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Innergex Renewable Energy - INE Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$19.65
  • Forecasted Upside: 33.86%
  • Number of Analysts: 6
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
C$14.68 As of 03/31/2023 01:00 AM ET
▼ -0.07 (-0.47%)

This chart shows the closing price for INE by one month, three months, or twelve months.

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Analyst Price Target for INE

Analyst Price Target is C$19.65
▲ +33.86% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Innergex Renewable Energy in the last 3 months. The average price target is C$19.65, with a high forecast of C$24.00 and a low forecast of C$17.00. The average price target represents a 33.86% upside from the last price of C$14.68.

This chart shows the closing price for INE for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 6 investment analysts is to buy stock in Innergex Renewable Energy. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
10/8/2021
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/6/2022
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
4/6/2022
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
7/5/2022
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
10/3/2022
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
1/1/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
3/2/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
4/1/2023

Latest Recommendations

  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
3/7/2023National BanksharesLower TargetOutperformC$23.00 ➝ C$20.00
2/24/2023TD SecuritiesLower TargetBuyC$19.50 ➝ C$17.50
2/24/2023Royal Bank of CanadaLower TargetSector PerformC$19.00 ➝ C$17.00
2/24/2023CIBCLower TargetNeutralC$20.00 ➝ C$19.00
1/24/2023CormarkLower TargetC$20.00 ➝ C$19.00
1/19/2023BMO Capital MarketsLower TargetC$19.00 ➝ C$18.00
1/10/2023CIBCDowngradeOutperform ➝ Neutral
11/21/2022CSFBBoost TargetC$21.50 ➝ C$22.00
11/21/2022Credit Suisse GroupBoost TargetOutperformC$22.00
11/9/2022TD SecuritiesUpgradeHold ➝ BuyC$19.50
11/9/2022Royal Bank of CanadaLower TargetSector PerformC$21.00 ➝ C$19.00
11/8/2022BMO Capital MarketsLower TargetC$21.00 ➝ C$19.00
10/25/2022CSFBLower TargetC$27.50 ➝ C$21.50
10/25/2022Credit Suisse GroupLower TargetOutperformC$21.50
10/20/2022ScotiabankLower TargetC$21.50 ➝ C$18.00
10/18/2022CIBCLower TargetC$23.00 ➝ C$20.00
10/17/2022National BanksharesSet TargetOutperformC$23.00
10/7/2022National BanksharesLower TargetC$25.00 ➝ C$23.00
9/29/2022ScotiabankBoost TargetC$21.00 ➝ C$21.50
9/21/2022National BanksharesBoost TargetOutperformC$24.00 ➝ C$25.00
9/16/2022CIBCBoost TargetC$22.00 ➝ C$23.00
8/24/2022CSFBBoost TargetC$24.00 ➝ C$27.50
8/24/2022Credit Suisse GroupBoost TargetC$27.50
8/5/2022TD SecuritiesDowngradeBuy ➝ HoldC$19.00 ➝ C$21.00
8/5/2022CormarkBoost TargetC$21.00 ➝ C$23.00
7/28/2022National BanksharesBoost TargetOutperformC$23.00 ➝ C$24.00
7/25/2022Credit Suisse GroupLower TargetOutperformC$25.00 ➝ C$24.00
7/21/2022CIBCBoost TargetC$21.00 ➝ C$22.00
5/12/2022TD SecuritiesUpgradeHold ➝ BuyC$21.00 ➝ C$19.00
5/12/2022Raymond JamesSet TargetOutperformC$24.00
4/20/2022Credit Suisse GroupBoost TargetOutperformC$24.00 ➝ C$25.00
4/20/2022CSFBBoost TargetC$24.00 ➝ C$25.00
4/4/2022TD SecuritiesDowngradeBuy ➝ HoldC$21.00
2/24/2022Raymond JamesLower TargetOutperformC$26.75 ➝ C$24.00
1/31/2022CSFBSet TargetOutperformC$29.00
1/31/2022Credit Suisse GroupReiterated RatingOutperformC$29.00
