Innergex Renewable Energy Inc. (TSE:INE - Free Report) - Stock analysts at Raymond James issued their Q1 2025 earnings estimates for shares of Innergex Renewable Energy in a research report issued to clients and investors on Thursday, April 25th. Raymond James analyst D. Quezada forecasts that the company will post earnings of ($0.05) per share for the quarter. Raymond James has a "Outperform" rating and a $13.00 price objective on the stock. The consensus estimate for Innergex Renewable Energy's current full-year earnings is $0.08 per share. Raymond James also issued estimates for Innergex Renewable Energy's Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.06 EPS and Q4 2025 earnings at $0.05 EPS.
Several other research analysts have also commented on INE. Royal Bank of Canada reduced their price target on Innergex Renewable Energy from C$13.00 to C$11.00 and set a "sector perform" rating for the company in a research report on Monday, February 12th. BMO Capital Markets lowered their target price on Innergex Renewable Energy from C$10.00 to C$9.00 and set an "outperform" rating on the stock in a research note on Thursday, February 22nd. Desjardins lowered their price target on Innergex Renewable Energy from C$14.50 to C$14.00 and set a "buy" rating on the stock in a research report on Friday, February 23rd. National Bankshares increased their price target on Innergex Renewable Energy from C$15.75 to C$17.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 9th. Finally, CIBC increased their target price on Innergex Renewable Energy from C$9.00 to C$9.50 and gave the company a "neutral" rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$12.59.
Check Out Our Latest Stock Report on Innergex Renewable Energy
Innergex Renewable Energy Trading Down 0.4 %
Shares of Innergex Renewable Energy stock traded down C$0.03 on Friday, reaching C$7.94. The company had a trading volume of 384,022 shares, compared to its average volume of 781,110. The firm has a market cap of C$1.62 billion, a price-to-earnings ratio of -15.57, a P/E/G ratio of 20.61 and a beta of 0.35. The company has a debt-to-equity ratio of 544.43, a current ratio of 0.92 and a quick ratio of 0.58. Innergex Renewable Energy has a 1 year low of C$7.05 and a 1 year high of C$14.40. The firm's 50-day moving average price is C$8.04 and its two-hundred day moving average price is C$8.76.
Innergex Renewable Energy (TSE:INE - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported C($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C($0.04) by C$0.01. The business had revenue of C$261.53 million for the quarter, compared to the consensus estimate of C$264.85 million. Innergex Renewable Energy had a negative return on equity of 7.86% and a negative net margin of 9.45%.
Insider Buying and Selling at Innergex Renewable Energy
In other news, Director Richard Gagnon purchased 3,125 shares of the firm's stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of C$8.13 per share, with a total value of C$25,408.75. In other Innergex Renewable Energy news, Senior Officer Jean Trudel purchased 13,000 shares of Innergex Renewable Energy stock in a transaction on Monday, February 26th. The shares were bought at an average price of C$7.68 per share, with a total value of C$99,840.00. Also, Director Richard Gagnon bought 3,125 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of C$8.13 per share, for a total transaction of C$25,408.75. In the last 90 days, insiders have acquired 22,125 shares of company stock valued at $174,975. 20.41% of the stock is owned by corporate insiders.
Innergex Renewable Energy Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Wednesday, March 27th. Innergex Renewable Energy's dividend payout ratio is presently -70.59%.
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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