Northland Power (TSE:NPI – Get Free Report) had its price target cut by stock analysts at CIBC from C$30.00 to C$29.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the solar energy provider’s stock. CIBC’s price target points to a potential upside of 39.83% from the stock’s current price.
NPI has been the topic of a number of other research reports. Raymond James cut their price target on shares of Northland Power from C$35.00 to C$32.00 and set a “strong-buy” rating on the stock in a report on Friday, February 23rd. BMO Capital Markets dropped their target price on shares of Northland Power from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a report on Thursday, February 22nd. Finally, National Bankshares raised their target price on shares of Northland Power from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$32.13.
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Northland Power Trading Down 1.2 %
Northland Power (TSE:NPI – Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) EPS for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.92). Northland Power had a negative net margin of 7.85% and a negative return on equity of 2.09%. The firm had revenue of C$626.22 million for the quarter, compared to analysts’ expectations of C$614.15 million. On average, equities research analysts forecast that Northland Power will post 1.1793651 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 Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.
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