BMO Capital Markets on Friday maintained its outperform rating on the shares of Innergex Renewable Energy (INE.TO) while raising its price target to C$12.00 from C$11.50 following the company fourth-quarter results.
"The Q4/24 earnings report highlighted that INE has quietly assembled a large and growing sequence of organic growth projects that extends well into the early part of the next decade. However, judging by recent share price pressure and discounted valuation (~10x forward EBITDA), the market has hardly noticed. As such, we believe the 11% rally was warranted for the day and expect more outsized moves on further growth catalysts and/or capital recycling initiatives especially INE's long-life prem. hydros. Maintain Outperform rating; target price rises to $12 vs. $11.50," analyst Ben Pham wrote.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 8.88, Change: +0.36, Percent Change: +4.23
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。