Northland Power Inc. (TSE:NPI – Get Free Report) has received a consensus recommendation of “Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$27.08.
A number of research analysts recently issued reports on the stock. Cormark downgraded shares of Northland Power from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 15th. Scotiabank upgraded shares of Northland Power from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$25.00 to C$26.00 in a research note on Thursday, May 22nd. Finally, National Bank Financial upgraded shares of Northland Power to a “strong-buy” rating in a research note on Sunday, June 8th.
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Northland Power Stock Performance
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.
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