Equities Analysts Issue Forecasts for TSE:INE Q2 Earnings

Innergex Renewable Energy Inc. (TSE:INE) – Equities researchers at Raymond James raised their Q2 2025 earnings estimates for Innergex Renewable Energy in a report issued on Thursday, November 7th. Raymond James analyst D. Quezada now forecasts that the company will earn $0.09 per share for the quarter, up from their previous estimate of $0.08. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is $0.15 per share. Raymond James also issued estimates for Innergex Renewable Energy’s Q4 2025 earnings at $0.06 EPS and FY2025 earnings at $0.17 EPS.

INE has been the topic of a number of other reports. CIBC reduced their target price on shares of Innergex Renewable Energy from C$11.50 to C$11.00 in a report on Thursday, November 7th. BMO Capital Markets boosted their price objective on shares of Innergex Renewable Energy from C$11.00 to C$11.50 in a research note on Thursday, September 5th. Cormark lowered Innergex Renewable Energy from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 9th. Scotiabank reduced their price target on Innergex Renewable Energy from C$12.50 to C$11.50 in a research report on Thursday, November 7th. Finally, Cibc World Mkts upgraded Innergex Renewable Energy to a “hold” rating in a research report on Monday, July 22nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$12.38.

Innergex Renewable Energy Stock Performance

TSE:INE opened at C$8.70 on Monday. The stock’s 50-day moving average is C$9.60 and its 200-day moving average is C$9.57. The stock has a market cap of C$1.76 billion, a P/E ratio of -13.38, a price-to-earnings-growth ratio of 20.61 and a beta of 0.36. Innergex Renewable Energy has a 1-year low of C$7.05 and a 1-year high of C$10.96. The company has a current ratio of 0.57, a quick ratio of 0.58 and a debt-to-equity ratio of 428.86.

Innergex Renewable Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Tuesday, December 31st. Innergex Renewable Energy’s dividend payout ratio (DPR) is presently -55.38%.

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.