Northland Power (NPI), the Utilities sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst David Quezada from Raymond James reiterated a Buy rating, with a C$30 price target.
Quezada has an average return of 9.9% when recommending Northland Power.
According to TipRanks.com, Quezada is ranked #674 out of 5185 analysts.
Northland Power has an analyst consensus of Strong Buy, with a price target consensus of C$27.83.
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 Thursday at C$24.40.
