Northland Power (TSE:NPI - Get Free Report) had its price objective lifted by Desjardins from C$23.00 to C$24.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has a "hold" rating on the solar energy provider's stock. Desjardins' price objective would suggest a potential upside of 2.96% from the stock's previous close.
NPI has been the subject of several other reports. TD Securities raised their target price on Northland Power from C$21.00 to C$23.00 and gave the stock a "hold" rating in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce increased their price objective on Northland Power from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Northland Power presently has a consensus rating of "Moderate Buy" and a consensus price target of C$23.63.
Read Our Latest Research Report on NPI
Northland Power Stock Performance
NPI stock traded down C$0.05 during midday trading on Friday, hitting C$23.31. The stock had a trading volume of 192,452 shares, compared to its average volume of 1,041,974. The firm has a market capitalization of C$6.10 billion, a price-to-earnings ratio of -35.86, a P/E/G ratio of 0.71 and a beta of 0.78. Northland Power has a 52 week low of C$15.96 and a 52 week high of C$25.99. The stock has a 50-day simple moving average of C$22.46 and a 200 day simple moving average of C$20.79. The company has a current ratio of 1.07, a quick ratio of 1.23 and a debt-to-equity ratio of 176.80.
Northland Power (TSE:NPI - Get Free Report) last issued its earnings results on Thursday, February 26th. The solar energy provider reported C$0.93 EPS for the quarter. The firm had revenue of C$725.26 million during the quarter. Northland Power had a negative return on equity of 3.92% and a negative net margin of 6.69%.
About Northland Power
(
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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.
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