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

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

Several other analysts have also recently commented on INE. Scotiabank lowered their target price on shares of Innergex Renewable Energy from C$11.50 to C$10.50 in a research note on Thursday, January 30th. National Bankshares downgraded Innergex Renewable Energy from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$16.00 to C$13.75 in a research report on Wednesday. Raymond James lowered Innergex Renewable Energy from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$11.50 to C$13.75 in a research note on Wednesday. Desjardins lowered Innergex Renewable Energy from a “buy” rating to a “tender” rating and decreased their price target for the stock from C$14.50 to C$13.75 in a research note on Wednesday. Finally, CIBC dropped their price objective on shares of Innergex Renewable Energy from C$11.50 to C$11.00 in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Innergex Renewable Energy currently has a consensus rating of “Hold” and an average target price of C$11.59.

Innergex Renewable Energy Price Performance

Innergex Renewable Energy stock opened at C$13.46 on Tuesday. The firm’s 50-day moving average is C$8.00 and its two-hundred day moving average is C$8.84. The company has a debt-to-equity ratio of 620.44, a current ratio of 0.56 and a quick ratio of 0.58. 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. 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.