Scotiabank analyst Robert Hope lowered the firm’s price target on Northland Power (NPIFF) to C$23 from C$24 and keeps a Sector Perform rating on the shares following the investor day. The reduced the company’s cash flow estimates. The stock could be range-bound pending greater visibility on Northland’s offshore wind projects entering service in the second half of 2026, the analyst tells investors in a research note.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NPIFF:
- Northland Power downgraded to Hold from Buy at TD Securities
- Northland Power Expands in Poland with Battery Storage Acquisition
- Northland Power Unveils Strategic 2030 Growth Plan and Market Expansion Initiatives
- Northland Power targets doubling gross operating capacity to 7 GW by 2030
- Northland Power transitions from three business units to two regional hubs