Equities Analysts Offer Predictions for Innergex Renewable Energy Inc.’s Q1 2025 Earnings (TSE:INE)

Innergex Renewable Energy Inc. (TSE:INE) – Raymond James issued their Q1 2025 earnings per share (EPS) estimates for Innergex Renewable Energy in a research report issued on Thursday, April 25th. Raymond James analyst D. Quezada expects that the company will post earnings per share of ($0.05) for the quarter. Raymond James currently has a “Outperform” rating and a $13.00 target price on the stock. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is $0.08 per share. Raymond James also issued estimates for Innergex Renewable Energy’s Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.06 EPS and Q4 2025 earnings at $0.05 EPS.

Several other analysts have also recently weighed in on INE. Desjardins dropped their price target on Innergex Renewable Energy from C$14.50 to C$14.00 and set a “buy” rating for the company in a report on Friday, February 23rd. BMO Capital Markets dropped their price target on Innergex Renewable Energy from C$10.00 to C$9.00 and set an “outperform” rating for the company in a report on Thursday, February 22nd. National Bankshares lifted their price target on Innergex Renewable Energy from C$15.75 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. TD Securities dropped their price target on Innergex Renewable Energy from C$12.00 to C$10.00 and set a “buy” rating for the company in a report on Wednesday, February 14th. Finally, Royal Bank of Canada dropped their price target on Innergex Renewable Energy from C$13.00 to C$11.00 and set a “sector perform” rating for the company in a report on Monday, February 12th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$12.59.

Innergex Renewable Energy Stock Performance

INE opened at C$7.94 on Friday. The stock has a market cap of C$1.62 billion, a price-to-earnings ratio of -15.57, a PEG ratio of 20.61 and a beta of 0.35. The business has a 50 day moving average of C$8.04 and a 200-day moving average of C$8.76. The company has a quick ratio of 0.58, a current ratio of 0.92 and a debt-to-equity ratio of 544.43. Innergex Renewable Energy has a 12-month low of C$7.05 and a 12-month high of C$14.40.

Innergex Renewable Energy (TSE:INE) last released its quarterly earnings data on Wednesday, February 21st. The company reported C($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.01. Innergex Renewable Energy had a negative return on equity of 7.86% and a negative net margin of 9.45%. The company had revenue of C$261.53 million during the quarter, compared to analysts’ expectations of C$264.85 million.

Insiders Place Their Bets

In related news, Senior Officer Jean Trudel acquired 13,000 shares of the stock in a transaction on Monday, February 26th. The shares were purchased at an average price of C$7.68 per share, for a total transaction of C$99,840.00. In other Innergex Renewable Energy news, Senior Officer Jean Trudel purchased 13,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were bought at an average price of C$7.68 per share, for a total transaction of C$99,840.00. Also, Director Daniel Lafrance purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of C$8.35 per share, for a total transaction of C$41,750.00. Insiders have purchased a total of 22,125 shares of company stock worth $174,975 in the last 90 days. Company insiders own 20.41% of the company’s stock.

Innergex Renewable Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a yield of 4.53%. Innergex Renewable Energy’s dividend payout ratio (DPR) is presently -70.59%.

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.