Innergex Renewable Energy (OTCMKTS:INGXF) Downgraded to Hold Rating by National Bank Financial

National Bank Financial downgraded shares of Innergex Renewable Energy (OTCMKTS:INGXF) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks.com reports. National Bank Financial also issued estimates for Innergex Renewable Energy’s Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.04 EPS and Q4 2025 earnings at $0.03 EPS.

Innergex Renewable Energy Price Performance

INGXF opened at $9.39 on Tuesday. The firm has a market capitalization of $1.91 billion, a P/E ratio of 313.00 and a beta of 0.65. The stock has a fifty day moving average of $5.50 and a 200-day moving average of $6.30. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. Innergex Renewable Energy has a 12-month low of $4.81 and a 12-month high of $9.42.

Innergex Renewable Energy (OTCMKTS:INGXF) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.22. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. The firm had revenue of $204.46 million for the quarter, compared to analyst estimates of $266.84 million. Equities analysts forecast that Innergex Renewable Energy will post 0.09 EPS for the current fiscal year.

Innergex Renewable Energy Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were issued a dividend of $0.0649 per share. This represents a dividend yield of 4.6%. The ex-dividend date was Tuesday, December 31st. Innergex Renewable Energy’s dividend payout ratio is currently 800.00%.

About Innergex Renewable Energy

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.