Innergex Renewable Energy Inc. (TSE:INE) to Post Q1 2025 Earnings of ($0.05) Per Share, Raymond James Forecasts

Innergex Renewable Energy Inc. (TSE:INE) – Stock analysts at Raymond James issued their Q1 2025 earnings per share estimates for shares of Innergex Renewable Energy in a research note issued to investors on Thursday, April 25th. Raymond James analyst D. Quezada forecasts that the company will post earnings of ($0.05) per share for the quarter. Raymond James has a “Outperform” rating and a $13.00 price target 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.

Innergex Renewable Energy (TSE:INE) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of C$264.85 million.

Other analysts have also recently issued reports about the company. BMO Capital Markets cut their price objective on Innergex Renewable Energy from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research report on Thursday, February 22nd. National Bankshares lifted their price objective on Innergex Renewable Energy from C$15.75 to C$17.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. TD Securities cut their price objective on Innergex Renewable Energy from C$12.00 to C$10.00 and set a “buy” rating on the stock in a research report on Wednesday, February 14th. CIBC lifted their price objective on Innergex Renewable Energy from C$9.00 to C$9.50 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada cut their price objective on Innergex Renewable Energy from C$13.00 to C$11.00 and set a “sector perform” rating on the stock in a research report on Monday, February 12th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Innergex Renewable Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$12.59.

Innergex Renewable Energy Stock Down 0.4 %

Shares of TSE:INE opened at C$7.94 on Friday. Innergex Renewable Energy has a 1 year low of C$7.05 and a 1 year high of C$14.40. The company has a market cap of C$1.62 billion, a PE ratio of -15.57, a P/E/G ratio of 20.61 and a beta of 0.35. The company has a debt-to-equity ratio of 544.43, a current ratio of 0.92 and a quick ratio of 0.58. The stock’s 50-day moving average is C$8.04 and its 200 day moving average is C$8.76.

Innergex Renewable Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.53%. Innergex Renewable Energy’s dividend payout ratio is currently -70.59%.

Insider Transactions at Innergex Renewable Energy

In related news, Director Daniel Lafrance purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average cost of C$8.35 per share, with a total value of C$41,750.00. In related news, Director Daniel Lafrance purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average cost of C$8.35 per share, with a total value of C$41,750.00. Also, Director Richard Gagnon acquired 3,125 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost of C$8.13 per share, for a total transaction of C$25,408.75. Insiders have purchased a total of 22,125 shares of company stock valued at $174,975 in the last ninety days. 20.41% of the stock is currently owned by corporate insiders.

About Innergex Renewable Energy

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.