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Northland Power ( (TSE:NPI) ) has shared an update.
Northland Power has achieved a significant milestone with the first power generation from its Hai Long Offshore Wind Project in Taiwan, connecting to Taipower’s grid ahead of schedule. This achievement marks substantial progress in the project, which is expected to be fully operational by 2027, contributing to Taiwan’s renewable energy goals and providing clean electricity to over one million homes.
The most recent analyst rating on (TSE:NPI) stock is a Buy with a C$28.00 price target. To see the full list of analyst forecasts on Northland Power stock, see the TSE:NPI Stock Forecast page.
Spark’s Take on TSE:NPI Stock
According to Spark, TipRanks’ AI Analyst, TSE:NPI is a Outperform.
Northland Power benefits from strong financial performance and strategic project completions. However, high leverage and recent financial challenges due to low wind resources temper the outlook, despite positive technical indicators and a solid dividend yield.
To see Spark’s full report on TSE:NPI stock, click here.
More about Northland Power
Northland Power is a Canada-based global power producer established in 1987. It focuses on accelerating the global energy transition by developing, owning, and operating a diverse mix of energy infrastructure assets, including offshore and onshore wind, solar, battery energy storage, and natural gas. The company also supplies energy through a regulated utility and has a significant presence with offices in seven countries. Northland Power is publicly traded on the Toronto Stock Exchange.
Average Trading Volume: 841,715
Technical Sentiment Signal: Buy
Current Market Cap: C$5.53B
Learn more about NPI stock on TipRanks’ Stock Analysis page.