OTCMKTS:INGXF

Innergex Renewable Energy Stock Forecast, Price & News

$20.09

+0.33 (+1.67 %)

(As of 12/1/2020 12:00 AM ET)

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Today's Range

$19.99

Now: $20.09▼

$20.35

50-Day Range

$17.38

MA: $18.80▼

$20.06

52-Week Range

$9.82

Now: $20.09▼

$21.00

Volume2,812 shs

Average Volume5,090 shs

Market Capitalization$3.51 billion

P/E RatioN/A

Dividend Yield2.78%

Beta0.47

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, wind farms, and solar farms. The company operates through three segments: Hydroelectric Generation, Wind Power Generation, and Solar Power Generation. As of May 14, 2020, it had interests in 69 operating facilities with a net installed capacity of 2,656 megawatt (MW), including 37 hydroelectric facilities, 26 wind farms, and six solar farms, as well as six development projects with net installed capacity of 295 MW and prospective projects with gross installed capacity of 7,131 MW. Innergex Renewable Energy Inc. was founded in 1990 and is headquartered in Longueuil, Canada.

3.2 Analyst's Opinion

Consensus Rating
Innergex Renewable Energy has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $25.38, Innergex Renewable Energy has a forecasted upside of 26.3% from its current price of $20.09.
Amount of Analyst Coverage
Innergex Renewable Energy has only been the subject of 4 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Innergex Renewable Energy has received 84 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Innergex Renewable Energy has received 98 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Innergex Renewable Energy has received 53.85% “underperform” 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 2.78%, 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.
Percentage Held by Institutions
Only 0.01% of the stock of Innergex Renewable Energy is held by institutions.

0.0 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Innergex Renewable Energy is -41.00, 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 -41.00, 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 7.67. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.26 out of 5 stars

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

Phone45-0928-2550

Employees327

Debt

Debt-to-Equity Ratio4.11

Current Ratio0.63

Quick Ratio0.63

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$419.79 million

Price / Sales8.35

Cash Flow$0.96 per share

Price / Cash Flow20.92

Book Value$2.62 per share

Price / Book7.67

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$-21,130,000.00

Net Margins-16.28%

Return on Equity-1.81%

Return on Assets-0.23%

Miscellaneous

Outstanding Shares174,575,000

Market Cap$3.51 billion

Next Earnings Date2/25/2021 (Estimated)

OptionableNot Optionable

$20.09

+0.33 (+1.67 %)

(As of 12/1/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Innergex Renewable Energy (OTCMKTS:INGXF) Frequently Asked Questions

How has Innergex Renewable Energy's stock 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 54.5% and is now trading at $20.09.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Innergex Renewable Energy?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Innergex Renewable Energy in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Innergex Renewable Energy or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Innergex Renewable Energy?

Wall Street analysts have given Innergex Renewable Energy a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Innergex Renewable Energy wasn't one of them. MarketBeat thinks these five stocks 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 Thursday, February 25th 2021.
View our earnings forecast for Innergex Renewable Energy.

How were Innergex Renewable Energy's earnings last quarter?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) announced its earnings results on Tuesday, May, 9th. The company reported ($0.05) earnings per share for the quarter. The company earned $56.30 million during the quarter. Innergex Renewable Energy had a negative net margin of 16.28% and a negative return on equity of 1.81%.
View Innergex Renewable Energy's earnings history.

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 given a dividend of $0.135 per share on Friday, January 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, December 30th. This is a boost from Innergex Renewable Energy's previous quarterly dividend of $0.13.
View Innergex Renewable Energy's dividend history.

What price target have analysts set for INGXF?

6 Wall Street analysts have issued 1-year price objectives for Innergex Renewable Energy's stock. Their forecasts range from $23.00 to $28.00. On average, they anticipate Innergex Renewable Energy's stock price to reach $25.38 in the next twelve months. This suggests a possible upside of 26.3% from the stock's current price.
View analysts' price targets for Innergex Renewable Energy.

Are investors shorting Innergex Renewable Energy?

Innergex Renewable Energy saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 915,800 shares, a decrease of 19.2% from the October 31st total of 1,134,100 shares. Based on an average daily volume of 3,000 shares, the short-interest ratio is presently 305.3 days.
View Innergex Renewable Energy's Short Interest.

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

Some companies that are related to Innergex Renewable Energy include Alliant Energy (LNT), Alliant Energy (LNT), Evergy (EVRG), NiSource (NI), United Utilities Group (UUGRY), Sunnova Energy International (NOVA), ALLETE (ALE), NorthWestern (NWE), NorthWestern (NWE), Avista (AVA), Unitil (UTL), Spark Energy (SPKE), Genie Energy (GNE), VivoPower International (VVPR) and EuroSite Power (EUSP).
View all competitors.

Who are Innergex Renewable Energy's key executives?

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

Mr. Michel Letellier M.B.A., MBA, Pres, CEO & Director (Age 55)
Mr. Jean-FranÃ§ois Neault C.M.A., CPA, M.B.A., CPA, CMA, MBA, CA, Chief Financial Officer
Mr. Peter Grover Eng., Sr. VP of Operations
Mr. Jean Trudel M.B.A., MBA, Chief Investment & Devel. Officer
Ms. Karine Vachon, Sr. Director Â Communications
Mr. Yves Baribeault Eng., L.L.B., M.B.A., LL.B., MBA, VP of Legal Affairs & Sec.
Ms. Alexandra Boislard Pepin, VP Â HR
Mr. Richard Blanchet P.Eng., M.Sc., Sr. VP of Hydro & Special Projects

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Innergex Renewable Energy's stock price today?

One share of INGXF stock can currently be purchased for approximately $20.09.

How big of a company is Innergex Renewable Energy?

Innergex Renewable Energy has a market capitalization of $3.51 billion and generates $419.79 million in revenue each year. Innergex Renewable Energy employs 327 workers across the globe.

What is Innergex Renewable Energy's official website?

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

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 45-0928-2550 or via email at [email protected]

This page was last updated on 12/1/2020 by MarketBeat.com Staff

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