▲ +11.10% 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 $26.38, with a high forecast of $32.00 and a low forecast of $23.00. The average price target represents a 11.10% upside from the last price of $23.74.
The current consensus among 6 polled investment analysts is to hold stock in Innergex Renewable Energy. This rating has held steady since July 2020, when it changed from a Buy consensus rating.
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, wind farms, and solar farms. The company operates through three segments: Hydroelectric Generation, Wind Power Generation, and Solar Power Generation. As of May 14, 2020, it had interests in 69 operating facilities with a net installed capacity of 2,656 megawatt (MW), including 37 hydroelectric facilities, 26 wind farms, and six solar farms, as well as six development projects with net installed capacity of 295 MW and prospective projects with gross installed capacity of 7,131 MW. Innergex Renewable Energy Inc. was founded in 1990 and is headquartered in Longueuil, Canada.