Northland Power Inc. (TSE:NPI) had its price objective boosted by stock analysts at Royal Bank Of Canada from C$22.00 to C$23.00 in a research report issued to clients and investors on Wednesday. The firm presently has a “sector perform” rating on the solar energy provider’s stock. Royal Bank Of Canada’s target price would suggest a potential downside of 3.32% from the company’s previous close.
NPI has been the subject of a number of other reports. Raymond James Financial, Inc. lifted their target price on Northland Power from C$28.00 to C$29.50 and gave the stock an “outperform” rating in a report on Wednesday, May 10th. TD Securities raised Northland Power from a “buy” rating to an “action list buy” rating and set a C$27.00 target price for the company in a report on Monday, June 26th.
Shares of Northland Power (TSE:NPI) traded up 0.63% during midday trading on Wednesday, reaching $23.94. The company’s stock had a trading volume of 41,211 shares. The firm has a market cap of $4.17 billion and a price-to-earnings ratio of 19.46. Northland Power has a one year low of $20.89 and a one year high of $25.04. The stock’s 50 day moving average price is $23.30 and its 200 day moving average price is $23.82.
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Northland Power Company Profile
Northland Power Inc (Northland) is an independent power producer. The Company develops, finances, builds, owns and operates facilities in Canada and internationally that produce clean and green energy using natural gas, biomass, wind and solar technology. Northland segments include thermal; renewable; managed, which includes management and operations services for Kirkland Lake, Cochrane and Canadian Environmental Energy Corporation (CEEC); offshore wind, including Gemini and Nordsee, and other, which includes investment income and administration of Northland.
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