Brokers Issue Forecasts for OTCMKTS:INGXF Q1 Earnings

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) – Analysts at Raymond James cut their Q1 2025 earnings estimates for shares of Innergex Renewable Energy in a research report issued on Tuesday, April 29th. Raymond James analyst T. Genzebu now anticipates that the company will post earnings per share of ($0.08) for the quarter, down from their prior estimate of ($0.06). Raymond James has a “Hold” rating on the stock. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is $0.09 per share.

Innergex Renewable Energy (OTCMKTS:INGXF) last announced its 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 net margin of 1.84% and a return on equity of 4.40%. The business had revenue of $204.46 million for the quarter, compared to analyst estimates of $266.84 million.

Separately, National Bank Financial cut Innergex Renewable Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Innergex Renewable Energy Price Performance

Shares of Innergex Renewable Energy stock opened at $9.85 on Friday. The stock has a market capitalization of $2.00 billion, a P/E ratio of 328.33 and a beta of 0.55. The business has a 50 day simple moving average of $9.53 and a two-hundred day simple moving average of $7.15. Innergex Renewable Energy has a 12 month low of $4.81 and a 12 month high of $10.03. The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56.

Innergex Renewable Energy Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a dividend of $0.0624 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a dividend yield of 2.64%. Innergex Renewable Energy’s payout ratio is currently 833.33%.

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.