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Innergex Renewable Energy (TSE:INE)
:INE
RESEARCH TOOLSreports
INE Stock Chart & Stats
Day’s Range― - ―
52-Week RangeC$6.98 - C$13.63
Previous CloseN/A
Volume261.05K
Average Volume (3M)1.09M
Market Cap
C$2.75B
Enterprise ValueC$8.79B
Total Cash (Recent Filing)C$181.28M
Total Debt (Recent Filing)C$6.86B
Price to Earnings (P/E)266.7
Beta0.90
Next Earnings
May 13, 2025EPS Estimate
-0.06Last Dividend Ex-Date
Mar 31, 2025Dividend Yield2.66%
Share Statistics
EPS (TTM)0.05
Shares Outstanding203,125,030
10 Day Avg. Volume931,035
30 Day Avg. Volume1,088,944
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.63
Price to Cash Flow (P/CF)6.30
P/FCF Ratio7.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$12.43Price Target Upside-8.06% Downside
Rating ConsensusHold
Number of Analyst Covering7
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Innergex Renewable Energy News
PremiumCompany Announcements
Innergex Gains Proxy Advisor Support for CDPQ Arrangement
PremiumCompany Announcements
Innergex Advances in French Solar Market with New Projects
PremiumCompany Announcements
Innergex Renewable Energy Proceeds with Going-Private Transaction with CDPQPremiumCompany Announcements
Innergex Launches Hale Kuawehi Solar and Battery Storage Project in Hawaii
PremiumCompany Announcements
Innergex to be Acquired by CDPQ in $10 Billion Deal
PremiumCompany Announcements
Innergex Renewable Energy Shines in Earnings CallPremiumCompany Announcements
Innergex Renewable Energy Secures Strong Growth and Financial Success in 2024---
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
0.20% Insiders
4.13%
Mutual Funds
<0.01% Other Institutional Investors
85.66% 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$13.63 in the past 12 months.
What is Innergex Renewable Energy’s market cap?
Innergex Renewable Energy’s market cap is C$2.75B.
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 16 days.
How were Innergex Renewable Energy’s earnings last quarter?
Innergex Renewable Energy released its earnings results on Feb 20, 2025. The company reported C$0.316 earnings per share for the quarter, beating the consensus estimate of -C$0.058 by C$0.374.
Is Innergex Renewable Energy overvalued?
According to Wall Street analysts Innergex Renewable Energy’s price is currently Overvalued.
Does Innergex Renewable Energy pay dividends?
Innergex Renewable Energy pays a Quarterly dividend of C$0.09 which represents an annual dividend yield of 2.66%. 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$0.316 in its last earnings report, beating expectations of -C$0.058. Following the earnings report the stock price went up 10.588%.
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
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4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
C$12.43 (-8.06% Downside)
C$12.43 (-8.06% Downside)
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.2%
Last 30 Days ▼ 0.4%
Last 30 Days ▼ 0.4%
News Sentiment
Neutral
Bullish news 59%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
75.72%
12-Months-Change
Fundamentals
Return on Equity
1.44%
Trailing 12-Months
Asset Growth
5.61%
Trailing 12-Months
Company Description
Innergex Renewable Energy
Innergex Renewable Energy Inc. (INE) is a Canada-based independent renewable power producer specializing in the development, ownership, and operation of renewable energy facilities. The company operates in three main sectors: hydroelectricity, wind energy, and solar energy. Innergex is committed to providing sustainable energy solutions and has a diverse portfolio of assets in North America, Latin America, and Europe, focusing on long-term growth and environmental stewardship.
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INE Stock 12 Month Forecast
Average Price Target
C$12.43
▼(-8.06% Downside)
Technical Analysis
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Best Analysts Covering INE
1 Year
1 Year Success Rate
17/35 ratings generated profit
1 Year Average Return
-0.19%
reiterated a buy rating 2 months ago
Copying Benjamin Pham's trades and holding each position for 1 Year would result in 48.57% of your transactions generating a profit, with an average return of -0.19% per trade.
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