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

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innergex Renewable Energy in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" INGXF shares. View INGXF analyst ratings or view top-rated stocks .

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

1 brokerages have issued 1-year target prices for Innergex Renewable Energy's stock. Their INGXF share price targets range from $23.00 to $32.00. On average, they predict the company's share price to reach $25.60 in the next year. This suggests a possible upside of 349.6% from the stock's current price. View analysts price targets for INGXF or view top-rated stocks among Wall Street analysts .

How have INGXF shares performed in 2024?

Innergex Renewable Energy's stock was trading at $6.97 at the beginning of 2024. Since then, INGXF shares have decreased by 18.3% and is now trading at $5.6937. View the best growth stocks for 2024 here .

How were Innergex Renewable Energy's earnings last quarter?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) issued its quarterly earnings results on Wednesday, February, 21st. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $192.12 million for the quarter. Innergex Renewable Energy had a negative trailing twelve-month return on equity of 0.10% and a negative net margin of 10.43%.

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

Innergex Renewable Energy announced a dividend on Thursday, March 21st. Stockholders of record on Thursday, March 28th will be given a dividend of $0.0666 per share on Monday, April 15th. This represents a yield of 4.52%. The ex-dividend date of this dividend is Wednesday, March 27th. Read our dividend analysis for INGXF .

Is Innergex Renewable Energy a good dividend stock?

Innergex Renewable Energy (OTCMKTS:INGXF) pays an annual dividend of $0.53 per share and currently has a dividend yield of 9.14%. INGXF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for INGXF .

How do I buy shares of Innergex Renewable Energy?

Shares of INGXF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

OTCMKTS:INGXF

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

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$5.69

-0.12 (-2.06%)

(As of 04/15/2024 ET)

Compare

Today's Range: $5.60
▼
$5.69
50-Day Range: $5.26
▼
$6.44
52-Week Range: $5.26
▼
$11.08

Volume: 85,158 shs
Average Volume: 29,659 shs
Market Capitalization: $1.16 billion

P/E Ratio: N/A
Dividend Yield: 9.31%
Price Target: $25.60

Stock Analysis Analyst Forecasts Chart Dividend Earnings Headlines Short Interest

Get Innergex Renewable Energy alerts:

Innergex Renewable Energy MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 349.6% Upside
$25.60 Price Target
Short Interest: Bearish
0.81% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.24
Based on 3 Articles This Week
Insider Trading: N/A
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.

2.15 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Innergex Renewable Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Innergex Renewable Energy has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
0.81% of the outstanding shares of Innergex Renewable Energy have been sold short.
Short Interest Ratio / Days to Cover
Innergex Renewable Energy has a short interest ratio ("days to cover") of 60.6, which indicates bearish sentiment.
Change versus previous month
Short interest in Innergex Renewable Energy has recently increased by 2.73%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Leadership
Innergex Renewable Energy is a leading dividend payer. It pays a dividend yield of 9.14%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Innergex Renewable Energy does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for INGXF.

3.5

News and Social Media Coverage

News Sentiment
Innergex Renewable Energy has a news sentiment score of 1.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Innergex Renewable Energy this week, compared to 0 articles on an average week.
MarketBeat Follows
2 people have added Innergex Renewable Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

N/A

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Innergex Renewable Energy insiders have not sold or bought any company stock.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Innergex Renewable Energy is -14.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Innergex Renewable Energy is -14.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Innergex Renewable Energy has a P/B Ratio of 1.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Innergex Renewable Energy Stock (OTCMKTS:INGXF)

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 February 21, 2024, it owned and operated 87 facilities with a net installed capacity of 3,600 megawatts, including 41 hydroelectric facilities, 35 wind facilities, 9 solar facilities, and 2 battery energy storage facilities. The company is headquartered in Longueuil, Canada.

INGXF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

INGXF Stock News Headlines

April 15, 2024 | marketwatch.com

Innergex Renewable Energy Partnership Wind Project Chosen to Supply Grid in Quebec

April 15, 2024 | finance.yahoo.com

Innergex, the RCM of Lotbinière and the Abenaki Councils of Odanak and Wôlinak sign 30-year power purchase agreement with Hydro-Québec

April 16, 2024 | InvestorPlace (Ad)

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April 11, 2024 | americanbankingnews.com

Innergex Renewable Energy (OTCMKTS:INGXF) Stock Passes Below 50-Day Moving Average of $5.99

March 1, 2024 | marketwatch.com

Innergex Gets Large-Scale Power Purchase Deal With Codelco

March 1, 2024 | finance.yahoo.com

Innergex Awarded 350 GWh per year in Codelco's Request for Proposals, Solidifying its Position as Leader in Chile

February 28, 2024 | seekingalpha.com

Innergex: The Path Is Right, Yet Still Some Shadows

February 22, 2024 | finance.yahoo.com

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April 16, 2024 | InvestorPlace (Ad)

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February 13, 2024 | finance.yahoo.com

Innergex Renewable Energy Inc.'s (TSE:INE) market cap dropped CA$117m last week; individual investors who hold 40% were hit as were institutions

January 9, 2024 | realmoney.thestreet.com

Innergex Renewable Energy price target lowered by C$0.50 at CIBC

January 1, 2024 | finance.yahoo.com

Are Innergex Renewable Energy Inc. (TSE:INE) Investors Paying Above The Intrinsic Value?

