Innio (NASDAQ:INIO) Shares Gap Up – What’s Next?

Innio N.V. (NASDAQ:INIO)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $21.77, but opened at $24.60. Innio shares last traded at $25.0750, with a volume of 1,022,910 shares changing hands.

Wall Street Analysts Forecast Growth

INIO has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Innio in a research report on Monday, June 29th. They issued a “hold” rating and a $41.00 target price for the company. Zacks Research raised Innio to a “hold” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. initiated coverage on Innio in a research note on Monday, June 29th. They issued an “overweight” rating and a $44.00 price objective for the company. Wall Street Zen upgraded Innio to a “hold” rating in a research report on Saturday, June 13th. Finally, BNP Paribas Exane began coverage on Innio in a research note on Monday, June 29th. They set an “outperform” rating and a $48.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.90.

Innio Price Performance

Innio (NASDAQ:INIO) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $937.70 million for the quarter.

Innio Company Profile

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.