OTCMKTS:INGXF

Innergex Renewable Energy Stock Forecast, Price & News

$17.38

+0.12 (+0.70 %)

(As of 07/30/2021 12:00 AM ET)

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Today's Range

$17.30

▼

$17.47

50-Day Range

$16.52

▼

$18.42

52-Week Range

$14.65

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$25.50

Volume1,037 shs

Average Volume3,870 shs

Market Capitalization$3.13 billion

P/E RatioN/A

Dividend Yield1.59%

Beta0.4

30 days | 90 days | 365 days | Advanced Chart

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About Innergex Renewable Energy

Innergex Renewable Energy, Inc. engages in the development, acquisition, and operations of run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power generation plants. It operates through the following segments: Hydroelectric Generation, Wind Power Generation, and Solar Power Generation. The Hydroelectric Generation, Wind Power Generation, and Solar Power Generation segments sells electricity products to publicly owned utilities and other creditworthy counterparties. The company was founded in 1990 and is headquartered in Longueuil, Canada.

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Given Consensus Recommendation of "Buy" by Analysts
July 30, 2021 | americanbankingnews.com

Innergex Renewable Energy (OTCMKTS:INGXF) Stock Price Crosses Below 50 Day Moving Average of $17.29
July 29, 2021 | americanbankingnews.com

Innergex Renewable Energy Inc. (TSE:INE) Insiders Increased Their Holdings
July 16, 2021 | finance.yahoo.com

Innergex to Acquire Remaining Interests in Energía Llaima to Propel its Growth in South America
June 30, 2021 | finance.yahoo.com

Innergex Renewable Appoints Pascale Tremblay as Chief Assets Officer
June 15, 2021 | marketwatch.com

Innergex Q1 2021: Enhanced Support to Renewable Energy Creates Opportunities, Despite Challenging Conditions in the Past Months
May 11, 2021 | finance.yahoo.com

Innergex Renewable Energy earnings: here's what to expect
May 9, 2021 | markets.businessinsider.com

Sophie Brochu’s first goal for Hydro-Québec: Reconnect with Quebeckers
April 12, 2021 | theglobeandmail.com

Geothermal Power Market Report 2021-2031
April 12, 2021 | finance.yahoo.com

2021 First Quarter Results Conference Call and Webcast and Annual General Meeting of Shareholders
April 7, 2021 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange OTCMKTS
Industry Electric & other services combined
Sub-IndustryN/A
SectorUtilities
Current SymbolOTCMKTS:INGXF
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.innergex.com
Phone(450) 928-2550
Employees370
Year FoundedN/A

Sales & Book Value

Annual Sales$457.77 million
Price / Sales6.83
Cash Flow$1.07 per share
Price / Cash Flow16.20
Book Value$4.02 per share
Price / Book4.32

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares179,820,000
Market Cap$3.13 billion
Next Earnings Date8/3/2021 (Estimated)
OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

1.84 out of 5 stars

Utilities Sector

91st out of 289 stocks

Electric & Other Services Combined Industry

21st out of 27 stocks

4.3 Analyst's Opinion

Consensus Rating
Innergex Renewable Energy has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $25.70, Innergex Renewable Energy has a forecasted upside of 47.9% from its current price of $17.38.
Amount of Analyst Coverage
Innergex Renewable Energy has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.1 Community Rank

Outperform Votes
Innergex Renewable Energy has received 92 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Innergex Renewable Energy has received 55 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Innergex Renewable Energy has received 62.59% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Innergex Renewable Energy and other stocks. Vote “Outperform” if you believe INGXF will outperform the S&P 500 over the long term. Vote “Underperform” if you believe INGXF will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.8 Dividend Strength

Dividend Yield
Innergex Renewable Energy pays a meaningful dividend of 1.59%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Innergex Renewable Energy does not have a long track record of dividend growth.

0.0 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 -96.55, 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 -96.55, 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 4.32. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Innergex Renewable Energy (OTCMKTS:INGXF) Frequently Asked Questions

Is Innergex Renewable Energy a buy right now?

