Innergex Renewable Energy Inc. to Post Q1 2022 Earnings of $0.00 Per Share, National Bank Financial Forecasts (TSE:INE)

Innergex Renewable Energy Inc. (TSE:INEGet Rating) – Stock analysts at National Bank Financial issued their Q1 2022 earnings per share estimates for shares of Innergex Renewable Energy in a report released on Monday, May 2nd. National Bank Financial analyst R. Merer anticipates that the company will earn $0.00 per share for the quarter. National Bank Financial also issued estimates for Innergex Renewable Energy’s Q2 2022 earnings at $0.18 EPS, Q3 2022 earnings at $0.20 EPS, FY2022 earnings at $0.50 EPS and FY2023 earnings at $0.56 EPS.

Innergex Renewable Energy (TSE:INEGet Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The company reported C($0.06) earnings per share for the quarter. The company had revenue of C$202.39 million during the quarter.

Several other equities research analysts have also commented on the company. CSFB boosted their price objective on Innergex Renewable Energy from C$24.00 to C$25.00 in a research note on Wednesday, April 20th. CIBC cut their price objective on Innergex Renewable Energy from C$22.50 to C$21.00 in a research note on Tuesday, January 11th. TD Securities lowered Innergex Renewable Energy from a “buy” rating to a “hold” rating and set a C$21.00 price objective for the company. in a research note on Monday, April 4th. Raymond James dropped their price target on Innergex Renewable Energy from C$26.75 to C$24.00 and set an “outperform” rating for the company in a research report on Thursday, February 24th. Finally, Scotiabank dropped their price target on Innergex Renewable Energy from C$26.50 to C$20.25 in a research report on Thursday, January 27th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$23.66.

Shares of Innergex Renewable Energy stock opened at C$17.15 on Thursday. Innergex Renewable Energy has a twelve month low of C$16.57 and a twelve month high of C$23.09. The business has a 50-day moving average price of C$18.87 and a 200 day moving average price of C$18.75. The company has a quick ratio of 0.38, a current ratio of 0.53 and a debt-to-equity ratio of 373.46. The firm has a market cap of C$3.50 billion and a PE ratio of -15.71.

About Innergex Renewable Energy (Get Rating)

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 hydroelectric facilities, and wind and solar farms, as well as energy storage facilities. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.

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