BMO Capital Markets upgraded shares of Innergex Renewable Energy (OTCMKTS:INGXF) from a market perform rating to an outperform rating in a research note published on Monday morning, The Fly reports.

Separately, ValuEngine cut Innergex Renewable Energy from a buy rating to a hold rating in a report on Wednesday, October 2nd.

OTCMKTS INGXF opened at $13.53 on Monday. Innergex Renewable Energy has a 52 week low of $8.21 and a 52 week high of $13.53. The company has a market cap of $1.81 billion, a PE ratio of 259.40 and a beta of 0.68. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.34. The firm’s 50-day simple moving average is $12.92 and its two-hundred day simple moving average is $11.97.

Innergex Renewable Energy (OTCMKTS:INGXF) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.10 earnings per share for the quarter. The business had revenue of $108.18 million for the quarter. Innergex Renewable Energy had a net margin of 4.78% and a return on equity of 1.04%.

About Innergex Renewable Energy

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.

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