Innergex Renewable Energy Inc. (TSE:INE) Expected to Earn FY2025 Earnings of $0.54 Per Share

Innergex Renewable Energy Inc. (TSE:INE) – Stock analysts at National Bank Financial reduced their FY2025 earnings estimates for Innergex Renewable Energy in a research report issued on Thursday, August 8th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings of $0.54 per share for the year, down from their prior forecast of $0.55. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is $0.08 per share.

A number of other research firms have also recently weighed in on INE. TD Securities cut shares of Innergex Renewable Energy from a “buy” rating to a “hold” rating and set a C$10.00 price objective for the company. in a report on Friday, July 26th. Scotiabank lifted their price objective on shares of Innergex Renewable Energy from C$10.50 to C$12.50 and gave the company an “outperform” rating in a report on Wednesday, June 12th. National Bankshares boosted their target price on shares of Innergex Renewable Energy from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, July 4th. Desjardins boosted their target price on shares of Innergex Renewable Energy from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Finally, CIBC boosted their target price on shares of Innergex Renewable Energy from C$11.00 to C$11.50 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Innergex Renewable Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$12.25.

Innergex Renewable Energy Trading Up 1.1 %

TSE INE opened at C$9.55 on Monday. Innergex Renewable Energy has a 1 year low of C$7.05 and a 1 year high of C$13.34. The company has a debt-to-equity ratio of 546.12, a current ratio of 0.74 and a quick ratio of 0.58. The company has a fifty day moving average of C$10.14 and a 200 day moving average of C$8.97. The company has a market capitalization of C$1.94 billion, a PE ratio of -14.92, a P/E/G ratio of 20.61 and a beta of 0.34.

Insider Buying and Selling

In other Innergex Renewable Energy news, Director Patrick Loulou bought 11,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were purchased at an average cost of C$10.25 per share, with a total value of C$112,750.00. 20.44% of the stock is owned by insiders.

Innergex Renewable Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Friday, September 27th. Innergex Renewable Energy’s payout ratio is currently -56.25%.

Innergex Renewable Energy Company Profile

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.