TSE:INE FY2025 EPS Reduced by National Bank Financial

Innergex Renewable Energy Inc. (TSE:INE) – Equities research analysts at National Bank Financial lowered their FY2025 earnings estimates for Innergex Renewable Energy in a report issued on Thursday, January 9th. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of $0.12 for the year, down from their previous estimate of $0.14. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is $0.15 per share.

Several other research analysts have also issued reports on the stock. CIBC reduced their target price on shares of Innergex Renewable Energy from C$11.50 to C$11.00 in a research note on Thursday, November 7th. Scotiabank reduced their price objective on shares of Innergex Renewable Energy from C$12.50 to C$11.50 in a research note on Thursday, November 7th. Five equities research 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, Innergex Renewable Energy has a consensus rating of “Moderate Buy” and a consensus target price of C$12.38.

Innergex Renewable Energy Stock Performance

INE stock opened at C$7.78 on Monday. The company has a 50 day moving average price of C$8.47 and a 200 day moving average price of C$9.35. Innergex Renewable Energy has a fifty-two week low of C$7.05 and a fifty-two week high of C$10.96. The company has a debt-to-equity ratio of 428.86, a current ratio of 0.57 and a quick ratio of 0.58. The stock has a market capitalization of C$1.58 billion, a PE ratio of -11.97, a price-to-earnings-growth ratio of 20.61 and a beta of 0.36.

Innergex Renewable Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Tuesday, December 31st. Innergex Renewable Energy’s dividend payout ratio is -55.38%.

Innergex Renewable Energy Company Profile

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada’s best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world.