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Innergex Renewable Energy ( (TSE:INE) ) has provided an announcement.
Innergex Renewable Energy Inc. has received all necessary regulatory approvals for its acquisition by La Caisse, expected to close around July 21, 2025. The company will terminate its dividend reinvestment plan in connection with this arrangement. The acquisition, approved by shareholders and the Superior Court of Québec, is anticipated to impact Innergex’s operations by potentially enhancing its market positioning and providing benefits to shareholders.
The most recent analyst rating on (TSE:INE) stock is a Hold with a C$11.00 price target. To see the full list of analyst forecasts on Innergex Renewable Energy stock, see the TSE:INE Stock Forecast page.
Spark’s Take on TSE:INE Stock
According to Spark, TipRanks’ AI Analyst, TSE:INE is a Neutral.
Innergex Renewable Energy’s stock is positively impacted by recent corporate events, including a major acquisition, which suggests a strong future outlook. Technical indicators show bullish momentum, yet high P/E ratio suggests potential overvaluation, balancing the overall score.
To see Spark’s full report on TSE:INE stock, click here.
More about Innergex Renewable Energy
Innergex Renewable Energy Inc. is an independent renewable power producer that develops, acquires, owns, and operates hydroelectric facilities, wind farms, solar farms, and energy storage facilities. The company operates in Canada, the United States, France, and Chile, managing a large portfolio of high-quality assets, including 92 operating facilities with a net installed capacity of 3,948 MW. Innergex is committed to generating power from renewable sources to promote healthier communities and create shared prosperity.
Average Trading Volume: 588,973
Technical Sentiment Signal: Buy
Current Market Cap: C$2.79B
Learn more about INE stock on TipRanks’ Stock Analysis page.