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

What stocks does MarketBeat like better than Innergex Renewable Energy?

Wall Street analysts have given Innergex Renewable Energy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Innergex Renewable Energy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Innergex Renewable Energy's next earnings date?

Innergex Renewable Energy is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Innergex Renewable Energy.

How were Innergex Renewable Energy's earnings last quarter?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) released its quarterly earnings data on Tuesday, May, 9th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $56.30 million for the quarter. Innergex Renewable Energy had a negative trailing twelve-month return on equity of 21.86% and a negative net margin of 30.67%.
View Innergex Renewable Energy's earnings history.

How has Innergex Renewable Energy's stock price been impacted by COVID-19?

Innergex Renewable Energy's stock was trading at $13.00 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, INGXF shares have increased by 33.7% and is now trading at $17.3790.
View which stocks have been most impacted by COVID-19.

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

Innergex Renewable Energy declared a quarterly dividend on Tuesday, November 17th. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.135 per share on Friday, January 15th. This represents a $0.54 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Wednesday, December 30th. This is a positive change from Innergex Renewable Energy's previous quarterly dividend of $0.13.
View Innergex Renewable Energy's dividend history.

Is Innergex Renewable Energy a good dividend stock?

Innergex Renewable Energy pays an annual dividend of $0.28 per share and currently has a dividend yield of 1.59%.
View Innergex Renewable Energy's dividend history.

What price target have analysts set for INGXF?

10 brokers have issued 1-year target prices for Innergex Renewable Energy's stock. Their forecasts range from $23.00 to $32.00. On average, they expect Innergex Renewable Energy's stock price to reach $25.70 in the next twelve months. This suggests a possible upside of 47.9% from the stock's current price.
View analysts' price targets for Innergex Renewable Energy or view top-rated stocks among Wall Street analysts.

Who are Innergex Renewable Energy's key executives?

Innergex Renewable Energy's management team includes the following people:

Michel Letellier, President, CEO & Non-Independent Director
Peter Grover, Senior Vice President-Operations
Jean-François Neault, Chief Financial Officer
Robert Guillemette, VP-Health, Safety & Technological Innovation
Jean Perron, Senior Vice President

Who are some of Innergex Renewable Energy's key competitors?

Some companies that are related to Innergex Renewable Energy include United Utilities Group (UUGRY), NiSource (NI), Sunnova Energy International (NOVA), ALLETE (ALE), NorthWestern (NWE), Avista (AVA), Unitil (UTL), Spark Energy (SPKE), Genie Energy (GNE), VivoPower International (VVPR), Endesa (ELE), EuroSite Power (EUSP) and Premier Power Renewable Energy (PPRW).
View all of INGXF's competitors.

What is Innergex Renewable Energy's stock symbol?

Innergex Renewable Energy trades on the OTCMKTS under the ticker symbol "INGXF."

How do I buy shares of Innergex Renewable Energy?

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

What is Innergex Renewable Energy's stock price today?

One share of INGXF stock can currently be purchased for approximately $17.38.

How much money does Innergex Renewable Energy make?

Innergex Renewable Energy has a market capitalization of $3.13 billion and generates $457.77 million in revenue each year.

How many employees does Innergex Renewable Energy have?

Innergex Renewable Energy employs 370 workers across the globe.

What is Innergex Renewable Energy's official website?

The official website for Innergex Renewable Energy is www.innergex.com.

Where are Innergex Renewable Energy's headquarters?

Innergex Renewable Energy is headquartered at 1225 St-Charles Street West 10th floor, Longueuil A8, J4K 0B9.

How can I contact Innergex Renewable Energy?

Innergex Renewable Energy's mailing address is 1225 St-Charles Street West 10th floor, Longueuil A8, J4K 0B9. The company can be reached via phone at (450) 928-2550 or via email at [email protected]

This page was last updated on 8/1/2021 by MarketBeat.com Staff

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