Innergex Renewable Energy (TSE:INE) Lowered to “Hold” Rating by National Bank Financial

Innergex Renewable Energy (TSE:INE) was downgraded by National Bank Financial from a “strong-buy” rating to a “hold” rating in a research report issued 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.

Other research analysts have also recently issued reports about the stock. TD Securities increased their price target on shares of Innergex Renewable Energy from C$8.00 to C$9.00 and gave the stock a “hold” rating in a report on Friday, February 21st. CIBC dropped their target price on Innergex Renewable Energy from C$11.50 to C$11.00 in a research report on Thursday, November 7th. Scotiabank reduced their price target on Innergex Renewable Energy from C$11.50 to C$10.50 in a report on Thursday, January 30th. Cormark dropped their price objective on Innergex Renewable Energy from C$10.00 to C$9.50 in a report on Thursday, January 30th. Finally, Raymond James downgraded Innergex Renewable Energy from an “outperform” rating to a “market perform” rating and raised their target price for the company from C$11.50 to C$13.75 in a report on Wednesday. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Innergex Renewable Energy currently has a consensus rating of “Hold” and an average price target of C$11.59.

Innergex Renewable Energy Stock Performance

Shares of INE opened at C$13.46 on Tuesday. The stock has a market capitalization of C$2.76 billion, a P/E ratio of -21.59, a P/E/G ratio of 20.61 and a beta of 0.36. The company has a debt-to-equity ratio of 620.44, a quick ratio of 0.58 and a current ratio of 0.56. Innergex Renewable Energy has a 1 year low of C$6.98 and a 1 year high of C$13.53. The company’s fifty day moving average is C$8.00 and its two-hundred day moving average is C$8.84.

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.