BMO Capital Reaffirms Their Buy Rating on Northland Power (NPI)


In a latest note to investors, a research analyst has provided a rating update for the Utilities sector company, Northland Power (NPI). The company received a Buy today from BMO Capital’s analyst Benjamin Pham, with a C$28 price target.

According to TipRanks.com, Pham is a 5-star analyst with an average return of 10.7% and a 82.9% success rate. Pham covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., TerraForm Power, and Pattern Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Northland Power with a C$27.40 average price target, representing a 15.5% upside. In a report issued on April 5, Desjardins also reiterated a Buy rating on the stock with a C$28.50 price target.

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Based on Northland Power’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$43.18 million. In comparison, last year the company had a net profit of C$111 million.

Northland Power, Inc. engages in the development, building, owning, and managing wind facilities. It operates through the following segments: Offshore Wind, Thermal, On-shore Renewables, and Other. The Offshore Wind segment comprises Gemini, Nordsee One, and Deutsche Bucht projects.

The company’s shares closed on Tuesday at C$23.73.

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