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TSE:INE

Innergex Renewable Energy (INE) Stock Price, News & Analysis

C$8.04
-0.04 (-0.50%)
(As of 09:39 AM ET)
Today's Range
C$8.02
C$8.13
50-Day Range
C$7.13
C$9.41
52-Week Range
C$7.05
C$15.23
Volume
31,961 shs
Average Volume
838,124 shs
Market Capitalization
C$1.64 billion
P/E Ratio
N/A
Dividend Yield
4.48%
Price Target
C$13.36

Innergex Renewable Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
65.4% Upside
C$13.36 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.37mentions of Innergex Renewable Energy in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
C$174,975 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.69 out of 5 stars

INE stock logo

About Innergex Renewable Energy Stock (TSE:INE)

Innergex Renewable Energy Inc. operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation. As of December 31, 2023, it owns and operates 87 facilities with a net installed capacity of 4,234 megawatts, which include 41 hydroelectric facilities, 35 wind facilities, 9 solar farms, and 2 storage facilities. Innergex Renewable Energy Inc. is headquartered in Longueuil, Canada.

INE Stock Price History

INE Stock News Headlines

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INNERGEX UPDATES ITS CAPITAL ALLOCATION STRATEGY
Morning News Call - Canada, February 21
TSX Recovers After Early Setback, Ends Modestly Lower
See More Headlines
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Company Calendar

Ex-Dividend for 1/15 Dividend
12/28/2023
Dividend Payable
1/15/2024
Last Earnings
2/21/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Today
3/28/2024
Dividend Payable
4/15/2024
Next Earnings (Estimated)
5/14/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Utilities - Renewable
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
602
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$13.36
High Stock Price Target
C$19.50
Low Stock Price Target
C$9.00
Potential Upside/Downside
+65.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
C$-104,080,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.04 billion
Cash Flow
C$0.50 per share
Book Value
C$4.68 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.65 billion
Optionable
Not Optionable
Beta
0.37
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Key Executives

  • Mr. Michel Letellier MBA (Age 59)
    President, CEO & Director
    Comp: $1.39M
  • Mr. Jean Trudel M.B.A.
    Chief Financial Officer
  • Mr. Yves Baribeault Eng.
    L.L.B., M.B.A., Chief Legal Officer & Secretary
  • Ms. Alexandra Boislard Pepin M.B.A.
    Chief Human Resources Officer
  • Ms. Pascale Tremblay Eng.
    ING, M.Sc., Chief Asset Officer
  • Mr. Niko Nikolaidis M.B.A.
    M.Sc., Vice President of Investments & Financing
  • Mr. Naji Baydoun C.F.A.
    Director of Investor Relations
  • Ms. Karine Vachon
    Senior Director – Communications
  • Mr. Guillaume Jumel
    VP & MD of France
  • Mr. Jaime Pino
    VP & MD of Chile

INE Stock Analysis - Frequently Asked Questions

Should I buy or sell Innergex Renewable Energy stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innergex Renewable Energy in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" INE shares.
View INE analyst ratings
or view top-rated stocks.

What is Innergex Renewable Energy's stock price target for 2024?

7 brokers have issued 12-month price targets for Innergex Renewable Energy's stock. Their INE share price targets range from C$9.00 to C$19.50. On average, they anticipate the company's share price to reach C$13.36 in the next year. This suggests a possible upside of 65.4% from the stock's current price.
View analysts price targets for INE
or view top-rated stocks among Wall Street analysts.

How have INE shares performed in 2024?

Innergex Renewable Energy's stock was trading at C$9.19 on January 1st, 2024. Since then, INE shares have decreased by 12.1% and is now trading at C$8.08.
View the best growth stocks for 2024 here
.

When is Innergex Renewable Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our INE earnings forecast
.

How were Innergex Renewable Energy's earnings last quarter?

Innergex Renewable Energy Inc. (TSE:INE) announced its earnings results on Wednesday, February, 21st. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. The business earned $261.53 million during the quarter, compared to analyst estimates of $264.85 million. Innergex Renewable Energy had a negative trailing twelve-month return on equity of 7.86% and a negative net margin of 9.45%.

How often does Innergex Renewable Energy pay dividends? What is the dividend yield for Innergex Renewable Energy?

Innergex Renewable Energy announced a quarterly dividend on Wednesday, March 27th. Investors of record on Monday, April 15th will be given a dividend of 0.09 per share on Monday, April 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for INE
.

Is Innergex Renewable Energy a good dividend stock?

Innergex Renewable Energy (TSE:INE) pays an annual dividend of C$0.36 per share and currently has a dividend yield of 4.65%. INE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for INE.

What other stocks do shareholders of Innergex Renewable Energy own?
How do I buy shares of Innergex Renewable Energy?

Shares of INE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:INE) was last updated on 3/28/2024 by MarketBeat.com Staff

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