Innergex Renewable Energy - INGXF Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innergex Renewable Energy in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" INGXF shares.
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7 analysts have issued 1 year target prices for Innergex Renewable Energy's shares. Their INGXF share price forecasts range from $20.00 to $24.00. On average, they predict the company's stock price to reach $22.39 in the next twelve months. This suggests a possible upside of 47.0% from the stock's current price.
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Innergex Renewable Energy's stock was trading at $14.69 on January 1st, 2022. Since then, INGXF shares have increased by 3.7% and is now trading at $15.23.
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Innergex Renewable Energy saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,938,700 shares, an increase of 24.2% from the June 15th total of 1,561,000 shares. Based on an average trading volume of 6,500 shares, the days-to-cover ratio is presently 298.3 days.
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Innergex Renewable Energy Inc. (OTCMKTS:INGXF) issued its quarterly earnings data on Tuesday, May, 9th. The company reported ($0.05) earnings per share for the quarter. The company earned $56.30 million during the quarter. Innergex Renewable Energy had a negative net margin of 9.83% and a negative trailing twelve-month return on equity of 0.16%.

Innergex Renewable Energy announced a dividend on Wednesday, June 22nd. Investors of record on Thursday, June 30th will be paid a dividend of $0.1383 per share on Friday, July 15th. This represents a yield of 4.12%. The ex-dividend date of this dividend is Wednesday, June 29th.
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Innergex Renewable Energy (OTCMKTS:INGXF) pays an annual dividend of $0.57 per share and currently has a dividend yield of 3.76%.
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Innergex Renewable Energy trades on the OTCMKTS under the ticker symbol "INGXF."

Shares of INGXF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of INGXF stock can currently be purchased for approximately $15.23.

Innergex Renewable Energy (OTCMKTS:INGXF) has a market capitalization of $3.11 billion and generates $596.15 million in revenue each year. The company earns $-153,040,000.00 in net income (profit) each year or ($0.34) on an earnings per share basis.

Innergex Renewable Energy employs 488 workers across the globe.

Innergex Renewable Energy's mailing address is 1225 St-Charles Street West 10th floor, Longueuil A8, J4K 0B9. The official website for the company is www.innergex.com. The company can be reached via phone at (450) 928-2550, via email at jfneault@innergex.com, or via fax at 45-0928-2544.