1/27/2022ScotiabankLower TargetC$26.50 ➝ C$20.25
1/11/2022CIBCLower TargetC$22.50 ➝ C$21.00
11/12/2021DesjardinsLower TargetOutperformC$23.00 ➝ C$21.00
11/12/2021Royal Bank of CanadaLower TargetSector PerformC$24.00 ➝ C$23.00
11/12/2021Raymond JamesSet TargetOutperformC$26.75
11/12/2021TD SecuritiesLower TargetBuyC$24.00 ➝ C$23.00
11/12/2021CIBCLower TargetNeutralC$23.00 ➝ C$22.50
10/25/2021Raymond JamesSet TargetOutperformC$26.75
9/17/2021National Bank FinancialReiterated RatingOutperform
9/17/2021National BanksharesBoost TargetOutperformC$27.00 ➝ C$28.00
9/17/2021CSFBSet TargetOutperformC$26.00
9/16/2021Credit Suisse GroupReiterated RatingBuyC$26.00
9/16/2021Raymond JamesBoost TargetOutperformC$26.75
9/16/2021National Bank FinancialBoost TargetNAC$28.00
9/16/2021CIBCReiterated RatingNeutralC$23.00
9/16/2021Royal Bank of CanadaReiterated RatingHoldC$24.00
9/7/2021National Bank FinancialReiterated RatingOutperformC$27.00
9/7/2021National BanksharesSet TargetOutperformC$27.00
9/7/2021TD SecuritiesUpgradeHold ➝ BuyC$23.00 ➝ C$24.00
9/7/2021BMO Capital MarketsBoost TargetOutperformC$23.00 ➝ C$24.00
9/7/2021ScotiabankBoost TargetC$23.50 ➝ C$26.50
9/7/2021Royal Bank of CanadaUpgradeHoldC$24.00
8/18/2021Credit Suisse GroupReiterated RatingOutperformC$26.00
8/18/2021CSFBSet TargetOutperformC$26.00
8/5/2021National Bank FinancialBoost TargetOutperformC$27.00
8/5/2021Raymond JamesReiterated RatingOutperformC$26.75
8/5/2021National BanksharesBoost TargetOutperformC$26.00 ➝ C$27.00
8/4/2021Royal Bank of CanadaReiterated RatingSector PerformC$24.00
7/28/2021Raymond JamesLower TargetOutperformC$26.75
7/5/2021CIBCLower TargetNeutralC$23.00
7/2/2021ScotiabankBoost TargetC$23.00 ➝ C$23.50
5/25/2021CSFBLower TargetC$30.00 ➝ C$26.00
5/25/2021Credit Suisse GroupLower TargetNeutralC$26.00
5/13/2021National Bank FinancialLower TargetOutperformC$26.00
5/13/2021TD SecuritiesLower TargetHoldC$28.00 ➝ C$23.00
5/13/2021National BanksharesLower TargetOutperformC$28.00 ➝ C$26.00
5/13/2021CIBCLower TargetC$25.00 ➝ C$23.00
5/13/2021Royal Bank of CanadaLower TargetSector PerformC$29.00 ➝ C$24.00
5/12/2021Raymond JamesReiterated RatingOutperformC$28.00
5/12/2021BMO Capital MarketsLower TargetOutperformC$27.00 ➝ C$25.00
5/12/2021ScotiabankLower TargetC$26.00 ➝ C$23.00
5/12/2021CIBCReiterated RatingNeutralC$25.00
4/28/2021Raymond JamesLower TargetOutperformC$32.00 ➝ C$28.00
3/15/2021CIBCLower TargetNAC$27.00 ➝ C$25.00
3/4/2021ScotiabankLower TargetC$32.00 ➝ C$26.00
3/1/2021Raymond JamesLower TargetOutperformC$37.00 ➝ C$32.00
3/1/2021TD SecuritiesLower TargetHoldC$32.00 ➝ C$28.00
3/1/2021Royal Bank of CanadaLower TargetSector PerformC$35.00 ➝ C$29.00
3/1/2021CIBCLower TargetC$32.00 ➝ C$27.00
2/26/2021National Bank FinancialReiterated RatingSector PerformC$32.00 ➝ C$28.00
1/27/2021Raymond JamesBoost TargetOutperformC$28.00 ➝ C$37.00
1/21/2021Credit Suisse GroupInitiated CoverageNeutralC$32.00
1/13/2021CIBCBoost TargetC$26.00 ➝ C$32.00
11/12/2020Royal Bank of CanadaBoost TargetSector PerformC$23.00 ➝ C$25.00
11/12/2020CIBCLower TargetC$26.50 ➝ C$26.00
11/11/2020Raymond JamesSet TargetOutperformC$28.00
11/1/2020National Bank FinancialBoost TargetOutperformC$24.50 ➝ C$27.00
10/28/2020Raymond JamesBoost TargetOutperformC$25.00 ➝ C$28.00
10/26/2020National Bank FinancialBoost TargetOutperformC$24.50 ➝ C$27.00
10/16/2020ScotiabankBoost TargetC$23.00 ➝ C$25.25
10/15/2020CIBCBoost TargetC$23.00 ➝ C$26.50
8/6/2020TD SecuritiesBoost TargetHoldC$23.00 ➝ C$25.00
8/6/2020CIBCBoost TargetC$22.50 ➝ C$23.00
