Northland Power (TSE:NPI)‘s stock had its “outperform” rating reiterated by equities researchers at National Bank Financial in a research report issued on Thursday, September 19th, BayStreet.CA reports. They presently have a C$28.00 target price on the solar energy provider’s stock. National Bank Financial’s price objective suggests a potential upside of 7.44% from the company’s previous close.
Several other equities analysts have also issued reports on NPI. BMO Capital Markets restated an “outperform” rating and set a C$30.00 price target on shares of Northland Power in a research report on Thursday, September 19th. Royal Bank of Canada raised their price target on Northland Power from C$25.00 to C$27.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 19th. TD Securities raised their price target on Northland Power from C$28.00 to C$29.00 in a research report on Wednesday, July 17th. Raymond James restated a “strong-buy” rating and set a C$30.50 price target on shares of Northland Power in a research report on Thursday, August 8th. Finally, CIBC raised their price target on Northland Power from C$27.00 to C$27.50 in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of C$28.47.
NPI traded down C$0.42 during trading on Thursday, reaching C$26.06. 832,700 shares of the company were exchanged, compared to its average volume of 628,012. The company’s 50-day moving average is C$25.25 and its two-hundred day moving average is C$24.96. Northland Power has a 12-month low of C$19.91 and a 12-month high of C$26.56. The company has a market cap of $4.78 billion and a price-to-earnings ratio of 16.06. The company has a quick ratio of 0.49, a current ratio of 0.90 and a debt-to-equity ratio of 523.24.
Northland Power (TSE:NPI) last released its quarterly earnings results on Wednesday, August 7th. The solar energy provider reported C$0.28 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.10. The business had revenue of C$343.82 million during the quarter, compared to analysts’ expectations of C$348.65 million. Equities analysts forecast that Northland Power will post 2.0399998 earnings per share for the current year.
Northland Power Company Profile
Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.
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