National Bank Financial Weighs in on TSE:INE FY2025 Earnings

Innergex Renewable Energy Inc. (TSE:INE) – Stock analysts at National Bank Financial cut their FY2025 EPS estimates for shares of Innergex Renewable Energy in a report released on Thursday, January 9th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings of $0.12 per share 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.

INE has been the subject of several other research reports. CIBC cut their target price on Innergex Renewable Energy from C$11.50 to C$11.00 in a research report on Thursday, November 7th. Scotiabank cut their price objective on Innergex Renewable Energy from C$12.50 to C$11.50 in a report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Innergex Renewable Energy has an average rating of “Moderate Buy” and a consensus target price of C$12.38.

Innergex Renewable Energy Stock Down 3.9 %

Shares of INE opened at C$7.62 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.57 and a debt-to-equity ratio of 428.86. The company has a 50-day moving average price of C$8.44 and a two-hundred day moving average price of C$9.34. The stock has a market cap of C$1.54 billion, a price-to-earnings ratio of -11.72, a P/E/G ratio of 20.61 and a beta of 0.36. Innergex Renewable Energy has a 12 month low of C$7.05 and a 12 month high of C$10.96.

Innergex Renewable Energy Dividend Announcement

The business 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.36 annualized dividend and a yield of 4.72%. Innergex Renewable Energy’s dividend payout ratio (DPR) 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.