Northland Power Inc. (NPI.TO) (TSE:NPI) was upgraded by equities research analysts at Credit Suisse Group from a "neutral" rating to an "outperform" rating in a report released on Wednesday, Stock Target Advisor reports. The firm currently has a C$56.00 price objective on the solar energy provider's stock, up from their previous price objective of C$47.50. Credit Suisse Group's price target suggests a potential upside of 16.04% from the company's current price.
Several other equities analysts have also issued reports on the stock. National Bank Financial raised shares of Northland Power Inc. (NPI.TO) from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from C$45.00 to C$50.00 in a report on Monday, January 11th. Mizuho downgraded Northland Power Inc. (NPI.TO) from an "outperform" rating to a "market perform" rating and boosted their target price for the stock from C$39.00 to C$44.00 in a research note on Wednesday, November 11th. Royal Bank of Canada upped their target price on Northland Power Inc. (NPI.TO) from C$37.00 to C$45.00 and gave the company a "sector perform" rating in a research report on Thursday, November 12th. ATB Capital raised their price target on Northland Power Inc. (NPI.TO) from C$35.00 to C$45.00 in a report on Tuesday, September 29th. Finally, Atb Cap Markets upgraded Northland Power Inc. (NPI.TO) from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of "Hold" and a consensus price target of C$47.70.
NPI traded up C$1.22 on Wednesday, hitting C$48.26. The company had a trading volume of 501,544 shares, compared to its average volume of 697,220. The stock has a market capitalization of C$9.73 billion and a price-to-earnings ratio of 25.52. The company has a debt-to-equity ratio of 424.97, a quick ratio of 0.76 and a current ratio of 1.00. The stock has a fifty day moving average price of C$45.46 and a 200-day moving average price of C$40.82. Northland Power Inc. has a 12-month low of C$20.52 and a 12-month high of C$50.98.
Northland Power Inc. (NPI.TO) (TSE:NPI) last released its quarterly earnings results on Tuesday, November 10th. The solar energy provider reported C$0.40 earnings per share for the quarter, beating analysts' consensus estimates of C$0.23 by C$0.17. The firm had revenue of C$470.87 million during the quarter, compared to the consensus estimate of C$478.00 million. Analysts forecast that Northland Power Inc. will post 1.9099999 EPS for the current fiscal year.
About Northland Power Inc. (NPI.TO)
Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.
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7 Stocks That Will Help You Forget About the Fed
Normally when the Federal Reserve (i.e. the Fed) makes an announcement, the market reacts predictably. That’s due, in large part, to the nature of what the Fed normally announces. Will interest rates go up, down, or remain unchanged? And for their part, the markets have a pretty good idea what the Fed will do before they do it.
But the Fed’s announcement of August 26 was a little different. They talked briefly about interest rates (they’re staying really low for a long time). But they were more concerned about inflation. Well, the Fed is always concerned about inflation, but this time they really mean it. Basic economics says that low-interest rates should spur inflation.
However, the market has been defying conventional wisdom and the Fed is not getting the inflation they want. So the Fed has basically said that they’re letting inflation go rogue. If it goes above their target 2% rate, so be it. The Fed is done trying to hit a target.
At first, the markets cheered the news. Not only was the Fed not taking away the punch bowl, but they were also going to keep the low rate liquidity going for a long time!
But after a little while to digest things, investors are realizing they have to be grown-ups about this. And now investors are considering how to rebalance their portfolios for the remainder of 2020.
I don’t know about them, but if I were you I would target companies that have a high free cash flow (FCF). Whether it’s your personal finances or in evaluating a stock, cash flow is your friend.
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As institutional investors come back into the market, it’s time for you to reposition your portfolio for whatever comes next.
View the "7 Stocks That Will Help You Forget About the Fed".