Innio (NASDAQ:INIO) Trading Down 10% – What’s Next?

Innio N.V. (NASDAQ:INIO)’s stock price was down 10% on Tuesday . The company traded as low as $33.12 and last traded at $32.5390. Approximately 946,476 shares were traded during mid-day trading, a decline of 81% from the average session volume of 5,062,714 shares. The stock had previously closed at $36.17.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. UBS Group began coverage on shares of Innio in a research note on Monday, June 29th. They set a “buy” rating and a $47.00 price objective on the stock. Citigroup began coverage on Innio in a report on Monday, June 29th. They issued a “neutral” rating and a $42.00 price target for the company. Royal Bank Of Canada started coverage on Innio in a report on Monday, June 29th. They set a “sector perform” rating and a $39.00 price objective on the stock. BNP Paribas Exane began coverage on Innio in a research note on Monday, June 29th. They issued an “outperform” rating and a $48.00 target price for the company. Finally, JPMorgan Chase & Co. assumed coverage on Innio in a research report on Monday, June 29th. They set an “overweight” rating and a $44.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Innio currently has an average rating of “Moderate Buy” and a consensus target price of $44.60.

Innio Price Performance

Innio Company Profile

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.