Northland Power (TSE:NPI) Upgraded at TD Securities

Key Points

• TD Securities upgraded Northland Power from “hold” to “strong buy,” while other analysts also raised price targets. The stock has an overall “Moderate Buy” consensus rating and an average target of C$24.90.
• Northland Power shares rose 3.6%, opening at C$21.58, compared with a 52-week range of C$15.96 to C$25.99; the company’s market capitalization is approximately C$5.64 billion.
• The renewable-energy company reported quarterly EPS of negative C$0.24, revenue of C$2.35 million, a negative net margin of 5.52%, and negative return on equity of 3.45%.

Northland Power (TSE:NPI - Get Free Report) was upgraded by analysts at TD Securities from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other research firms have also recently issued reports on NPI. ATB Cormark Capital Markets boosted their price objective on Northland Power from C$27.00 to C$28.00 and gave the company an "outperform" rating in a report on Friday. Desjardins decreased their target price on Northland Power from C$23.00 to C$22.00 and set a "hold" rating for the company in a research report on Wednesday, July 22nd. Scotia boosted their target price on shares of Northland Power from C$23.00 to C$25.00 and gave the company a "sector perform" rating in a research note on Friday, May 15th. TD upgraded shares of Northland Power from a "hold" rating to a "buy" rating and set a C$25.00 price target on the stock in a report on Friday. Finally, Raymond James Financial raised their price target on shares of Northland Power from C$25.50 to C$26.00 and gave the stock an "outperform" rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$24.90.

Northland Power Stock Up 3.6%

Shares of TSE:NPI opened at C$21.58 on Friday. Northland Power has a 1 year low of C$15.96 and a 1 year high of C$25.99. The business has a 50 day simple moving average of C$22.00 and a two-hundred day simple moving average of C$22.00. The firm has a market capitalization of C$5.64 billion, a PE ratio of -37.86, a price-to-earnings-growth ratio of 0.71 and a beta of 0.88. The company has a debt-to-equity ratio of 168.64, a current ratio of 1.16 and a quick ratio of 1.23.

Northland Power (TSE:NPI - Get Free Report) last released its earnings results on Thursday, August 13th. The solar energy provider reported C($0.24) EPS for the quarter. Northland Power had a negative net margin of 5.52% and a negative return on equity of 3.45%. The business 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.

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