BMO Capital Markets upgraded shares of Northland Power (TSE:NPI) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday morning. BMO Capital Markets currently has C$28.00 target price on the solar energy provider’s stock, up from their previous target price of C$25.00.

Several other equities analysts also recently issued reports on the stock. National Bank Financial dropped their price target on shares of Northland Power from C$28.00 to C$27.00 and set an outperform rating for the company in a research note on Friday, July 27th. Raymond James raised their price target on shares of Northland Power from C$29.50 to C$30.00 and gave the company an outperform rating in a research note on Tuesday, June 26th. Royal Bank of Canada raised their price target on shares of Northland Power from C$23.00 to C$24.00 and gave the company a sector perform rating in a research note on Monday, June 25th. CIBC raised their price target on shares of Northland Power from C$26.50 to C$27.50 in a research note on Monday, June 25th. Finally, Desjardins raised their price target on shares of Northland Power from C$27.50 to C$28.00 and gave the company a buy rating in a research note on Monday, June 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Northland Power has an average rating of Buy and an average target price of C$27.50.

NPI stock opened at C$22.88 on Tuesday. Northland Power has a 52-week low of C$21.11 and a 52-week high of C$25.33.

Northland Power (TSE:NPI) last released its quarterly earnings results on Wednesday, August 8th. The solar energy provider reported C$0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.26 by C$0.02. The firm had revenue of C$338.18 million during the quarter, compared to the consensus estimate of C$352.50 million. Northland Power had a net margin of 20.85% and a return on equity of 26.18%.

Northland Power Company Profile

Northland Power Inc develops, builds, owns, and operates green power projects primarily in Canada and Europe. It generates electricity from thermal, wind, solar, hydro, and biomass power plants. As of December 2017, the company owned or had a net economic interest in power producing facilities with a total capacity of approximately 2,029 megawatts.

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Analyst Recommendations for Northland Power (TSE:NPI)

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