Northland Power (TSE:NPI) Stock Price Expected to Rise, TD Analyst Says

Northland Power (TSE:NPI) had its price objective upped by research analysts at TD from C$24.00 to C$25.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the solar energy provider’s stock. TD’s price objective would suggest a potential upside of 9.75% from the company’s current price.

NPI has been the subject of several other research reports. National Bank Financial lifted their target price on shares of Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday. Desjardins boosted their price objective 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 objective 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 objective 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 investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$24.80.

Northland Power Stock Up 0.7%

Shares of NPI stock traded up C$0.15 during trading hours on Friday, hitting C$22.78. 344,388 shares of the company were exchanged, compared to its average volume of 1,034,249. The business has a 50 day moving average of C$22.84 and a two-hundred day moving average of C$20.64. The company has a current ratio of 1.07, a quick ratio of 1.23 and a debt-to-equity ratio of 176.80. Northland Power has a 52 week low of C$15.96 and a 52 week high of C$25.99. The company has a market capitalization of C$5.96 billion, a PE ratio of -35.05, a PEG ratio of 0.71 and a beta of 0.90.

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. The company had revenue of C$776.97 million during the quarter. Northland Power had a negative net margin of 6.69% and a negative return on equity of 3.92%.

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.