In a new note to investors on April 5, an analyst has provided a rating update for the Utilities sector company, Northland Power (NPI). The company received a Buy on April 5 from Desjardins’ analyst Bill Cabel, with a C$28.50 price target.
According to TipRanks.com, Cabel is a 5-star analyst with an average return of 12.2% and a 83.5% success rate. Cabel covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., Algonquin Power & Utilities Corp, and Pattern Energy.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Northland Power with a C$27.25 average price target.
The company has a one-year high of C$26.21 and a one-year low of C$19.91. Currently, Northland Power has an average volume of 644.8K.
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 Monday at C$23.65.
