Northland Power (TSE:NPI – Get Free Report) had its target price dropped by equities researchers at Desjardins from C$29.00 to C$27.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the solar energy provider’s stock.
Several other equities analysts have also commented on NPI. National Bankshares upped their price target on shares of Northland Power from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. BMO Capital Markets decreased their target price on shares of Northland Power from C$31.00 to C$30.00 and set an “outperform” rating for the company in a research report on Thursday, February 22nd. CIBC decreased their target price on shares of Northland Power from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Finally, Raymond James lowered shares of Northland Power from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from C$32.00 to C$30.00 in a research report on Thursday, April 25th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$31.79.
Read Our Latest Stock Analysis on Northland Power
Northland Power Stock Performance
Northland Power (TSE:NPI – Get Free Report) last issued its earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.92). The business had revenue of C$626.22 million for the quarter, compared to analyst estimates of C$614.15 million. Northland Power had a negative return on equity of 2.09% and a negative net margin of 7.85%. Sell-side analysts expect that Northland Power will post 1.1793651 EPS for the current fiscal year.
About Northland Power
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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