Northland Power Inc. (TSE:NPI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Northland Power Inc. (TSE:NPI) have received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$24.90.

Several equities research analysts have recently issued reports on the stock. ATB Cormark Capital Markets lifted their price objective on shares of Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. TD raised Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 target price on the stock in a report on Friday, August 14th. Desjardins cut their price target on Northland Power from C$23.00 to C$22.00 and set a “hold” rating on the stock in a research note on Wednesday, July 22nd. Finally, TD Securities raised Northland Power from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th.

Northland Power Stock Performance

Shares of Northland Power stock opened at C$22.58 on Friday. The business has a 50-day simple moving average of C$21.48 and a 200-day simple moving average of C$22.33. The company has a debt-to-equity ratio of 164.38, a quick ratio of 1.23 and a current ratio of 1.04. Northland Power has a one year low of C$15.96 and a one year high of C$25.99. The company has a market cap of C$5.90 billion, a PE ratio of -40.32, a P/E/G ratio of 0.71 and a beta of 0.87.

Northland Power (TSE:NPI) last issued its earnings results on Thursday, August 13th. The solar energy provider reported C($0.24) earnings per share for the quarter. Northland Power had a negative net margin of 5.48% and a negative return on equity of 3.46%. The firm had revenue of C$512.21 million during 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.