Innergex Renewable Energy (INE) Receives a Hold from CIBC


Innergex Renewable Energy (INE) has received a rating update from a Wall Street analyst today. The Utilities company, Innergex Renewable Energy (TSX: INE) has just received a rating update from a Wall Street analyst.

According to TipRanks.com, Jarvi is a 3-star analyst with an average return of 1.9% and a 60.0% success rate. Jarvi covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities Corp, Just Energy Group Inc, and Northland Power Inc.

Innergex Renewable Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$16.00.

Innergex Renewable Energy’s market cap is currently C$2.24B and has a P/E ratio of 644.88. The company has a Price to Book ratio of 4.62.

Innergex Renewable Energy, Inc. engages in the development, acquisition, and operations of run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power generation plants. It operates through the following segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development.

The company’s shares closed last Wednesday at C$16.42, close to its 52-week high of C$16.50.

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