8/6/2020Royal Bank of CanadaBoost TargetSector PerformC$22.00 ➝ C$23.00
8/5/2020Raymond JamesDowngradeStrong-Buy ➝ OutperformC$25.00
8/5/2020BMO Capital MarketsBoost TargetC$21.00 ➝ C$23.00
8/5/2020ScotiabankBoost TargetC$22.50 ➝ C$23.00
7/29/2020Raymond JamesBoost TargetStrong-BuyC$23.00 ➝ C$25.00
7/22/2020National Bank FinancialBoost TargetOutperformC$22.50 ➝ C$24.50
7/21/2020CIBCBoost TargetC$20.50 ➝ C$22.50
7/16/2020Raymond JamesBoost TargetStrong-BuyC$22.00 ➝ C$23.00
7/16/2020ScotiabankBoost TargetC$21.25 ➝ C$22.50
7/16/2020BMO Capital MarketsBoost TargetC$19.50 ➝ C$21.00
6/4/2020National Bank FinancialBoost TargetOutperformC$21.50 ➝ C$22.50
5/25/2020Raymond JamesSet TargetStrong-BuyC$22.00
5/17/2020ScotiabankBoost TargetC$20.00 ➝ C$20.50
4/30/2020National Bank FinancialBoost TargetOutperformC$19.50 ➝ C$21.50
3/25/2020Raymond JamesUpgradeOutperform ➝ Strong-BuyC$22.00
3/20/2020CIBCLower TargetC$21.00 ➝ C$19.00
3/13/2020National Bank FinancialLower TargetOutperformC$22.50 ➝ C$19.50
3/2/2020CIBCBoost TargetC$20.00 ➝ C$21.00
3/2/2020BMO Capital MarketsBoost TargetC$20.00 ➝ C$22.00
2/28/2020Raymond JamesBoost TargetOutperformC$20.00 ➝ C$22.00
2/13/2020National Bank FinancialBoost TargetOutperformC$21.00 ➝ C$22.50
2/10/2020Royal Bank of CanadaBoost TargetSector PerformC$17.00 ➝ C$22.00
2/7/2020CIBCBoost TargetC$18.00 ➝ C$20.00
2/7/2020TD SecuritiesBoost TargetHoldC$18.00 ➝ C$22.00
2/6/2020National Bank FinancialBoost TargetOutperformC$20.00 ➝ C$21.00
1/30/2020CIBCBoost TargetC$17.00 ➝ C$18.00
1/27/2020National Bank FinancialBoost TargetOutperformC$18.50 ➝ C$20.00
1/15/2020CIBCBoost TargetC$16.50 ➝ C$17.00
1/13/2020BMO Capital MarketsUpgradeMarket Perform ➝ OutperformC$17.00 ➝ C$20.00
11/14/2019Raymond JamesReiterated RatingOutperformC$17.50
11/13/2019TD SecuritiesLower TargetHoldC$17.50 ➝ C$17.00
11/13/2019CIBCBoost TargetC$16.00 ➝ C$16.50
11/13/2019Royal Bank of CanadaBoost TargetSector PerformC$16.00 ➝ C$17.00
10/23/2019CIBCBoost TargetC$15.50 ➝ C$16.00
9/30/2019National Bank FinancialSet TargetOutperformC$18.50
9/6/2019National Bank FinancialReiterated RatingOutperformC$18.50
8/14/2019Raymond JamesReiterated RatingOutperformC$17.50
7/26/2019Raymond JamesBoost TargetC$17.00 ➝ C$17.50
6/26/2019BMO Capital MarketsBoost TargetC$15.00 ➝ C$16.00
5/16/2019TD SecuritiesLower TargetHoldC$16.00 ➝ C$15.50
5/15/2019Raymond JamesSet TargetOutperformC$17.00
4/24/2019DesjardinsReiterated RatingHold ➝ AverageC$15.50
4/16/2019Raymond JamesReiterated RatingOutperformC$17.00
3/26/2019Raymond JamesSet TargetOutperformC$17.00
3/1/2019Raymond JamesReiterated RatingOutperformC$17.00
3/1/2019TD SecuritiesDowngradeBuy ➝ HoldC$15.00 ➝ C$16.00
2/19/2019National Bank FinancialBoost TargetOutperformC$17.50 ➝ C$18.50
2/13/2019BMO Capital MarketsBoost TargetMarket PerformC$13.50 ➝ C$15.00
11/14/2018Raymond JamesLower TargetOutperformC$20.00 ➝ C$17.00
11/6/2018BMO Capital MarketsLower TargetC$15.50 ➝ C$13.50
10/9/2018Industrial Alliance SecuritiesLower TargetC$18.00 ➝ C$16.00
10/5/2018National Bank FinancialLower TargetC$18.50 ➝ C$17.50
8/8/2018TD SecuritiesBoost TargetBuyC$15.50 ➝ C$16.00
8/3/2018Raymond JamesLower TargetOutperformC$29.00 ➝ C$20.00
7/27/2018National Bank FinancialLower TargetOutperformC$19.00 ➝ C$18.50
7/5/2018National Bank FinancialBoost TargetOutperformC$18.00 ➝ C$19.00
6/15/2018TD SecuritiesUpgradeHold ➝ BuyC$15.50
5/17/2018DesjardinsBoost TargetC$15.25 ➝ C$15.50
5/8/2018TD SecuritiesBoost TargetHoldC$15.00
(Data available from 4/1/2018 forward)

