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.

Shares of Innergex Renewable Energy stock opened at C$14.49 on Monday. The company has a debt-to-equity ratio of 406.98, a quick ratio of 0.58 and a current ratio of 0.80. Innergex Renewable Energy has a 12 month low of C$11.66 and a 12 month high of C$14.75. The stock has a market cap of $1.96 billion and a PE ratio of 97.91.

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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