Northland Power Inc. (TSE:NPI) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a C$25.00 price objective on the stock. TD Securities’ price objective indicates a potential upside of 19.05% from the stock’s previous close.

NPI has been the topic of several other research reports. BMO Capital Markets upped their price objective on shares of Northland Power from C$23.00 to C$24.00 and gave the stock a “market perform” rating in a report on Thursday, August 11th. Canaccord Genuity began coverage on shares of Northland Power in a report on Wednesday, July 20th. They issued a “hold” rating and a C$26.00 target price for the company. FirstEnergy Capital upgraded shares of Northland Power from an “underperform” rating to a “market perform” rating in a report on Friday, August 12th. Finally, Raymond James Financial Inc. downgraded shares of Northland Power from a “strong-buy” rating to an “outperform” rating in a report on Thursday, July 21st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$25.11.

Analyst Recommendations for Northland Power (TSE:NPI)

Shares of Northland Power (TSE:NPI) opened at 21.00 on Friday. The firm has a 50-day moving average of $23.50 and a 200-day moving average of $23.29. The company’s market cap is $3.61 billion. Northland Power has a 12-month low of $16.90 and a 12-month high of $25.14.

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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