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

Northland Power (TSE:NPI) had its price target raised by Canadian Imperial Bank of Commerce from C$24.00 to C$26.00 in a research note released on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the solar energy provider’s stock.

A number of other brokerages also recently issued reports on NPI. TD Securities upped their price objective on shares of Northland Power from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research report on Friday, February 27th. ATB Cormark Capital Markets dropped their target price on shares of Northland Power from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$24.00.

Northland Power Trading Down 0.0%

Shares of NPI stock opened at C$23.26 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.07 and a debt-to-equity ratio of 176.80. The stock’s fifty day simple moving average is C$20.47 and its 200 day simple moving average is C$20.75. Northland Power has a twelve month low of C$15.96 and a twelve month high of C$25.99. The firm has a market capitalization of C$6.08 billion, a P/E ratio of -35.78, a P/E/G ratio of 0.71 and a beta of 1.09.

Northland Power (TSE:NPI) last posted its quarterly earnings data on Thursday, February 26th. The solar energy provider reported C$0.93 earnings per share (EPS) for the quarter. The firm had revenue of C$725.26 million for the quarter. Northland Power had a negative net margin of 6.69% and a negative return on equity of 3.92%.

About Northland Power

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.