The Globe and Mail reports in its Friday, May 12, edition that Desjardins Securities' Brent Stadler has reaffirmed his "buy" recommendation for Northland Power. The Globe's David Leeder writes in the Eye On Equities column that Mr. Stadler lowered his share target to $39 from $43. Analysts on average target the shares at $44.07. Mr. Stadler says in a note: "It was a tough quarter, and continued inflationary pressures have further impacted the Baltic Power project cost, which we now estimate could total $6.3-billion (was $5.5-billion). In our view, achieving financial close on HL and BP, locking in project costs, and providing clarity on funding and concrete guidance on expected project returns could be well-received by investors and get the story back on track. We remain bullish on offshore wind over the longer term, but acknowledge near-term challenges remain." The Globe reported on April 24 that ATB Capital Markets analyst Nate Heywood continued to maintain his recommendation for Northland Power at "outperform." The shares could then be had for $33.73.