Northland Securities Stock Recommendations and Price Targets

This is a list of recent ratings by Northland Securities.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
10/3/2022	PHX PHX Minerals	Reiterated Rating	$3.00	$6.00	Outperform	Low
9/29/2022	GAN GAN	Lower Price Target	$2.00	$3.50 ➝ $2.50		Low
9/28/2022	RUN Sunrun	Initiated Coverage	$28.00	$60.00	Outperform	Low
9/27/2022	CXDO Crexendo	Initiated Coverage	$2.00	$4.00	Outperform	Low
9/23/2022	ALTG Alta Equipment Group	Initiated Coverage	$11.00	$25.00	Outperform	Low
9/22/2022	LAZR Luminar Technologies	Downgrade	$7.00	$13.00 ➝ $10.00	Outperform ➝ Market Perform	Low
9/16/2022	AGYS Agilysys	Boost Price Target	$54.00	$61.00 ➝ $67.00	Outperform	Low
9/16/2022	AAOI Applied Optoelectronics	Boost Price Target	$3.00	$5.00 ➝ $7.50	Outperform	Low
9/15/2022	TRNS Transcat	Initiated Coverage	$78.00	$100.00	Outperform	Low
9/13/2022	SOL ReneSola	Initiated Coverage	$5.00	$8.00	Outperform	Low
9/12/2022	SOTK Sono-Tek	Initiated Coverage	$7.00	$8.00	Outperform	Low
9/8/2022	CHGG Chegg	Upgrade	$21.00	$27.00 ➝ $30.00	Market Perform ➝ Outperform	Low
9/7/2022	STEM Stem	Initiated Coverage	$13.00	$24.00	Outperform	Low
9/6/2022	CALX Calix	Boost Price Target	$61.00	$55.00 ➝ $65.00		Low
9/6/2022	CLFD Clearfield	Boost Price Target	$99.00	$95.00 ➝ $110.00		Low
9/6/2022	NTNX Nutanix	Boost Price Target	$21.00	$34.00		Low
9/2/2022	CIEN Ciena	Lower Price Target	$41.00	$53.00 ➝ $45.00	Market Perform	Low
9/1/2022	STX Seagate Technology	Lower Price Target	$55.00	$105.00 ➝ $88.00	Outperform	Low
9/1/2022	PSTG Pure Storage	Boost Price Target	$27.00	$44.00 ➝ $47.00		Low
8/25/2022	IIVI II-VI	Lower Price Target	$42.00	$80.00 ➝ $65.00		Low
8/23/2022	PANW Palo Alto Networks	Boost Price Target	$167.00	$242.67 ➝ $244.33	Outperform	Low
8/22/2022	BE Bloom Energy	Boost Price Target	$21.00	$40.00		Low
8/19/2022	AYRWF Ayr Wellness	Lower Price Target	$2.00	$14.00 ➝ $10.00		Low
8/17/2022	VTVT vTv Therapeutics	Boost Price Target	$1.00	$1.50 ➝ $2.00	Outperform	Low
8/15/2022	IRBT iRobot	Downgrade	$56.00		Market Perform	N/A
8/11/2022	ENVX Enovix	Boost Price Target	$19.00	$22.00 ➝ $25.00	Outperform	Low
8/10/2022	EMKR EMCORE	Downgrade	$2.00		Outperform ➝ Market Perform	Low
8/9/2022	QLYS Qualys	Boost Price Target	$140.00	$138.00 ➝ $142.00		Low
8/9/2022	IRBT iRobot	Downgrade	$56.00		Market Perform	Low
8/8/2022	CASA Casa Systems	Downgrade	$3.00	$6.00 ➝ $4.00	Outperform ➝ Market Perform	Low
8/8/2022	MAXN Maxeon Solar Technologies	Initiated Coverage	$25.00	$22.00	Outperform	Low
8/4/2022	WU Western Union	Lower Price Target	$14.00	$24.00 ➝ $22.00		Low
