FY2025 Earnings Forecast for TSE:INE Issued By Scotiabank

Innergex Renewable Energy Inc. (TSE:INE - Free Report) - Equities researchers at Scotiabank cut their FY2025 earnings per share estimates for shares of Innergex Renewable Energy in a report released on Wednesday, January 8th. Scotiabank analyst R. Hope now forecasts that the company will earn $0.05 per share for the year, down from their prior estimate of $0.08. The consensus estimate for Innergex Renewable Energy's current full-year earnings is $0.15 per share. Scotiabank also issued estimates for Innergex Renewable Energy's FY2026 earnings at ($0.02) EPS.

Separately, CIBC cut their price target on Innergex Renewable Energy from C$11.50 to C$11.00 in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$12.38.

Innergex Renewable Energy Trading Up 0.3 %

Shares of Innergex Renewable Energy stock traded up C$0.02 during mid-day trading on Friday, hitting C$7.78. The stock had a trading volume of 776,192 shares, compared to its average volume of 551,332. The company has a quick ratio of 0.58, a current ratio of 0.57 and a debt-to-equity ratio of 428.86. The firm has a market cap of C$1.58 billion, a P/E ratio of -11.97, a price-to-earnings-growth ratio of 20.61 and a beta of 0.36. Innergex Renewable Energy has a 12-month low of C$7.05 and a 12-month high of C$10.96. The firm has a 50-day moving average of C$8.50 and a two-hundred day moving average of C$9.37.

Innergex Renewable Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Tuesday, December 31st. Innergex Renewable Energy's payout ratio is -55.38%.

About Innergex Renewable Energy

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada's best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world.