Innergex Renewable Energy (OTCMKTS:INGXF) Downgraded by National Bank Financial to “Hold”

Innergex Renewable Energy (OTCMKTS:INGXF) was downgraded by equities researchers at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research note issued 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 Trading Down 0.3 %

OTCMKTS:INGXF opened at $9.39 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. Innergex Renewable Energy has a twelve month low of $4.81 and a twelve month high of $9.42. The company has a market cap of $1.91 billion, a P/E ratio of 313.00 and a beta of 0.65. The business has a 50 day moving average price of $5.50 and a two-hundred day moving average price of $6.30.

Innergex Renewable Energy (OTCMKTS:INGXF) last announced its earnings results on Thursday, February 20th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.22. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%. The business had revenue of $204.46 million during the quarter, compared to analysts’ expectations of $266.84 million. As a group, analysts expect that Innergex Renewable Energy will post 0.09 EPS for the current fiscal 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.