8/4/2022	TRUP Trupanion	Lower Price Target	$58.00	$80.00 ➝ $70.00		Low
8/4/2022	IMXI International Money Express	Boost Price Target	$23.00	$26.00 ➝ $28.00		Low
8/3/2022	AMD Advanced Micro Devices	Boost Price Target	$66.00	$95.00 ➝ $105.00	Outperform	Low
8/2/2022	PLUG Plug Power	Initiated Coverage	$22.00	$25.00	Market Perform	Low
8/2/2022	SYM Symbotic	Boost Price Target	$13.00	$16.00 ➝ $20.00		Low
7/29/2022	MTSI MACOM Technology Solutions	Lower Price Target	$54.00	$75.00 ➝ $70.00		Low
7/29/2022	INTC Intel	Lower Price Target	$27.00	$62.00 ➝ $55.00		Low
7/29/2022	CLFD Clearfield	Boost Price Target	$99.00	$78.00 ➝ $95.00		Low
7/28/2022	TER Teradyne	Lower Price Target	$78.00	$90.00 ➝ $85.00		Low
7/28/2022	MXL MaxLinear	Lower Price Target	$35.00	$50.00 ➝ $45.00		Low
7/27/2022	CALX Calix	Boost Price Target	$61.00	$50.00 ➝ $55.00	Outperform	Low
7/27/2022	AGYS Agilysys	Boost Price Target	$54.00	$58.00 ➝ $61.00		Low
7/22/2022	STX Seagate Technology	Lower Price Target	$55.00	$113.00 ➝ $105.00		Low
7/21/2022	SMCI Super Micro Computer	Boost Price Target	$57.00	$85.00 ➝ $97.00		Low
7/19/2022	SHLS Shoals Technologies Group	Downgrade	$23.00		Outperform ➝ Market Perform	Low
7/19/2022	KLR Kaleyra	Lower Price Target	$1.00	$18.00 ➝ $9.00		N/A
7/12/2022	EPM Evolution Petroleum	Initiated Coverage	$7.00	$8.60	Outperform	N/A
7/12/2022	EPM Evolution Petroleum	Initiated Coverage	$7.00	$8.60	Outperform	Low
7/8/2022	BE Bloom Energy	Initiated Coverage	$21.00	$28.00	Outperform	N/A
6/30/2022	AMD Advanced Micro Devices	Upgrade	$66.00	$97.00 ➝ $95.00	Market Perform ➝ Outperform	Low
6/29/2022	CPTN Cepton	Initiated Coverage	$2.00	$5.50	Outperform	Low
6/29/2022	ITHX ITHAX Acquisition	Initiated Coverage	$10.00	$13.00	Outperform	Low
6/28/2022	AVNW Aviat Networks	Boost Price Target	$28.00	$55.00 ➝ $65.00	Outperform	Low
6/27/2022	TLS Telos	Set Price Target	$9.00	$11.00		Low
6/20/2022	RIOT Riot Blockchain	Set Price Target	$7.00	$15.00		N/A
6/14/2022	IDN Intellicheck	Lower Price Target	$2.00	$6.00 ➝ $4.00		High
6/9/2022	QMCO Quantum	Lower Price Target	$1.00	$7.00 ➝ $6.00		Medium
6/6/2022	MP MP Materials	Reiterated Rating	$29.00	$60.00	Outperform	Medium
6/3/2022	XOS XOS	Initiated Coverage	$1.00	$5.00	Outperform	Medium
6/2/2022	PSTG Pure Storage	Boost Price Target	$27.00	$42.00 ➝ $44.00	Outperform	High
6/2/2022	NTAP NetApp	Lower Price Target	$64.00	$124.00 ➝ $101.00		Low
6/1/2022	DZSI DZS	Boost Price Target	$11.00	$20.00 ➝ $25.00		High
5/30/2022	STC Sangoma Technologies	Reiterated Rating	C$7.00	C$18.00	Buy	N/A
5/27/2022	ASPU Aspen Group	Lower Price Target	$0.00	$4.50 ➝ $3.00	Outperform	Low
5/26/2022	ZEV Lightning eMotors	Reiterated Rating	$2.00	$6.50	Outperform	Low
