Northland Power (TSE:NPI) Upgraded at TD

Northland Power (TSE:NPI) was upgraded by TD from a “hold” rating to a “buy” rating in a report released on Friday,BayStreet.CA reports. The firm currently has a C$25.00 price target on the solar energy provider’s stock. TD’s price objective indicates a potential upside of 16.33% from the company’s current price.

NPI has been the topic of several other reports. Scotia upped their target price on shares of 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. Raymond James Financial boosted their price objective on Northland Power from C$25.50 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Desjardins decreased their price objective on Northland Power from C$23.00 to C$22.00 and set a “hold” rating on the stock in a research report on Wednesday, July 22nd. National Bank Financial raised 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, May 15th. Finally, ATB Cormark Capital Markets raised 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. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$24.90.

Northland Power Price Performance

Shares of TSE NPI traded up C$0.65 during midday trading on Friday, reaching C$21.49. 729,146 shares of the stock traded hands, compared to its average volume of 979,471. The company’s 50 day moving average is C$22.02 and its 200 day moving average is C$22.00. Northland Power has a one year low of C$15.96 and a one year high of C$25.99. The company has a debt-to-equity ratio of 168.64, a current ratio of 1.16 and a quick ratio of 1.23. The stock has a market capitalization of C$5.62 billion, a PE ratio of -37.70, a P/E/G ratio of 0.71 and a beta of 0.88.

Northland Power (TSE:NPI) last announced its quarterly 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 during the quarter.

About Northland Power

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.