News Sentiment Rating

0.93 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 7 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/3/2022
  • 4 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/3/2022
  • 4 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/2/2022
  • 5 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/2/2022
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/1/2023
  • 3 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/31/2023
  • 4 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/2/2023
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/1/2023

Current Sentiment

  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Innergex Renewable Energy logo
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 hydroelectric facilities, and wind and solar farms, as well as energy storage facilities. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation. As of February 23, 2022, it owned and operated 80 facilities with a net installed capacity of 3,101 megawatts, which included 40 hydroelectric facilities, 33 watersheds, 32 wind farms, and 8 solar farms; and had interests in under development and prospective projects at various stages of development. Innergex Renewable Energy Inc. was founded in 1990 and is headquartered in Longueuil, Canada.
Read More

Today's Range

Now: C$14.68
Low: C$14.61
High: C$14.89

50 Day Range

MA: C$15.12
Low: C$13.85
High: C$16.28

52 Week Range

Now: C$14.68
Low: C$13.53
High: C$20.45

Volume

620,485 shs

Average Volume

463,014 shs

Market Capitalization

C$3.00 billion

P/E Ratio

N/A

Dividend Yield

4.99%

Beta

0.36

Frequently Asked Questions

What sell-side analysts currently cover shares of Innergex Renewable Energy?

The following Wall Street research analysts have issued reports on Innergex Renewable Energy in the last twelve months: BMO Capital Markets, CIBC, Cormark, Credit Suisse Group AG, CSFB, National Bankshares, Inc., Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities.
View the latest analyst ratings for INE.

What is the current price target for Innergex Renewable Energy?

10 Wall Street analysts have set twelve-month price targets for Innergex Renewable Energy in the last year. Their average twelve-month price target is C$19.65, suggesting a possible upside of 33.9%. Raymond James has the highest price target set, predicting INE will reach C$24.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of C$17.00 for Innergex Renewable Energy in the next year.
View the latest price targets for INE.

What is the current consensus analyst rating for Innergex Renewable Energy?

Innergex Renewable Energy currently has 2 hold ratings and 4 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe INE will outperform the market and that investors should add to their positions of Innergex Renewable Energy.
View the latest ratings for INE.

What other companies compete with Innergex Renewable Energy?

Other companies that are similar to Innergex Renewable Energy include TransAlta, TransAlta Renewables, Boralex, Algonquin Power & Utilities and Northland Power. Learn More about companies similar to Innergex Renewable Energy.

How do I contact Innergex Renewable Energy's investor relations team?

Innergex Renewable Energy's physical mailing address is East Tower 1111 Saint-Charles St W Suite 1255, LONGUEUIL, QC J4K 5G4, Canada. The company's listed phone number is +1-450-9282550. The official website for Innergex Renewable Energy is www.innergex.com. Learn More about contacing Innergex Renewable Energy investor relations.