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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innergex Renewable Energy in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" INGXF shares. View INGXF analyst ratings or view top-rated stocks .

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

3 Wall Street analysts have issued 1-year price targets for Innergex Renewable Energy's shares. Their INGXF share price targets range from $23.00 to $32.00. On average, they expect the company's share price to reach $25.50 in the next twelve months. This suggests a possible upside of 261.2% 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 at the start of the year. Since then, INGXF stock has decreased by 40.9% and is now trading at $7.06. View the best growth stocks for 2023 here .

Are investors shorting Innergex Renewable Energy?

Innergex Renewable Energy saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 711,000 shares, an increase of 11.0% from the October 31st total of 640,300 shares. Based on an average daily volume of 35,900 shares, the days-to-cover ratio is presently 19.8 days. View Innergex Renewable Energy's Short Interest .

How were Innergex Renewable Energy's earnings last quarter?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) announced its quarterly earnings results on Wednesday, November, 8th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $206.54 million for the quarter. Innergex Renewable Energy had a negative net margin of 3.08% and a negative trailing twelve-month return on equity of 1.32%.

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

Innergex Renewable Energy declared a dividend on Wednesday, September 27th. Stockholders of record on Friday, September 29th will be given a dividend of $0.1335 per share on Monday, October 16th. This represents a dividend yield of 6.03%. The ex-dividend date is Thursday, September 28th. Read our dividend analysis for INGXF .

Is Innergex Renewable Energy a good dividend stock?

Innergex Renewable Energy (OTCMKTS:INGXF) pays an annual dividend of $0.51 per share and currently has a dividend yield of 7.59%. 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

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

$7.06

+0.01 (+0.14%)

(As of 11/30/2023 ET)

Compare

Today's Range: $6.93
▼
$7.06
50-Day Range: $6.16
▼
$8.86
52-Week Range: $6.09
▼
$13.03

Volume: 502 shs
Average Volume: 14,635 shs
Market Capitalization: $1.44 billion

P/E Ratio: N/A
Dividend Yield: 7.22%
Price Target: $25.50

Stock Analysis Analyst Forecasts Chart Dividend Earnings Headlines Short Interest

Innergex Renewable Energy MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 261.2% Upside
$25.50 Price Target
Short Interest: Bearish
0.35% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -1.00
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.47 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Innergex Renewable Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $25.50, Innergex Renewable Energy has a forecasted upside of 261.2% from its current price of $7.06.
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
0.35% 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 19.8, which indicates bearish sentiment.
Change versus previous month
Short interest in Innergex Renewable Energy has recently increased by 11.04%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
Innergex Renewable Energy is a leading dividend payer. It pays a dividend yield of 7.59%, 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.

0.6

News and Social Media Coverage

News Sentiment
Innergex Renewable Energy has a news sentiment score of -1.00. 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 lower news sentiment than the 0.46 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Innergex Renewable Energy this week, compared to 1 article on an average week.

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.
Percentage Held by Insiders
Only 4.70% of the stock of Innergex Renewable Energy is held by insiders.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Innergex Renewable Energy is -54.31, 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 -54.31, 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 1.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 hydroelectric facilities, and wind and solar farms, as well as energy storage facilities. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation. It owns and operates 84 facilities with a net installed capacity of 4,184 megawatts, which include 40 hydroelectric facilities, 35 wind facilities, and 8 solar farms. Innergex Renewable Energy Inc. is headquartered in Longueuil, Canada.

INGXF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

INGXF Stock News Headlines

December 1, 2023 | americanbankingnews.com

Innergex Renewable Energy (OTCMKTS:INGXF) Shares Pass Above 50-Day Moving Average of $7.05

November 15, 2023 | theglobeandmail.com

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

December 1, 2023 | DTI Trader (Ad)

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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)

December 1, 2023 | Tomorrow Investor (Ad)

The Only Practical Solution to the World’s Looming Energy Crisis

There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!

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.

