Northland Power Inc. (TSE:NPI) – Stock analysts at National Bank Financial lowered their FY2018 earnings estimates for Northland Power in a research report issued on Wednesday, September 19th. National Bank Financial analyst R. Merer now forecasts that the solar energy provider will post earnings of $1.49 per share for the year, down from their prior forecast of $1.54. National Bank Financial has a “Outperform” rating and a $27.00 price objective on the stock. National Bank Financial also issued estimates for Northland Power’s FY2019 earnings at $1.39 EPS and FY2020 earnings at $2.73 EPS.

Northland Power (TSE:NPI) last issued its earnings results on Wednesday, August 8th. The solar energy provider reported C$0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.02. Northland Power had a return on equity of 26.18% and a net margin of 20.85%. The business had revenue of C$338.18 million during the quarter, compared to analysts’ expectations of C$352.50 million.

NPI has been the topic of a number of other research reports. Raymond James upped their price target on Northland Power from C$29.50 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday, June 26th. Canaccord Genuity reduced their price target on Northland Power from C$28.00 to C$27.00 in a research report on Thursday, September 20th. BMO Capital Markets upgraded Northland Power from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$25.00 to C$28.00 in a research report on Tuesday, September 11th. CIBC upped their price target on Northland Power from C$26.50 to C$27.50 in a research report on Monday, June 25th. Finally, Royal Bank of Canada upped their price target on Northland Power from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Monday, June 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$27.44.

TSE NPI opened at C$21.91 on Monday. Northland Power has a 12 month low of C$21.11 and a 12 month high of C$25.33.

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 December 2017, 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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