Northland Power (TSE:NPI) had its price objective lifted by investment analysts at National Bank Financial from C$25.00 to C$26.00 in a research note issued on Tuesday, February 5th. The brokerage presently has an “outperform” rating on the solar energy provider’s stock. National Bank Financial’s price target would suggest a potential upside of 4.88% from the stock’s current price. National Bank Financial also issued estimates for Northland Power’s FY2018 earnings at $1.59 EPS, FY2019 earnings at $1.34 EPS and FY2020 earnings at $2.05 EPS.
NPI has been the subject of several other reports. Industrial Alliance Securities cut Northland Power from a “strong-buy” rating to a “buy” rating and dropped their price target for the stock from C$28.00 to C$26.00 in a report on Tuesday, October 9th. CIBC lowered their price target on Northland Power from C$27.50 to C$27.00 in a report on Wednesday, October 24th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Northland Power has an average rating of “Buy” and a consensus target price of C$27.03.
Shares of TSE NPI traded down C$0.16 during mid-day trading on Tuesday, hitting C$24.79. 215,800 shares of the company’s stock traded hands, compared to its average volume of 475,089. The company has a current ratio of 1.35, a quick ratio of 0.71 and a debt-to-equity ratio of 514.42. The stock has a market capitalization of $4.49 billion and a price-to-earnings ratio of 17.00. Northland Power has a 1 year low of C$19.91 and a 1 year high of C$25.33.
Northland Power (TSE:NPI) last posted its quarterly earnings results on Thursday, February 21st. The solar energy provider reported C$0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.33 by C($0.11). The business had revenue of C$380.86 million for the quarter, compared to analyst estimates of C$409.30 million. On average, equities analysts predict that Northland Power will post 1.56999998929402 EPS for the current fiscal year.
About Northland Power
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 September 24, 2018, 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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