OTCMKTS:INGXF Innergex Renewable Energy (INGXF) Stock Forecast, Price & News $10.51 -0.05 (-0.47%) (As of 06/8/2023 ET) Add Compare Share Share Today's Range$10.50▼$10.5150-Day Range$9.67▼$11.3052-Week Range$9.47▼$15.45Volume1,270 shsAverage Volume1,330 shsMarket Capitalization$2.15 billionP/E RatioN/ADividend Yield5.04%Price Target$18.89 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesShort InterestProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesShort Interest Innergex Renewable Energy MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside79.8% Upside$18.89 Price TargetShort InterestBearish0.36% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.48 out of 5 stars 3.4 Analyst's Opinion Consensus RatingInnergex Renewable Energy has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $18.89, Innergex Renewable Energy has a forecasted upside of 79.8% from its current price of $10.51.Amount of Analyst CoverageInnergex Renewable Energy has only been the subject of 1 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted0.36% of the outstanding shares of Innergex Renewable Energy have been sold short.Short Interest Ratio / Days to CoverInnergex Renewable Energy has a short interest ratio ("days to cover") of 67, which indicates bearish sentiment.Change versus previous monthShort interest in Innergex Renewable Energy has recently increased by 2.51%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend LeadershipInnergex Renewable Energy is a leading dividend payer. It pays a dividend yield of 5.00%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthInnergex Renewable Energy does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for INGXF. Previous Next 0.6 News and Social Media Coverage MarketBeat Follows1 people have added Innergex Renewable Energy to their MarketBeat watchlist in the last 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Innergex Renewable Energy insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.70% of the stock of Innergex Renewable Energy is held by insiders. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Innergex Renewable Energy is -42.04, 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. SectorThe P/E ratio of Innergex Renewable Energy is -42.04, 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 RatioInnergex Renewable Energy has a P/B Ratio of 2.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Innergex Renewable Energy (OTCMKTS:INGXF) StockInnergex Renewable Energy, Inc. engages in the development, acquisition, ownership, and operations of renewable power-generating and energy storage facilities, focused on the hydroelectric, wind, and solar power sectors. It operates through the following segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation. The company was founded in 1990 and is headquartered in Longueuil, Canada.Read More Receive INGXF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Innergex Renewable Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address INGXF Stock News HeadlinesMay 31, 2023 | finance.yahoo.comInnergex and MMBC SIgn a 30-year power purchase agreement with Hydro-QuébecMay 15, 2023 | finance.yahoo.comInvestors in Innergex Renewable Energy (TSE:INE) have unfortunately lost 18% over the last three yearsJune 9, 2023 | Edge On The Street (Ad)All Electric Commitment From GM, Volkswagen, Could Put Lithium Sector In A SupercycleMore automakers are pledging to go "fully electric" by 2035. NOW is the perfect time to get in on the "EV Revolution." And the best way to potentially do that, is to skip over the overvalued electric vehicle stocks...May 14, 2023 | americanbankingnews.comTD Securities Cuts Innergex Renewable Energy (OTCMKTS:INGXF) Price Target to C$16.50May 14, 2023 | americanbankingnews.comRoyal Bank of Canada Cuts Innergex Renewable Energy (OTCMKTS:INGXF) Price Target to C$16.00May 13, 2023 | americanbankingnews.comInnergex Renewable Energy (OTCMKTS:INGXF) PT Lowered to C$21.50 at Raymond JamesMay 12, 2023 | americanbankingnews.comInnergex Renewable Energy (OTCMKTS:INGXF) Stock Rating Upgraded by DesjardinsMay 11, 2023 | msn.comInnergex Renewable Energy (INGXF) Declares $0.18 DividendJune 9, 2023 | Edge On The Street (Ad)Soaring EV Industry Keeps Investor Focus on LithiumThe need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.May 10, 2023 | msn.comInnergex Renewable Energy GAAP EPS of -$0.08, revenue of $218.33M beats by $19.33MMay 9, 2023 | finance.yahoo.comINNERGEX Q1 2023May 3, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Pref Ser A down on Wednesday (INE-PR-A)April 29, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Pref Ser A up on Friday (INE-PR-A)April 28, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Pref Ser A down on Thursday (INE-PR-A)April 27, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Inc Pref Ser C flat on Tuesday (INE-PR-C)April 23, 2023 | finance.yahoo.comWe Might See A Profit From Innergex Renewable Energy Inc. (TSE:INE) SoonApril 22, 2023 | marketwatch.comINNERGEX ACHIEVES FINANCIAL CLOSE ON ITS SAN ANDR S BATTERY ENERGY STORAGE PROJECT IN CHILEApril 22, 2023 | americanbankingnews.comInnergex Renewable Energy (OTCMKTS:INGXF) Price Target Raised to C$21.00 at National Bank FinancialApril 21, 2023 | finance.yahoo.comINNERGEX ACHIEVES FINANCIAL CLOSE ON ITS SAN ANDRÉS BATTERY ENERGY STORAGE PROJECT IN CHILEApril 21, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Inc down on Thursday (INE)April 19, 2023 | americanbankingnews.comInnergex Renewable Energy (OTCMKTS:INGXF) Share Price Crosses Below Fifty Day Moving Average of $10.99April 17, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Inc down on Monday (INE)April 10, 2023 | ca.finance.yahoo.comChile's Codelco renews clean energy contract with Canada's InnergexApril 9, 2023 | americanbankingnews.comInnergex Renewable Energy (OTCMKTS:INGXF) Price Target Lowered to C$20.00 at Credit Suisse GroupApril 3, 2023 | americanbankingnews.comInnergex Renewable Energy Inc. (OTCMKTS:INGXF) Short Interest Up 10.4% in MarchMarch 30, 2023 | marketwatch.comExploring the Renewable Energy Market: Progresses for Huge Profits during 2023-2256March 30, 2023 | finance.yahoo.comINNERGEX WELCOMES THE CANADIAN FEDERAL GOVERNMENT'S SUPPORT FOR THE DEPLOYMENT OF CLEAN ENERGY PROJECTSSee More Headlines INGXF Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart INGXF Company Calendar Ex-Dividend for 4/17 Dividend3/30/2023Dividend Payable4/17/2023Last Earnings5/09/2023Today6/09/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeOTCMKTS Industry Electric & other services combined Sub-IndustryN/A SectorUtilities Current SymbolOTCMKTS:INGXF CUSIPN/A CIKN/A Webwww.innergex.com Phone(450) 928-2550Fax45-0928-2544Employees488Year FoundedN/APrice Target and Rating Average Stock Price Forecast$18.89 High Stock Price Forecast$21.50 Low Stock Price Forecast$16.00 Forecasted Upside/Downside+79.8%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.25) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-62,780,000.00 Net Margins-6.73% Pretax Margin-11.22% Return on Equity-2.52% Return on Assets-0.42% Debt Debt-to-Equity Ratio3.97 Current Ratio0.81 Quick Ratio0.81 Sales & Book Value Annual Sales$669.58 million Price / Sales3.21 Cash Flow$1.13 per share Price / Cash Flow9.30 Book Value$5.11 per share Price / Book2.06Miscellaneous Outstanding Shares204,220,000Free Float194,618,000Market Cap$2.15 billion OptionableNot Optionable Beta0.53 Key ExecutivesMichel LetellierPresident, CEO & Non-Independent DirectorJean TrudelChief Financial OfficerRobert GuillemetteVP-Health, Safety & Technological InnovationJacques DesrochersVP-Information & Operations TechnologiesJean PerronSenior Vice PresidentKey CompetitorsAvistaNYSE:AVANorthWesternNASDAQ:NWEUnitilNYSE:UTLALLETENYSE:ALEPrimo WaterNYSE:PRMWView All Competitors INGXF Stock - Frequently Asked Questions Should I buy or sell Innergex Renewable Energy stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innergex Renewable Energy in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 forecast for 2023? 4 Wall Street research analysts have issued twelve-month price objectives for Innergex Renewable Energy's stock. Their INGXF share price forecasts range from $16.00 to $21.50. On average, they anticipate the company's share price to reach $18.89 in the next year. This suggests a possible upside of 79.8% 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 2023? Innergex Renewable Energy's stock was trading at $11.94 on January 1st, 2023. Since then, INGXF stock has decreased by 12.0% and is now trading at $10.51. View the best growth stocks for 2023 here. Are investors shorting Innergex Renewable Energy? Innergex Renewable Energy saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 725,800 shares, a drop of 18.0% from the April 15th total of 885,000 shares. Based on an average daily volume of 4,500 shares, the days-to-cover ratio is currently 161.3 days. View Innergex Renewable Energy's Short Interest. How were Innergex Renewable Energy's earnings last quarter? Innergex Renewable Energy Inc. (OTCMKTS:INGXF) posted its quarterly earnings data on Tuesday, May, 9th. The company reported ($0.06) earnings per share for the quarter. Innergex Renewable Energy had a negative net margin of 6.73% and a negative trailing twelve-month return on equity of 2.52%. How often does Innergex Renewable Energy pay dividends? What is the dividend yield for Innergex Renewable Energy? Innergex Renewable Energy announced a dividend on Wednesday, March 22nd. Shareholders of record on Friday, March 31st will be given a dividend of $0.1319 per share on Monday, April 17th. This represents a yield of 4.95%. The ex-dividend date is Thursday, March 30th. 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 5.00%. 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. 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 stock 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 $10.51. How much money does Innergex Renewable Energy make? Innergex Renewable Energy (OTCMKTS:INGXF) has a market capitalization of $2.15 billion and generates $669.58 million in revenue each year. The company earns $-62,780,000.00 in net income (profit) each year or ($0.25) on an earnings per share basis. How many employees does Innergex Renewable Energy have? The company employs 488 workers across the globe. 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 official website for the company is www.innergex.com. The company can be reached via phone at (450) 928-2550, via email at jfneault@innergex.com, or via fax at 45-0928-2544. This page (OTCMKTS:INGXF) was last updated on 6/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Innergex Renewable Energy Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.