Raymond James’ Analyst Provides Guidance for This Canadian Energy Company

In a latest note to investors, a research analyst has provided a rating update for the Innergex Renewable Energy (INEResearch Report). Raymond James’ analyst David Quezada reiterates their Buy rating on the shares today.

Quezada has an average return of 4.9% when recommending Innergex Renewable Energy.

According to TipRanks.com, Quezada is ranked #844 out of 5181 analysts.

Currently, the analyst consensus on Innergex Renewable Energy is a Moderate Buy with an average price target of C$16.50.

The company has a one-year high of C$14.75 and a one-year low of C$11.66. Currently, Innergex Renewable Energy has an average volume of 235.2K.

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.

The company’s shares closed on Wednesday at C$13.73.