FY2019 EPS Estimates for Northland Power Inc. Increased by Raymond James (NPI)

Northland Power Inc. (TSE:NPI) – Equities research analysts at Raymond James lifted their FY2019 EPS estimates for shares of Northland Power in a report issued on Tuesday, April 23rd. Raymond James analyst D. Quezada now expects that the solar energy provider will post earnings per share of $1.56 for the year, up from their prior forecast of $1.47. Raymond James currently has a “Outperform” rating and a $30.00 target price on the stock. Raymond James also issued estimates for Northland Power’s Q4 2019 earnings at $0.38 EPS and FY2020 earnings at $1.67 EPS.

Northland Power (TSE:NPI) last posted its quarterly earnings data on Thursday, February 21st. The solar energy provider reported C$0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.33 by C($0.11). The company had revenue of C$380.86 million during the quarter, compared to the consensus estimate of C$409.30 million.

Other equities research analysts have also issued reports about the company. BMO Capital Markets reaffirmed an “outperform” rating and set a C$28.00 target price on shares of Northland Power in a research report on Tuesday, April 9th. National Bank Financial reaffirmed an “outperform” rating and set a C$26.00 target price on shares of Northland Power in a research report on Tuesday, March 19th. Desjardins boosted their price target on Northland Power from C$27.50 to C$27.75 in a research report on Wednesday, February 27th. Canaccord Genuity boosted their price target on Northland Power from C$27.00 to C$28.00 in a research report on Monday, February 25th. Finally, CIBC boosted their price target on Northland Power from C$26.00 to C$26.50 in a research report on Monday, February 25th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$27.03.

NPI opened at C$23.94 on Wednesday. Northland Power has a 52-week low of C$19.91 and a 52-week high of C$26.21. The company has a debt-to-equity ratio of 514.42, a current ratio of 1.35 and a quick ratio of 0.71. The firm has a market cap of $4.32 billion and a P/E ratio of 16.42.

About Northland Power

Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

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