A number of firms have modified their ratings and price targets on shares of Innergex Renewable Energy (TSE: INE) recently:
- 2/26/2025 – Innergex Renewable Energy was downgraded by analysts at Desjardins from a “buy” rating to a “tender” rating. They now have a C$13.75 price target on the stock, down previously from C$14.50.
- 2/26/2025 – Innergex Renewable Energy was downgraded by analysts at National Bankshares, Inc. from an “outperform” rating to a “sector perform” rating. They now have a C$13.75 price target on the stock, down previously from C$16.00.
- 2/26/2025 – Innergex Renewable Energy was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating. They now have a C$13.75 price target on the stock, up previously from C$11.50.
- 2/25/2025 – Innergex Renewable Energy was downgraded by analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating.
- 2/24/2025 – Innergex Renewable Energy had its price target lowered by analysts at Raymond James from C$13.00 to C$11.50.
- 2/21/2025 – Innergex Renewable Energy had its price target raised by analysts at TD Securities from C$8.00 to C$9.00. They now have a “hold” rating on the stock.
- 2/11/2025 – Innergex Renewable Energy had its price target lowered by analysts at National Bankshares, Inc. from C$17.00 to C$16.00. They now have an “outperform” rating on the stock.
- 1/30/2025 – Innergex Renewable Energy had its price target lowered by analysts at Cormark from C$10.00 to C$9.50.
- 1/30/2025 – Innergex Renewable Energy had its price target lowered by analysts at Scotiabank from C$11.50 to C$10.50.
Innergex Renewable Energy Stock Performance
Shares of INE stock opened at C$13.49 on Friday. The company’s 50-day moving average is C$9.07 and its 200 day moving average is C$9.12. The company has a debt-to-equity ratio of 620.44, a quick ratio of 0.58 and a current ratio of 0.56. The company has a market capitalization of C$2.77 billion, a price-to-earnings ratio of -21.64, a price-to-earnings-growth ratio of 20.61 and a beta of 0.36. Innergex Renewable Energy Inc. has a one year low of C$6.98 and a one year high of C$13.60.
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.
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