National Bank Financial Weighs in on TSE:INE FY2025 Earnings

Innergex Renewable Energy Inc. (TSE:INE - Free Report) - National Bank Financial cut their FY2025 earnings per share estimates for Innergex Renewable Energy in a report issued on Thursday, January 9th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings of $0.12 per share for the year, down from their prior forecast of $0.14. The consensus estimate for Innergex Renewable Energy's current full-year earnings is $0.15 per share.

A number of other equities analysts also recently issued reports on the stock. CIBC cut their price target on shares of Innergex Renewable Energy from C$11.50 to C$11.00 in a report on Thursday, November 7th. Scotiabank dropped their target price on shares of Innergex Renewable Energy from C$12.50 to C$11.50 in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$12.38.

Innergex Renewable Energy Price Performance

Innergex Renewable Energy stock opened at C$7.78 on Monday. The company 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 one year low of C$7.05 and a one year high of C$10.96. The business has a fifty day moving average of C$8.47 and a two-hundred day moving average of C$9.35. The company has a debt-to-equity ratio of 428.86, a quick ratio of 0.58 and a current ratio of 0.57.

Innergex Renewable Energy Dividend Announcement

The firm 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 dividend of $0.09 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.63%. Innergex Renewable Energy's dividend payout ratio (DPR) is -55.38%.

Innergex Renewable Energy Company Profile

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.