Innergex Renewable Energy Inc. (TSE:INE - Free Report) - Stock analysts at Raymond James increased their Q2 2025 EPS estimates for Innergex Renewable Energy in a note issued to investors on Thursday, November 7th. Raymond James analyst D. Quezada now forecasts that the company will post earnings per share of $0.09 for the quarter, up from their previous estimate of $0.08. The consensus estimate for Innergex Renewable Energy's current full-year earnings is $0.15 per share. Raymond James also issued estimates for Innergex Renewable Energy's Q4 2025 earnings at $0.06 EPS and FY2025 earnings at $0.17 EPS.
A number of other research analysts have also issued reports on INE. TD Securities lowered Innergex Renewable Energy from a "buy" rating to a "hold" rating and set a C$10.00 target price for the company. in a report on Friday, July 26th. BMO Capital Markets increased their price target on shares of Innergex Renewable Energy from C$11.00 to C$11.50 in a research note on Thursday, September 5th. Scotiabank dropped their target price on Innergex Renewable Energy from C$12.50 to C$11.50 in a report on Thursday. Cormark downgraded Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 9th. Finally, Cibc World Mkts raised Innergex Renewable Energy to a "hold" rating in a research note on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$12.38.
Read Our Latest Report on INE
Innergex Renewable Energy Price Performance
TSE INE traded down C$0.14 during trading hours on Monday, hitting C$8.92. 138,092 shares of the company's stock traded hands, compared to its average volume of 646,873. The company has a market capitalization of C$1.81 billion, a PE ratio of -13.94, a PEG ratio of 20.61 and a beta of 0.36. The firm's 50-day moving average is C$9.62 and its 200-day moving average is C$9.59. Innergex Renewable Energy has a 52-week low of C$7.05 and a 52-week high of C$10.96. The company has a debt-to-equity ratio of 428.86, a current ratio of 0.57 and a quick ratio of 0.58.
Innergex Renewable Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Tuesday, December 31st. Innergex Renewable Energy's dividend payout ratio is currently -55.38%.
Innergex Renewable Energy Company Profile
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Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.
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