Innio N.V.’s Quiet Period To Expire on July 14th (NASDAQ:INIO)

Innio’s (NASDAQ:INIO) quiet period will expire on Tuesday, July 14th. Innio had issued 90,000,000 shares in its initial public offering on June 4th. The total size of the offering was $2,430,000,000 based on an initial share price of $27.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on INIO shares. Citigroup began coverage on Innio in a research report on Monday, June 29th. They set a “neutral” rating and a $42.00 price target on the stock. BNP Paribas Exane initiated coverage on Innio in a research report on Monday, June 29th. They set an “outperform” rating and a $48.00 target price for the company. Zacks Research raised Innio to a “hold” rating in a report on Tuesday, June 30th. Morgan Stanley initiated coverage on Innio in a research note on Monday, June 29th. They issued an “overweight” rating and a $47.00 price target for the company. Finally, Bank of America assumed coverage on shares of Innio in a research report on Monday, June 29th. They set a “buy” rating and a $46.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.60.

Innio Price Performance

Innio stock opened at $36.17 on Tuesday. Innio has a 52 week low of $30.30 and a 52 week high of $42.95.

Innio Company Profile

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.