return on equity of 3.37% and a negative net margin of 5.92%.

Northland Power Company Profile

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.