National Bank Financial Weighs in on Northland Power Inc.’s FY2018 Earnings (NPI)
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.
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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