National Bankshares Issues Pessimistic Forecast for Northland Power (TSE:NPI) Stock Price

Northland Power (TSE:NPI) had its price target cut by equities research analysts at National Bankshares from C$34.00 to C$32.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the solar energy provider’s stock. National Bankshares’ price target would suggest a potential upside of 84.97% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Scotiabank decreased their price objective on Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. Raymond James raised Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. Cormark decreased their price target on Northland Power from C$25.00 to C$23.50 in a research note on Thursday, January 30th. Finally, CIBC dropped their price objective on Northland Power from C$31.00 to C$29.00 in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$28.31.

Northland Power Stock Up 0.7 %

Shares of TSE:NPI opened at C$17.30 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. Northland Power has a twelve month low of C$16.14 and a twelve month high of C$24.88. The company has a market capitalization of C$4.46 billion, a PE ratio of 72.08, a P/E/G ratio of 0.71 and a beta of 0.47. The firm has a 50 day simple moving average of C$18.07 and a 200-day simple moving average of C$20.49.

About Northland Power

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.