Northland Power (TSE:NPI – Get Free Report) was upgraded by analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a report released on Friday,Zacks.com reports.
A number of other research firms have also weighed in on NPI. TD upgraded Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 target price for the company in a report on Friday. Desjardins reduced their price target on Northland Power from C$23.00 to C$22.00 and set a “hold” rating for the company in a research report on Wednesday, July 22nd. National Bank Financial upped their price objective on Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Scotia raised their price objective on Northland Power from C$23.00 to C$25.00 and gave the company a “sector perform” rating in a research report on Friday, May 15th. Finally, ATB Cormark Capital Markets lifted their target price on Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$24.90.
View Our Latest Research Report on Northland Power
Northland Power Trading Up 3.6%
Northland Power (TSE:NPI – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The solar energy provider reported C($0.24) earnings per share (EPS) for the quarter. Northland Power had a negative net margin of 5.52% and a negative return on equity of 3.45%. The business had revenue of C$2.35 million for the quarter.
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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