Innio (NASDAQ:INIO) Stock Price Up 11.6% – What’s Next?

Shares of Innio N.V. (NASDAQ:INIO) shot up 11.6% during trading on Tuesday . The stock traded as high as $30.68 and last traded at $30.6430. 2,252,515 shares were traded during trading, a decline of 55% from the average session volume of 5,018,710 shares. The stock had previously closed at $27.47.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Zacks Research upgraded Innio to a “hold” rating in a research note on Tuesday, June 30th. Bank of America began coverage on Innio in a research report on Monday, June 29th. They set a “buy” rating and a $46.00 target price for the company. Royal Bank Of Canada started coverage on shares of Innio in a research report on Monday, June 29th. They set a “sector perform” rating and a $39.00 target price on the stock. Wall Street Zen upgraded Innio to a “hold” rating in a report on Saturday, June 13th. Finally, Robert W. Baird assumed coverage on shares of Innio in a research note on Monday, June 29th. They set an “outperform” rating and a $50.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.60.

Innio Stock Performance

About Innio

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.