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Innergex Renewable Energy (TSE:INE)
TSX:INE
INE Stock Chart & Stats
Day’s Range― - ―
52-Week RangeC$6.98 - C$10.96
Previous CloseN/A
Volume261.05K
Average Volume (3M)627.55K
Market Cap
C$1.52B
Enterprise ValueC$8.82B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)―
Beta1.06
Next Earnings
May 13, 2025EPS Estimate
-0.06Last Dividend Ex-Date
Dec 31, 2024Dividend Yield4.83%
Share Statistics
EPS (TTM)-0.65
Shares Outstanding203,125,030
10 Day Avg. Volume587,183
30 Day Avg. Volume627,552
Standard Deviation0.09
R-Squared0.03
Alpha-0.01
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.51
Price to Cash Flow (P/CF)3.50
P/FCF Ratio8.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$12.50Price Target Upside46.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
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Innergex Renewable Energy News
PremiumCompany Announcements
Innergex Renewable Energy Secures Strong Growth and Financial Success in 2024
PremiumCompany Announcements
Innergex Secures Final Funding for Boswell Springs Wind FarmPremiumPre-Earnings
Is INE a Buy, Before Earnings?
PremiumCompany Announcements
Innergex Expands French Wind Portfolio with New Acquisition
PremiumCompany Announcements
Innergex Celebrates Operational Launch of Boswell Springs Wind Farm
PremiumCompany Announcements
Innergex Partners with BC Hydro on Wind Project
PremiumCompany Announcements
Innergex and Stellat’en Partner for Wind Energy
PremiumCompany Announcements
Innergex and Westbank Sign 30-Year Power Agreement---
Bulls Say, Bears Say
Bulls Say
Financial OutlookAnalyst maintains an Outperform rating due to the ~25% potential total return to the unchanged $11 target, suggesting a promising financial outlook.
Growth OpportunitiesPremium hydro assets and improved balance sheet flexibility from the recent dividend reset open up new growth opportunities for the company.
Renewable Energy ProjectsThere are 882MW of renewable projects in advanced stages, with 570MW already having secured contracts, indicating strong future growth potential.
Bears Say
Contractual DependenceThe reliance on a 25-year inflation indexed PPA for the Portneuf hydro facility refinancing could expose the company to long-term contractual risks.
Market PerformanceShares have experienced significant underperformance during a sell-off in the renewables sector, which may raise concerns among investors.
Project RisksThe Boswell Springs project, still under construction, faces a deadline for commissioning by Q4/24, which could pose risks if delays occur.
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Options Prices
Currently, No data available
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Ownership Overview
0.77% Insiders
4.06% Mutual Funds
<0.01% Other Institutional Investors
85.41% Public Companies and Individual Investors
INE FAQ
What was Innergex Renewable Energy’s price range in the past 12 months?
Innergex Renewable Energy lowest stock price was C$6.98 and its highest was C$10.96 in the past 12 months.
What is Innergex Renewable Energy’s market cap?
Innergex Renewable Energy’s market cap is C$1.52B.
When is Innergex Renewable Energy’s upcoming earnings report date?
Innergex Renewable Energy’s upcoming earnings report date is May 13, 2025 which is in 81 days.
How were Innergex Renewable Energy’s earnings last quarter?
Innergex Renewable Energy released its earnings results on Feb 19, 2025. The company reported C$0.212 earnings per share for the quarter, beating the consensus estimate of -C$0.058 by C$0.27.
Is Innergex Renewable Energy overvalued?
According to Wall Street analysts Innergex Renewable Energy’s price is currently Undervalued.
Does Innergex Renewable Energy pay dividends?
Innergex Renewable Energy pays a Quarterly dividend of C$0.09 which represents an annual dividend yield of 4.83%. See more information on Innergex Renewable Energy dividends here
What is Innergex Renewable Energy’s EPS estimate?
Innergex Renewable Energy’s EPS estimate is -0.06.
How many shares outstanding does Innergex Renewable Energy have?
Innergex Renewable Energy has 203,125,030 shares outstanding.
What happened to Innergex Renewable Energy’s price movement after its last earnings report?
Innergex Renewable Energy reported an EPS of C$0.212 in its last earnings report, beating expectations of -C$0.058. Following the earnings report the stock price went up 3.217%.
Which hedge fund is a major shareholder of Innergex Renewable Energy?
Currently, no hedge funds are holding shares in TSE:INE
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Innergex Renewable Energy Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
C$12.50 (46.71% Upside)
C$12.50 (46.71% Upside)
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 3.9%
Last 30 Days ▼ 3.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
8.75%
12-Months-Change
Fundamentals
Return on Equity
-12.30%
Trailing 12-Months
Asset Growth
2.07%
Trailing 12-Months
Company Description
Innergex Renewable Energy
Innergex Renewable Energy Inc is an independent Canadian renewable power producer. It develops, acquires, owns and operates hydroelectric, wind, and solar facilities in Canada, the United States, France, and Chile. Most of the energy that the company generates comes from its hydroelectric facilities. Innergex Renewable Energy primarily generates revenue through the sale of electricity from its hydroelectric sites. The company's wind farms also generate substantial amounts of energy and revenue.
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INE Stock 12 Month Forecast
Average Price Target
C$12.50
▲(46.71% Upside)
Technical Analysis
Boralex Inc Cl A
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Capital Power
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Algonquin Power & Utilities
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Northland Power
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Brookfield Renewable
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Best Analysts Covering INE
1 Year
1 Year Success Rate
15/27 ratings generated profit
1 Year Average Return
+7.98%
reiterated a buy rating a year ago
Copying David Quezada's trades and holding each position for 1 Year would result in 55.56% of your transactions generating a profit, with an average return of +7.98% per trade.
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