ATB Cormark Capital Markets Increases Northland Power (TSE:NPI) Price Target to C$28.00

Northland Power (TSE:NPI – Get Free Report) had its target price upped by analysts at ATB Cormark Capital Markets from C$27.00 to C$28.00 in a report released on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the solar energy provider’s stock. ATB Cormark Capital Markets’ price objective points to a potential upside of 30.29% from the company’s current price.

NPI has been the topic of several other research reports. Raymond James Financial lifted their price objective on Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Desjardins dropped their target price on shares of Northland Power from C$23.00 to C$22.00 and set a “hold” rating on the stock in a report on Wednesday, July 22nd. Scotia lifted their price target on shares of Northland Power from C$23.00 to C$25.00 and gave the company a “sector perform” rating in a research note on Friday, May 15th. National Bank Financial upped their price target on shares of Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Finally, TD increased their price objective on shares of Northland Power from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Northland Power presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.90.

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Northland Power Trading Up 3.1%

Shares of NPI traded up C$0.65 during trading hours on Friday, reaching C$21.49. The stock had a trading volume of 729,146 shares, compared to its average volume of 979,471. The company has a market cap of C$5.62 billion, a P/E ratio of -37.70, a P/E/G ratio of 0.71 and a beta of 0.88. Northland Power has a 52 week low of C$15.96 and a 52 week high of C$25.99. The company has a quick ratio of 1.23, a current ratio of 1.16 and a debt-to-equity ratio of 168.64. The firm has a 50-day moving average of C$22.02 and a 200 day moving average of C$22.00.

Northland Power (TSE:NPI – Get Free Report) last posted its earnings results on Thursday, August 13th. The solar energy provider reported C($0.24) earnings per share for the quarter. Northland Power had a negative return on equity of 3.45% and a negative net margin of 5.52%.The business had revenue of C$2.35 million for the quarter.

Northland Power Company Profile

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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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