Northland Power (TSE:NPI – Get Free Report) was downgraded by equities researchers at Raymond James from a “strong-buy” rating to an “outperform” rating in a research report issued on Thursday, BayStreet.CA reports. They currently have a C$30.00 price objective on the solar energy provider’s stock, down from their previous price objective of C$32.00. Raymond James’ price objective points to a potential upside of 46.34% from the stock’s previous close. Raymond James also issued estimates for Northland Power’s Q1 2024 earnings at $0.61 EPS, Q4 2024 earnings at $0.34 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.53 EPS and FY2025 earnings at $1.55 EPS.
Other research analysts have also issued reports about the stock. National Bankshares raised their price target on shares of Northland Power from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. BMO Capital Markets decreased their price target on shares of Northland Power from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a research note on Thursday, February 22nd. Finally, CIBC decreased their price target on shares of Northland Power from C$30.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$31.96.
Read Our Latest Stock Analysis on Northland Power
Northland Power Trading Down 0.8 %
Northland Power (TSE:NPI – Get Free Report) last posted its earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.43 by C($0.92). Northland Power had a negative return on equity of 2.09% and a negative net margin of 7.85%. The firm had revenue of C$626.22 million for the quarter, compared to analysts’ expectations of C$614.15 million. As a group, equities analysts forecast that Northland Power will post 1.1793651 EPS 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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