Innergex Renewable Energy (INGXF) Posts Quarterly Earnings Results

Innergex Renewable Energy (OTCMKTS:INGXF) announced its earnings results on Tuesday. The company reported ($0.09) EPS for the quarter, reports. The firm had revenue of $95.09 million during the quarter. Innergex Renewable Energy had a net margin of 5.77% and a return on equity of 3.45%.

OTCMKTS INGXF traded down $0.05 during trading hours on Wednesday, reaching $10.15. 2,365 shares of the company were exchanged, compared to its average volume of 2,919. Innergex Renewable Energy has a 1 year low of $8.50 and a 1 year high of $11.19. The company has a market capitalization of $1.41 billion, a PE ratio of 70.20 and a beta of 0.74.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.133 per share. This represents a $0.53 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend was Thursday, March 28th. This is an increase from Innergex Renewable Energy’s previous quarterly dividend of $0.13.

Separately, ValuEngine downgraded shares of Innergex Renewable Energy from a “buy” rating to a “hold” rating in a report on Monday, April 15th.

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Innergex Renewable Energy Company Profile

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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Earnings History for Innergex Renewable Energy (OTCMKTS:INGXF)

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