02:04:42 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Northland Power Inc
Symbol NPI
Shares Issued 254,939,822
Close 2024-01-30 C$ 24.80
Market Cap C$ 6,322,507,586
Recent Sedar Documents

Globe says Northland Power maintained at "outperform"

2024-01-31 08:49 ET - In the News

The Globe and Mail reports in its Wednesday, Jan. 31, edition that RBC Dominion Securities analysts expect investors in the Canadian energy infrastructure industry to "focus even more than normal on press release outlook statements and conference call commentary rather than the results themselves." The Globe's David Leeder writes in the Eye On Equities column that the RBC analysts say in a note: "Specifically, we think funding (especially in light of lower interest rates) and capital allocation will be the most topical subjects across all companies. While we think that there is generally investor appetite for well-contracted small to medium-sized growth projects, we believe the market will take a much more cautious approach to larger initiatives." The RBC analysts have reaffirmed Northland Power at "outperform" with a $28 share target. Analysts on average target the shares at $32. The Globe reported on Dec. 8 that RBC rated Northland Power "outperform." It was then worth $22.66. The Globe reported on Jan. 10 that National Bank Financial analyst Rupert Merer had named Northland Power a top pick for 2024. In the item, Mr. Merer reiterated his "outperform" recommendation for Northland, which was then trading at $24.89.

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