Innergex Renewable Energy (TSE:INE) Rating Lowered to Hold at National Bank Financial

Innergex Renewable Energy (TSE:INE) was downgraded by stock analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports. National Bank Financial also issued estimates for Innergex Renewable Energy’s Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.05 EPS and Q4 2025 earnings at $0.04 EPS.

A number of other equities research analysts have also weighed in on INE. Raymond James lowered Innergex Renewable Energy from an “outperform” rating to a “market perform” rating and boosted their target price for the company from C$11.50 to C$13.75 in a research note on Wednesday. Desjardins downgraded Innergex Renewable Energy from a “buy” rating to a “tender” rating and lowered their price objective for the company from C$14.50 to C$13.75 in a research report on Wednesday. National Bankshares cut shares of Innergex Renewable Energy from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$16.00 to C$13.75 in a report on Wednesday. Scotiabank lowered their price target on shares of Innergex Renewable Energy from C$11.50 to C$10.50 in a report on Thursday, January 30th. Finally, CIBC dropped their price target on shares of Innergex Renewable Energy from C$11.50 to C$11.00 in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$11.59.

Innergex Renewable Energy Price Performance

Shares of TSE:INE opened at C$13.46 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.56 and a debt-to-equity ratio of 620.44. The stock has a market cap of C$2.76 billion, a PE ratio of -21.59, a PEG ratio of 20.61 and a beta of 0.36. The company’s fifty day moving average is C$8.00 and its 200 day moving average is C$8.84. Innergex Renewable Energy has a 52 week low of C$6.98 and a 52 week high of C$13.53.

About Innergex Renewable Energy

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.