Northland Power (TSE:NPI) Price Target Raised to C$26.00

Northland Power (TSE:NPI) had its target price increased by ATB Cormark Capital Markets from C$24.00 to C$26.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the solar energy provider’s stock. ATB Cormark Capital Markets’ target price suggests a potential upside of 14.14% from the company’s previous close.

NPI has been the topic of several other research reports. Raymond James Financial upped their target price on Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research report on Friday. Desjardins decreased their target price on Northland Power from C$24.00 to C$23.00 and set a “hold” rating on the stock in a research report on Friday. TD Securities upped their target price on Northland Power from C$21.00 to C$23.00 and gave the company a “hold” rating in a research report on Friday, February 27th. National Bank Financial upped their target price on Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Canadian Imperial Bank of Commerce upped their target price on Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$24.80.

Northland Power Stock Performance

Northland Power stock traded up C$0.15 during midday trading on Friday, reaching C$22.78. 344,388 shares of the company’s stock were exchanged, compared to its average volume of 1,034,249. Northland Power has a 52 week low of C$15.96 and a 52 week high of C$25.99. The company has a debt-to-equity ratio of 176.80, a quick ratio of 1.23 and a current ratio of 1.07. The firm has a market cap of C$5.96 billion, a price-to-earnings ratio of -35.05, a P/E/G ratio of 0.71 and a beta of 0.90. The stock’s 50-day simple moving average is C$22.84 and its 200 day simple moving average is C$20.64.

Northland Power (TSE:NPI) last issued its quarterly earnings data on Thursday, May 14th. The solar energy provider reported C$0.33 earnings per share (EPS) for the quarter. Northland Power had a negative return on equity of 3.92% and a negative net margin of 6.69%.The company had revenue of C$776.97 million during 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.