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

National Bank Financial cut shares of Innergex Renewable Energy (TSE:INE) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,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.

INE has been the subject of a number of other reports. National Bankshares cut shares of Innergex Renewable Energy from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$16.00 to C$13.75 in a report on Wednesday. Desjardins downgraded Innergex Renewable Energy from a “buy” rating to a “tender” rating and cut their price target for the company from C$14.50 to C$13.75 in a research note on Wednesday. TD Securities boosted their price objective on 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. Cormark dropped their target price on Innergex Renewable Energy from C$10.00 to C$9.50 in a report on Thursday, January 30th. Finally, CIBC decreased their price target on Innergex Renewable Energy from C$11.50 to C$11.00 in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$11.59.

Innergex Renewable Energy Stock Performance

TSE INE opened at C$13.46 on Tuesday. The company has a market cap of C$2.76 billion, a P/E ratio of -21.59, a PEG ratio of 20.61 and a beta of 0.36. The company has a fifty day simple moving average of C$8.00 and a 200 day simple moving average of C$8.84. The company has a current ratio of 0.56, a quick ratio of 0.58 and a debt-to-equity ratio of 620.44. Innergex Renewable Energy has a 12-month low of C$6.98 and a 12-month high of C$13.53.

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.