Northland Power (TSE:NPI) was upgraded by stock analysts at BMO Capital Markets to a “buy” rating in a note issued to investors on Monday, TipRanks reports. The firm currently has a C$41.00 price target on the solar energy provider’s stock. BMO Capital Markets’ price objective points to a potential upside of 14.43% from the company’s current price.
Several other research analysts have also recently commented on the stock. Scotiabank lowered their target price on shares of Northland Power from C$48.25 to C$47.75 in a report on Friday, November 12th. CSFB set a C$52.00 price objective on shares of Northland Power and gave the company an “outperform” rating in a research note on Friday, November 12th. Credit Suisse Group reissued an “outperform” rating and issued a C$52.00 price objective on shares of Northland Power in a research note on Thursday, November 11th. Tudor Pickering & Holt reissued a “buy” rating on shares of Northland Power in a research note on Friday, January 7th. Finally, CIBC decreased their price objective on shares of Northland Power from C$45.00 to C$43.00 in a research note on Tuesday, January 11th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$48.67.
Shares of NPI traded up C$0.58 during mid-day trading on Monday, hitting C$35.83. 121,381 shares of the company’s stock were exchanged, compared to its average volume of 501,794. Northland Power has a 52 week low of C$34.95 and a 52 week high of C$51.45. The stock’s 50-day simple moving average is C$37.80 and its 200-day simple moving average is C$40.32. The firm has a market cap of C$8.11 billion and a price-to-earnings ratio of 93.55. The company has a quick ratio of 0.48, a current ratio of 0.67 and a debt-to-equity ratio of 281.39.
Northland Power (TSE:NPI) last announced its earnings results on Wednesday, November 10th. The solar energy provider reported C($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.10 by C($0.15). The firm had revenue of C$432.08 million for the quarter. Analysts forecast that Northland Power will post 1.5399999 earnings per share for the current fiscal year.
Northland Power Company Profile
Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.