Northland Power (TSE:NPI – Get Free Report) had its price target hoisted by investment analysts at TD Securities from C$27.00 to C$28.00 in a report issued on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the solar energy provider’s stock. TD Securities’ price target suggests a potential upside of 16.76% from the stock’s current price.
A number of other equities research analysts also recently commented on NPI. Desjardins lowered their price target on shares of Northland Power from C$29.00 to C$27.00 and set a “buy” rating for the company in a report on Tuesday, April 30th. Raymond James downgraded Northland Power from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from C$32.00 to C$30.00 in a report on Thursday, April 25th. BMO Capital Markets lowered their price objective on Northland Power from C$31.00 to C$30.00 and set an “outperform” rating for the company in a research report on Thursday, February 22nd. Finally, CIBC lowered their price target on Northland Power from C$30.00 to C$29.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, Northland Power currently has an average rating of “Buy” and a consensus price target of C$31.96.
Read Our Latest Analysis on Northland Power
Northland Power Price Performance
Northland Power (TSE:NPI – Get Free Report) last posted its earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share for the quarter, missing the consensus estimate of C$0.43 by C($0.92). Northland Power had a negative net margin of 7.85% and a negative return on equity of 2.09%. The firm had revenue of C$626.22 million during the quarter, compared to analyst estimates of C$614.15 million. On average, equities analysts predict that Northland Power will post 1.2723005 EPS for the current year.
About Northland Power
Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.
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