FY2025 EPS Estimates for Innergex Renewable Energy Inc. (TSE:INE) Cut by Analyst

Innergex Renewable Energy Inc. (TSE:INE) – Equities researchers at National Bank Financial dropped their FY2025 earnings per share (EPS) estimates for Innergex Renewable Energy in a research report issued to clients and investors on Thursday, August 8th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of $0.54 for the year, down from their previous 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 analysts have also recently issued reports on INE. National Bankshares lifted their price objective on Innergex Renewable Energy from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, July 4th. TD Securities cut Innergex Renewable Energy from a “buy” rating to a “hold” rating and set a C$10.00 price objective for the company. in a research report on Friday, July 26th. Scotiabank lifted their price objective on Innergex Renewable Energy from C$10.50 to C$12.50 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Cormark cut Innergex Renewable Energy from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Desjardins raised their target price on Innergex Renewable Energy from C$13.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$12.25.

Innergex Renewable Energy Stock Performance

Shares of Innergex Renewable Energy stock opened at C$9.55 on Monday. The stock has a market cap of C$1.94 billion, a PE ratio of -14.92, a price-to-earnings-growth ratio of 20.61 and a beta of 0.34. The business has a fifty day simple moving average of C$10.14 and a 200-day simple moving average of C$8.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 546.12. Innergex Renewable Energy has a 12 month low of C$7.05 and a 12 month high of C$13.34.

Innergex Renewable Energy Dividend Announcement

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

Insider Transactions at Innergex Renewable Energy

In other Innergex Renewable Energy news, Director Patrick Loulou acquired 11,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were acquired at an average cost of C$10.25 per share, for a total transaction of C$112,750.00. 20.44% of the stock is currently owned by corporate insiders.

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.