National Bank Financial Downgrades Innergex Renewable Energy (OTCMKTS:INGXF) to Hold

Innergex Renewable Energy (OTCMKTS:INGXF) was downgraded by equities research analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports. National Bank Financial also issued estimates for Innergex Renewable Energy’s Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.04 EPS and Q4 2025 earnings at $0.03 EPS.

Innergex Renewable Energy Stock Down 0.3 %

Shares of INGXF stock opened at $9.39 on Tuesday. Innergex Renewable Energy has a 52-week low of $4.81 and a 52-week high of $9.42. The company has a debt-to-equity ratio of 4.50, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 313.00 and a beta of 0.65. The firm’s 50-day moving average is $5.50 and its 200-day moving average is $6.30.

Innergex Renewable Energy (OTCMKTS:INGXF) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.22. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. The firm had revenue of $204.46 million for the quarter, compared to analyst estimates of $266.84 million. Sell-side analysts predict that Innergex Renewable Energy will post 0.09 EPS for the current year.

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.