Northland Power (TSE:NPI – Get Free Report) had its price objective boosted by equities researchers at Scotia from C$23.00 to C$25.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the solar energy provider’s stock. Scotia’s price objective indicates a potential upside of 9.75% from the company’s previous close.
NPI has been the topic of a number of other research reports. Raymond James Financial increased their price objective on Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research note on Friday. TD Securities increased their price objective on Northland Power from C$21.00 to C$23.00 and gave the company a “hold” rating in a research note on Friday, February 27th. National Bank Financial increased their price objective on Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday. Canadian Imperial Bank of Commerce increased their price objective on Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, March 27th. Finally, Desjardins decreased their price objective on Northland Power from C$24.00 to C$23.00 and set a “hold” rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Northland Power presently has an average rating of “Hold” and an average target price of C$24.80.
Check Out Our Latest Analysis on NPI
Northland Power Price Performance
Northland Power (TSE:NPI – Get Free Report) last posted its earnings results on Thursday, May 14th. The solar energy provider reported C$0.33 earnings per share for the quarter. The company had revenue of C$776.97 million for the quarter. Northland Power had a negative return on equity of 3.92% and a negative net margin of 6.69%.
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. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.
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