STA Research maintains a “Buy” rating for Northland Power Inc.(NPI:TSX) stock and lowers the target price to $35

Northland Power Inc. Stock Forecast:

According to 19 analysts, the average target price for Northland Power Inc. stock over the next 12 months is CAD 44.22. The average analyst rating for the stock is Strong Buy. Stock Target Advisor‘s own analysis of the company is Very Bullish, based on 4 positive signals and 0 negative signals. The stock’s last closing price was CAD 29.90. Over the past week, the stock price has decreased by -0.80%, over the past month by -11.35%, and over the last year by -24.09%.

NPI:CA Ratings by Stock Target Advisor

Analysts Coverage Change:

  • RBC maintains a “Buy” rating for Northland Power Inc.  with a target price of $36.
  • STA Research maintains a “Buy” rating for Northland Power Inc. stock and lowers the target price to $35 from $40 on the company’s stock.

About Northland Power Inc.:

Northland Power Inc. is an independent power producer that focuses on developing, constructing, owning, and operating environmentally-friendly power projects across various regions. Their operations span North America, Europe, Latin America, and Asia. The company specializes in producing electricity using renewable resources, including wind, solar, hydropower, as well as clean-burning natural gas and biomass. They sell the electricity generated through power purchase agreements and other revenue arrangements.

With a strong emphasis on sustainability, Northland Power contributes to the global transition towards cleaner energy sources. They have a diverse portfolio of power projects, enabling them to leverage different renewable technologies suited to each specific region. By harnessing wind, solar, hydropower, natural gas, and biomass, the company ensures a well-rounded and reliable energy mix.

Northland Power was founded in 1987 and has its headquarters in Toronto, Canada. Over the years, the company has established itself as a leader in the renewable energy industry, actively contributing to global efforts to combat climate change and reduce carbon emissions.

FA Score (Fundamental Analysis):

The fundamental analysis of Northland Power Inc. is “Very Bullish” with a FA score of 10 out of 10, where 0 is very bearish and 10 is very bullish.

 

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