Raymond James analyst David Quezada maintained a Buy rating on Northland Power (OTC:NPIFF) on Friday, setting a price target of C$55, which is approximately 40.83% above the present share price of $31.02.
Quezada expects Northland Power to post earnings per share (EPS) of -$0.08 for the fourth quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Northland Power, with an average price target of $39.33.
The analysts price targets range from a high of $44 to a low of $35.74.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $408.32 million and a net profit of $104.33 million. The company's market cap is $7 billion.
According to TipRanks.com, Raymond James analyst David Quezada is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.2% and a 69.94% success rate.
Northland Power Inc is an operator of power producing facilities. These facilities generate electricity from natural gas or use renewable sources, such as wind and solar power. Most of the electricity produced by Northland Power comes from its thermal facilities. Additionally, almost all of Northland Power's power generation takes place in Canada. The company also owns assets in Mexico, the Netherlands, and Germany. In the Netherlands and Germany, Northland Power is developing onshore and offshore wind facilities. Northland Power derives most of its revenue from the sale of electricity using long-term agreements and through its ownership of other power generating facilities, or NUGs, that also sell energy.