November 15, 2023 | theglobeandmail.com

Innergex Renewable Energy: Top 10 Undervalued Utilities - Independent Power Producers Industry Stocks (INE)

November 9, 2023 | msn.com

Innergex Renewable Energy GAAP EPS of C$0.04

November 5, 2023 | morningstar.com

Innergex Renewable Energy Inc INE

October 28, 2023 | theglobeandmail.com

Closing Bell: Innergex Renewable Energy Pref Ser A up on Thursday (INE-PR-A)

October 22, 2023 | investing.com

Innergex's share price plummets despite consistent revenue growth

October 18, 2023 | theglobeandmail.com

Closing Bell: Innergex Renewable Energy Inc Pref Ser C up on Tuesday (INE-PR-C)

September 30, 2023 | finance.yahoo.com

Innergex Renewable Energy Inc. (TSE:INE) Has Found A Path To Profitability

September 19, 2023 | theglobeandmail.com

Closing Bell: Innergex Renewable Energy Pref Ser A flat on Tuesday (INE-PR-A)

August 26, 2023 | theglobeandmail.com

Closing Bell: Innergex Renewable Energy Pref Ser A down on Friday (INE-PR-A)

August 26, 2023 | theglobeandmail.com

Closing Bell: Innergex Renewable Energy Inc Pref Ser C up on Friday (INE-PR-C)

August 10, 2023 | markets.businessinsider.com

CIBC Sticks to Their Hold Rating for Innergex Renewable Energy (INE)

August 8, 2023 | uk.investing.com

INE_pc Cash Flow Statement

August 8, 2023 | finance.yahoo.com

INNERGEX Q2 2023

July 14, 2023 | finance.yahoo.com

INNERGEX ACHIEVES CONSTRUCTION FINANCIAL CLOSE OF ITS BOSWELL SPRINGS WIND PROJECT

July 12, 2023 | ca.finance.yahoo.com

INGXF - Innergex Renewable Energy Inc.

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Company Calendar

Last Earnings: 2/21/2024
Ex-Dividend for 4/15 Dividend: 3/27/2024
Dividend Payable: 4/15/2024
Today: 4/16/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Utilities
Industry: Electric & other services combined
Sub-Industry: N/A
Current Symbol: OTCMKTS:INGXF
CUSIP: N/A
CIK: N/A
Web: www.innergex.com
Phone: (450) 928-2550
Fax: 45-0928-2544
Employees: 602
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $25.60
High Stock Price Target: $32.00
Low Stock Price Target: $23.00
Potential Upside/Downside: +349.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.38)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-72,930,000.00
Net Margins: -10.43%
Pretax Margin: -14.66%
Return on Equity: -0.10%
Return on Assets: -0.01%

Debt

Debt-to-Equity Ratio: 5.62
Current Ratio: 0.91
Quick Ratio: 0.91

Sales & Book Value

Annual Sales: $771.53 million
Price / Sales: 1.50
Cash Flow: $1.28 per share
Price / Cash Flow: 4.46
Book Value: $3.89 per share
Price / Book: 1.46

Miscellaneous

Outstanding Shares: 203,760,000
Free Float: N/A
Market Cap: $1.16 billion
Optionable: Not Optionable
Beta: 0.56

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Key Executives

Mr. Michel Letellier MBA (Age 59)
President, CEO & Director
Comp: $1.03M
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

Key Competitors

View All Competitors

INGXF Stock Analysis - Frequently Asked Questions

Should I buy or sell Innergex Renewable Energy stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innergex Renewable Energy in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" INGXF shares.
View INGXF analyst ratings or view top-rated stocks.
What is Innergex Renewable Energy's stock price target for 2024?: 1 brokerages have issued 1-year target prices for Innergex Renewable Energy's stock. Their INGXF share price targets range from $23.00 to $32.00. On average, they predict the company's share price to reach $25.60 in the next year. This suggests a possible upside of 349.6% from the stock's current price.
View analysts price targets for INGXF or view top-rated stocks among Wall Street analysts.
How have INGXF shares performed in 2024?: Innergex Renewable Energy's stock was trading at $6.97 at the beginning of 2024. Since then, INGXF shares have decreased by 18.3% and is now trading at $5.6937.
View the best growth stocks for 2024 here.
How were Innergex Renewable Energy's earnings last quarter?: Innergex Renewable Energy Inc. (OTCMKTS:INGXF) issued its quarterly earnings results on Wednesday, February, 21st. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $192.12 million for the quarter. Innergex Renewable Energy had a negative trailing twelve-month return on equity of 0.10% and a negative net margin of 10.43%.

How often does Innergex Renewable Energy pay dividends? What is the dividend yield for Innergex Renewable Energy?: Innergex Renewable Energy announced a dividend on Thursday, March 21st. Stockholders of record on Thursday, March 28th will be given a dividend of $0.0666 per share on Monday, April 15th. This represents a yield of 4.52%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for INGXF.
Is Innergex Renewable Energy a good dividend stock?: Innergex Renewable Energy (OTCMKTS:INGXF) pays an annual dividend of $0.53 per share and currently has a dividend yield of 9.14%. INGXF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for INGXF.
How do I buy shares of Innergex Renewable Energy?: Shares of INGXF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:INGXF) was last updated on 4/16/2024 by MarketBeat.com Staff

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

Innergex Renewable Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Innergex Renewable Energy Stock (OTCMKTS:INGXF)

INGXF Stock Price History

INGXF Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

INGXF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™