5/26/2022	SANG Sangoma Technologies	Initiated Coverage	$5.00	$18.00	Outperform	High
5/26/2022	PLAB Photronics	Boost Price Target	$15.00	$25.00 ➝ $26.00	Outperform ➝ Outperform	Medium
5/25/2022	MITK Mitek Systems	Lower Price Target	$10.00	$20.00 ➝ $15.00		Low
5/25/2022	OOMA Ooma	Lower Price Target	$13.00	$19.00		Low
5/25/2022	AVID Avid Technology	Boost Price Target	$24.00	$48.00 ➝ $53.00	Outperform	High
5/25/2022	AMRK A-Mark Precious Metals	Boost Price Target	$29.00	$55.00 ➝ $60.00	Outperform	High
5/25/2022	GNRC Generac	Initiated Coverage	$177.00	$370.00	Outperform	High
5/23/2022	FTCI FTC Solar	Initiated Coverage	$3.00	$7.00	Outperform	High
5/23/2022	LUNA Luna Innovations	Upgrade	$5.00	$8.00	Market Perform ➝ Outperform	Low
5/23/2022	ARRY Array Technologies	Initiated Coverage	$18.00	$18.00	Outperform	N/A
5/19/2022	LAZR Luminar Technologies	Lower Price Target	$7.00	$23.00 ➝ $13.00	Outperform	High
5/18/2022	REKR Rekor Systems	Lower Price Target	$1.00	$8.00	NA	Medium
5/18/2022	ALLT Allot Communications	Lower Price Target	$4.00	$20.00	NA	Medium
5/18/2022	NOVA Sunnova Energy International	Initiated Coverage	$23.00	$30.00	Outperform	Medium
5/18/2022	AGYS Agilysys	Boost Price Target	$54.00	$58.00	NA	High
5/17/2022	SDIG Stronghold Digital Mining	Lower Price Target	$1.00	$15.00 ➝ $7.00		High
5/17/2022	NRDY Nerdy	Lower Price Target	$2.00	$10.00 ➝ $5.00		High
5/16/2022	SVFCX Smead Value Fund	Initiated Coverage	$57.00	$16.00	Outperform	Low
5/13/2022	PAYO Payoneer Global	Lower Price Target	$6.00	$14.00 ➝ $9.00		Medium
5/12/2022	PTS Points.com	Downgrade	C$32.00	C$25.00	Hold	N/A
5/12/2022	AXON Axon Enterprise	Lower Price Target	$114.00	$180.00 ➝ $130.00		High
5/10/2022	SHLS Shoals Technologies Group	Initiated Coverage	$23.00	$16.00	Outperform	High
5/10/2022	RNG RingCentral	Lower Price Target	$39.00	$275.00 ➝ $175.00		High
5/9/2022	APLD Applied Blockchain	Initiated Coverage	$2.00	$7.50	Outperform	High
5/9/2022	DKNG DraftKings	Lower Price Target	$15.00	$40.00 ➝ $25.00		High
5/9/2022	GDYN Grid Dynamics	Boost Price Target	$19.00	$22.50 ➝ $25.00		Low
5/6/2022	TREE LendingTree	Downgrade	$25.00	$90.00	Outperform ➝ Market Perform	High
5/5/2022	CASA Casa Systems	Lower Price Target	$3.00	$10.00 ➝ $6.00		High
5/4/2022	AMRN Amarin	Downgrade	$1.00		Outperform ➝ Market Perform	High
5/4/2022	SUNW Sunworks	Initiated Coverage	$3.00		Outperform	High
5/4/2022	SMCI Super Micro Computer	Boost Price Target	$57.00	$70.00 ➝ $85.00		High
5/3/2022	CHGG Chegg	Lower Price Target	$21.00	$45.00 ➝ $27.00		High
4/29/2022	AXTI AXT	Lower Price Target	$7.00	$15.00 ➝ $12.00		High