ATB Cormark Capital Markets Issues Positive Forecast for Northland Power (TSE:NPI) Stock Price

Northland Power (TSE:NPI) had its price target increased by research analysts at ATB Cormark Capital Markets from C$27.00 to C$28.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the solar energy provider’s stock. ATB Cormark Capital Markets’ target price would suggest a potential upside of 30.29% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on NPI. Desjardins dropped their price target on shares of Northland Power from C$23.00 to C$22.00 and set a “hold” rating for the company in a research note on Wednesday, July 22nd. Raymond James Financial raised their price objective on shares of Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Scotia lifted their target price on shares of Northland Power from C$23.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th. TD upped their target price on shares of Northland Power from C$24.00 to C$25.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Finally, National Bank Financial increased their price target on Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$24.90.

Northland Power Trading Up 3.1%

Northland Power stock traded up C$0.65 during mid-day trading on Friday, hitting C$21.49. The stock had a trading volume of 729,146 shares, compared to its average volume of 979,471. The stock has a 50-day simple moving average of C$22.02 and a two-hundred day simple moving average of C$22.00. The stock has a market capitalization of C$5.62 billion, a PE ratio of -37.70, a P/E/G ratio of 0.71 and a beta of 0.88. Northland Power has a 12 month low of C$15.96 and a 12 month high of C$25.99. The company has a current ratio of 1.16, a quick ratio of 1.23 and a debt-to-equity ratio of 168.64.

Northland Power (TSE:NPI) last announced its quarterly earnings data on Thursday, August 13th. The solar energy provider reported C($0.24) earnings per share for the quarter. Northland Power had a negative return on equity of 3.45% and a negative net margin of 5.52%.The firm had revenue of C$2.35 million for the quarter.

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.