Northland Power (TSE:NPI) Stock Price Expected to Rise, National Bank Financial Analyst Says

Northland Power (TSE:NPI) had its price target hoisted by analysts at National Bank Financial from C$27.00 to C$28.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the solar energy provider’s stock. National Bank Financial’s price objective suggests a potential upside of 22.91% from the stock’s previous close.

Several other research firms have also recently commented on NPI. Desjardins boosted their price target on shares of Northland Power from C$23.00 to C$24.00 and gave the company a “hold” rating in a report on Friday, May 1st. TD Securities boosted their price target on shares of Northland Power from C$21.00 to C$23.00 and gave the company a “hold” rating in a report on Friday, February 27th. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$24.80.

Northland Power Trading Up 0.7%

TSE NPI traded up C$0.15 on Friday, hitting C$22.78. 344,388 shares of the 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 current ratio of 1.07 and a quick ratio of 1.23. The company has a market capitalization 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 company’s 50-day moving average price is C$22.84 and its two-hundred day moving average price is C$20.64.

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