FY2025 Earnings Forecast for TSE:INE Issued By Scotiabank

Innergex Renewable Energy Inc. (TSE:INE) – Scotiabank decreased their FY2025 earnings per share (EPS) estimates for shares of Innergex Renewable Energy in a report released on Wednesday, January 8th. Scotiabank analyst R. Hope now anticipates that the company will post earnings per share of $0.05 for the year, down from their previous forecast of $0.08. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is $0.15 per share. Scotiabank also issued estimates for Innergex Renewable Energy’s FY2026 earnings at ($0.02) EPS.

Separately, CIBC lowered their target price on shares of Innergex Renewable Energy from C$11.50 to C$11.00 in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$12.38.

Innergex Renewable Energy Stock Performance

Innergex Renewable Energy stock opened at C$7.76 on Friday. Innergex Renewable Energy has a 1-year low of C$7.05 and a 1-year high of C$10.96. The firm has a 50-day moving average of C$8.50 and a 200-day moving average of C$9.37. The company has a current ratio of 0.57, a quick ratio of 0.58 and a debt-to-equity ratio of 428.86. The firm has a market cap of C$1.57 billion, a P/E ratio of -11.94, a P/E/G ratio of 20.61 and a beta of 0.36.

Innergex Renewable Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 4.64%. Innergex Renewable Energy’s dividend payout ratio (DPR) is currently -55.38%.

About Innergex Renewable Energy

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada’s best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world.