Innergex Renewable Energy FY2025 Earnings Forecast by Scotiabank

Innergex Renewable Energy Inc. (TSE:INE - Free Report) - Scotiabank has reduced its earnings per share (EPS) estimates for Innergex Renewable Energy for FY2025. In a report made public on Wednesday, January 8th, analyst R. Hope now expects the company to achieve earnings of $0.05 per share, a decrease from the earlier estimate of $0.08. Currently, the consensus for Innergex Renewable Energy's earnings for the full year stands at $0.15 per share. Scotiabank further projected Innergex Renewable Energy's earnings for FY2026 to be at ($0.02) EPS.

Additionally, CIBC has also adjusted its target price for Innergex Renewable Energy, lowering it from C$11.50 to C$11.00 in a research note dated Thursday, November 7th. According to industry analysis, five analysts have rated the stock as a hold, while another five have given it a buy rating. Data from MarketBeat.com indicates that there is a consensus rating of "Moderate Buy" for the stock, with an average target price set at C$12.38.

Innergex Renewable Energy Stock Overview

As of Friday, Innergex Renewable Energy's stock opened at C$7.76. The company has experienced a 1-year low of C$7.05 and a 1-year high of C$10.96. The stock has a 50-day moving average of C$8.50 alongside a 200-day moving average of C$9.37. Key financial ratios include a current ratio of 0.57, a quick ratio of 0.58, and an exceptionally high debt-to-equity ratio of 428.86. The firm's market capitalization is C$1.57 billion, with a P/E ratio of -11.94 and a P/E/G ratio of 20.61. Additionally, the stock carries a beta of 0.36.

Dividend Announcement

In a recent announcement, Innergex Renewable Energy stated that a quarterly dividend will be paid on Wednesday, January 15th, to investors who are on record as of Tuesday, December 31st. A dividend of $0.09 per share will be distributed, with the ex-dividend date also set for December 31st. This indicates an annualized dividend of $0.36, resulting in a yield of 4.64%. The company's current dividend payout ratio (DPR) is reported at -55.38%.

About Innergex Renewable Energy

For over three decades, Innergex has championed a vision of abundant renewable energy fostering healthier communities and shared prosperity. This commitment led to Innergex being recognized as one of Canada’s best corporate citizens in 2023 by Corporate Knights. As a producer of renewable power, Innergex focuses on developing, acquiring, owning, and operating hydroelectric facilities, wind farms, solar farms, and energy storage facilities. The company's belief is that utilizing renewable sources for power generation can pave the way for a brighter future.

Innergex, Renewable, Earnings