Raymond James Downgrades Innergex Renewable Energy (OTCMKTS:INGXF) to Hold

Posted by Linda Flegge on Feb 27th, 2025

Innergex Renewable Energy (OTCMKTS:INGXF – Get Free Report) was downgraded by investment analysts at Raymond James from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports. Raymond James also issued estimates for Innergex Renewable Energy’s Q2 2025 earnings at $0.04 EPS and Q3 2025 earnings at ($0.01) EPS.

Separately, National Bank Financial downgraded shares of Innergex Renewable Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday.

View Our Latest Stock Report on INGXF

Innergex Renewable Energy Stock Performance

INGXF opened at $9.39 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. Innergex Renewable Energy has a 12-month low of $4.81 and a 12-month high of $9.42. The business has a 50 day moving average of $5.50 and a 200-day moving average of $6.30. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 313.00 and a beta of 0.65.

Innergex Renewable Energy (OTCMKTS:INGXF – Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.22. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. The business had revenue of $204.46 million during the quarter, compared to the consensus estimate of $266.84 million. On average, equities research analysts expect that Innergex Renewable Energy will post 0.09 earnings per share for the current year.

Innergex Renewable Energy Company Profile

(Get Free Report)

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.