Innergex Renewable Energy Inc. Price & Performance (INGXF)

Innergex Renewable Energy shareholders have overwhelmingly approved the company’s acquisition by CDPQ at $13.75 per share. The deal, expected to close by late 2025, follows strong Q1 results, including a 7% rise in adjusted EBITDA and the launch of a major solar facility in Hawaii.123

Innergex’s stock price recently climbed above its 200-day moving average, trading as high as C$13.64. Despite this technical milestone, analysts remain cautious, with the majority rating the stock as 'hold' and consensus price targets averaging C$11.59, reflecting moderate expectations for future growth.45

Innergex reported a first-quarter net loss of CAD 11.95 million, a significant improvement from last year’s CAD 41.43 million loss. While revenues rose to CAD 271.49 million, they missed analyst estimates. The company’s ongoing project developments and acquisition plans continue to shape investor sentiment.236