Innergex Renewable Energy (OTCMKTS:INGXF) Stock Rating Lowered by National Bank Financial

National Bank Financial cut shares of Innergex Renewable Energy (OTCMKTS:INGXF) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,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 %

Shares of OTCMKTS INGXF opened at $9.39 on Tuesday. The business has a 50 day simple moving average of $5.50 and a 200 day simple moving average of $6.30. Innergex Renewable Energy has a 52 week low of $4.81 and a 52 week high of $9.42. 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 company has a debt-to-equity ratio of 4.50, a quick ratio of 0.56 and a current ratio of 0.56.

Innergex Renewable Energy (OTCMKTS:INGXF) last posted its earnings results on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $204.46 million during the quarter, compared to analysts’ expectations of $266.84 million. On average, research analysts predict that Innergex Renewable Energy will post 0.09 earnings per share for the current fiscal year.

Innergex Renewable Energy Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were given a dividend of $0.0649 per share. This represents a yield of 4.6%. The ex-dividend date was Tuesday, December 31st. Innergex Renewable Energy’s payout ratio is 800.00%.

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.