National Bank Financial Comments on Innergex Renewable Energy Inc’s FY2018 Earnings (INE)
Innergex Renewable Energy Inc (TSE:INE) – Analysts at National Bank Financial reduced their FY2018 earnings per share (EPS) estimates for shares of Innergex Renewable Energy in a report released on Wednesday, February 6th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of $0.15 for the year, down from their previous forecast of $0.16.
Other research analysts have also recently issued research reports about the company. Canaccord Genuity set a C$13.50 target price on Innergex Renewable Energy in a research note on Monday, November 19th. Raymond James cut their price objective on Innergex Renewable Energy from C$20.00 to C$17.00 and set an “outperform” rating for the company in a report on Wednesday, November 14th. Finally, BMO Capital Markets cut their price target on Innergex Renewable Energy from C$15.50 to C$13.50 in a report on Tuesday, November 6th.
Innergex Renewable Energy (TSE:INE) last issued its quarterly earnings data on Tuesday, November 13th. The company reported C$0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.04 by C$0.03. The company had revenue of C$140.77 million for the quarter, compared to analysts’ expectations of C$136.50 million.
About Innergex Renewable Energy
Innergex Renewable Energy Inc operates as an independent renewable power producer. It develops, owns, and operates run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power facilities. The company operates through four segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development.
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