Innergex Renewable Energy (OTCMKTS:INGXF) Downgraded to Hold Rating by Raymond James

Raymond James downgraded shares of Innergex Renewable Energy (OTCMKTS:INGXF) from a moderate buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports. Raymond James also issued estimates for Innergex Renewable Energy’s Q2 2025 earnings at $0.04 EPS and Q3 2025 earnings at ($0.01) EPS.

Separately, National Bank Financial cut shares of Innergex Renewable Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday.

Innergex Renewable Energy Stock Down 0.3 %

Shares of INGXF opened at $9.39 on Tuesday. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 313.00 and a beta of 0.65. 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 business’s fifty day moving average price is $5.50 and its two-hundred day moving average price is $6.30.

Innergex Renewable Energy (OTCMKTS:INGXF) last posted its quarterly earnings results 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. The business had revenue of $204.46 million for the quarter, compared to analysts’ expectations of $266.84 million. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. On average, analysts predict that Innergex Renewable Energy will post 0.09 earnings per share for the current year.

Innergex Renewable Energy Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were paid a $0.0649 dividend. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, December 31st. Innergex Renewable Energy’s dividend payout ratio (DPR) is currently 800.00%.

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.