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 note issued to investors on Thursday, BayStreet.CA reports. They currently have a C$30.00 price objective on the solar energy provider’s stock, down from their prior price objective of C$32.00. Raymond James’ price target points to a potential upside of 44.93% from the stock’s previous close.
A number of other analysts also recently commented on NPI. CIBC reduced their price objective on 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. BMO Capital Markets cut their target price on 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. Finally, National Bankshares raised their target price on 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. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Northland Power currently has a consensus rating of “Buy” and an average price target of C$31.96.
View Our Latest Research Report on NPI
Northland Power Stock Down 3.5 %
Northland Power (TSE:NPI – Get Free Report) last released its earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.92). The business had revenue of C$626.22 million during the quarter, compared to analyst estimates of C$614.15 million. Northland Power had a negative net margin of 7.85% and a negative return on equity of 2.09%. On average, analysts expect that Northland Power will post 1.1793651 earnings per share for the current 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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