June 28, 2023 | finance.yahoo.com

Innergex named Canada's best corporate citizen

May 31, 2023 | finance.yahoo.com

Innergex and MMBC SIgn a 30-year power purchase agreement with Hydro-Québec

May 15, 2023 | finance.yahoo.com

Investors in Innergex Renewable Energy (TSE:INE) have unfortunately lost 18% over the last three years

May 11, 2023 | msn.com

Innergex Renewable Energy (INGXF) Declares $0.18 Dividend

May 10, 2023 | msn.com

Innergex Renewable Energy GAAP EPS of -$0.08, revenue of $218.33M beats by $19.33M

May 9, 2023 | finance.yahoo.com

INNERGEX Q1 2023

May 3, 2023 | theglobeandmail.com

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

April 29, 2023 | theglobeandmail.com

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

April 28, 2023 | theglobeandmail.com

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

See More Headlines

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Company Calendar

Ex-Dividend for 10/16 Dividend: 9/28/2023
Dividend Payable: 10/16/2023
Last Earnings: 11/08/2023
Today: 12/01/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Utilities - Renewable
Sub-Industry: N/A
Sector: Utilities
Current Symbol: OTCMKTS:INGXF
CUSIP: N/A
CIK: N/A
Web: www.innergex.com
Phone: (450) 928-2550
Fax: 45-0928-2544
Employees: 538
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $25.50
High Stock Price Target: $32.00
Low Stock Price Target: $23.00
Potential Upside/Downside: +261.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.13)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-62,780,000.00
Net Margins: -3.08%
Pretax Margin: -3.41%
Return on Equity: -1.32%
Return on Assets: -0.19%

Debt

Debt-to-Equity Ratio: 4.63
Current Ratio: 0.99
Quick Ratio: 0.99

Sales & Book Value

Annual Sales: $669.58 million
Price / Sales: 2.15
Cash Flow: $1.15 per share
Price / Cash Flow: 6.13
Book Value: $5.11 per share
Price / Book: 1.38

Miscellaneous

Outstanding Shares: 204,321,000
Free Float: 194,718,000
Market Cap: $1.44 billion
Optionable: Not Optionable
Beta: 0.58

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Key Executives

Mr. Michel Letellier MBA (Age 58)
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
Kristine Labrunye
Head 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?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innergex Renewable Energy in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" INGXF shares.
View INGXF analyst ratings or view top-rated stocks.
What is Innergex Renewable Energy's stock price target for 2024?: 3 Wall Street analysts have issued 1-year price targets for Innergex Renewable Energy's shares. Their INGXF share price targets range from $23.00 to $32.00. On average, they expect the company's share price to reach $25.50 in the next twelve months. This suggests a possible upside of 261.2% 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 at the start of the year. Since then, INGXF stock has decreased by 40.9% and is now trading at $7.06.
View the best growth stocks for 2023 here.
Are investors shorting Innergex Renewable Energy?: Innergex Renewable Energy saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 711,000 shares, an increase of 11.0% from the October 31st total of 640,300 shares. Based on an average daily volume of 35,900 shares, the days-to-cover ratio is presently 19.8 days.
View Innergex Renewable Energy's Short Interest.

How were Innergex Renewable Energy's earnings last quarter?: Innergex Renewable Energy Inc. (OTCMKTS:INGXF) announced its quarterly earnings results on Wednesday, November, 8th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $206.54 million for the quarter. Innergex Renewable Energy had a negative net margin of 3.08% and a negative trailing twelve-month return on equity of 1.32%.
How often does Innergex Renewable Energy pay dividends? What is the dividend yield for Innergex Renewable Energy?: Innergex Renewable Energy declared a dividend on Wednesday, September 27th. Stockholders of record on Friday, September 29th will be given a dividend of $0.1335 per share on Monday, October 16th. This represents a dividend yield of 6.03%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for INGXF.
Is Innergex Renewable Energy a good dividend stock?: Innergex Renewable Energy (OTCMKTS:INGXF) pays an annual dividend of $0.51 per share and currently has a dividend yield of 7.59%. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (OTCMKTS:INGXF) was last updated on 12/1/2023 by MarketBeat.com Staff

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