Innergex Renewable Energy (OTCMKTS:INGXF) Stock Rating Lowered by Raymond James

Innergex Renewable Energy (OTCMKTS:INGXF) was downgraded by Raymond James from a “moderate buy” rating to a “hold” rating in a 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 downgraded Innergex Renewable Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday.

Innergex Renewable Energy Stock Performance

Innergex Renewable Energy stock opened at $9.39 on Tuesday. The business has a 50 day moving average of $5.50 and a 200-day moving average of $6.30. The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56. Innergex Renewable Energy has a 1 year low of $4.81 and a 1 year high of $9.42. The company has a market capitalization of $1.91 billion, a P/E ratio of 313.00 and a beta of 0.65.

Innergex Renewable Energy (OTCMKTS:INGXF) last released 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 firm had revenue of $204.46 million during the quarter, compared to the consensus estimate of $266.84 million. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%. On average, equities research analysts predict that Innergex Renewable Energy will post 0.09 earnings per share for the current 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.