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OTCMKTS:INGXF

Innergex Renewable Energy - INGXF Stock Forecast, Price & News

$12.29
-0.25 (-1.99%)
(As of 12/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$12.29
▼
$12.48
50-Day Range
$10.64
▼
$13.48
52-Week Range
$10.18
▼
$16.16
Volume
1,060 shs
Average Volume
3,627 shs
Market Capitalization
$2.51 billion
P/E Ratio
N/A
Dividend Yield
4.37%
Price Target
$20.80

Innergex Renewable Energy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
69.2% Upside
$20.80 Price Target
Short Interest
Bearish
0.85% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
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.

2.07 out of 5 stars

See Top Rated MarketRank™ Stocks Here
INGXF stock logo

About Innergex Renewable Energy (OTCMKTS:INGXF) Stock

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. As of February 23, 2022, it owned and operated 80 facilities with a net installed capacity of 3,101 megawatts, which included 40 hydroelectric facilities, 33 watersheds, 32 wind farms, and 8 solar farms; and had interests in under development and prospective projects at various stages of development. Innergex Renewable Energy Inc. was founded in 1990 and is headquartered in Longueuil, Canada.

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INGXF Stock News Headlines

December 5, 2022 | finance.yahoo.com
Innergex Renewable Energy (TSE:INE) shareholders have earned a 7.2% CAGR over the last five years
November 13, 2022 | finance.yahoo.com
When Can We Expect A Profit From Innergex Renewable Energy Inc. (TSE:INE)?
October 11, 2022 | finance.yahoo.com
2022 THIRD QUARTER RESULTS CONFERENCE CALL AND WEBCAST
October 4, 2022 | finance.yahoo.com
INNERGEX COMPLETES ITS ACQUISITION OF THE REMAINING INTERESTS IN ITS WIND PORTFOLIO IN FRANCE
September 22, 2022 | seekingalpha.com
INGXF Innergex Renewable Energy Inc.
August 4, 2022 | finance.yahoo.com
/R E P E A T -- 2022 SECOND QUARTER RESULTS CONFERENCE CALL AND WEBCAST/
August 3, 2022 | finance.yahoo.com
INNERGEX Q2 2022: ACQUISITIONS CONTINUING TO DELIVER ON PROMISES
August 2, 2022 | theglobeandmail.com
Innergex Renewable Energy Pref Ser A stock boosted on Friday.
July 22, 2022 | finance.yahoo.com
INNERGEX ANNOUNCES THE FULL COMMISSIONING OF A 9 MW / 9 MWH BATTERY STORAGE FACILITY IN FRANCE
July 4, 2022 | finance.yahoo.com
2022 SECOND QUARTER RESULTS CONFERENCE CALL AND WEBCAST
June 28, 2022 | finance.yahoo.com
Innergex Renewable Energy (TSE:INE) shareholders have earned a 12% CAGR over the last three years
June 26, 2022 | theglobeandmail.com
Innergex Renewable Energy Inc stock gained on Friday.
June 9, 2022 | finance.yahoo.com
INNERGEX BECOMES ONE OF THE LARGEST PURE PLAY RENEWABLE ENERGY PRODUCERS IN CHILE WITH THE ACQUISITION OF A CAN$861.2 MILLION WIND PORTFOLIO
June 5, 2022 | finance.yahoo.com
Analysts Expect Innergex Renewable Energy Inc. (TSE:INE) To Breakeven Soon
May 18, 2022 | finance.yahoo.com
INNERGEX ANNOUNCES THE RENEWAL OF ITS NORMAL COURSE ISSUER BID FOR ITS COMMON SHARES AND A NEW ONE FOR ITS PREFERRED SHARES
May 10, 2022 | seekingalpha.com
Innergex Renewable Energy, Inc. (INGXF) CEO Michel Letellier on Q1 2022 Results - Earnings Call Transcript
May 10, 2022 | finance.yahoo.com
Innergex To Bring 425 Megawatt-Hours Of Battery Storage To Chile
May 10, 2022 | finance.yahoo.com
Innergex Orders Mitsubishi Power Emerald Storage Solution to Bring 425 Megawatt-hours of Battery Storage to Chile
May 10, 2022 | finance.yahoo.com
INNERGEX Q1 2022: GROWTH STEMMING FROM NEW FACILITIES' CONTRIBUTION
May 10, 2022 | finance.yahoo.com
/R E P E A T -- DATE AND TIME CHANGE ADVISORY - 2022 FIRST QUARTER RESULTS CONFERENCE CALL AND WEBCAST AND ANNUAL GENERAL MEETING OF SHAREHOLDERS/
April 22, 2022 | finance.yahoo.com
DATE AND TIME CHANGE ADVISORY - 2022 FIRST QUARTER RESULTS CONFERENCE CALL AND WEBCAST AND ANNUAL GENERAL MEETING OF SHAREHOLDERS
April 14, 2022 | finance.yahoo.com
INNERGEX ANNOUNCES DEPARTURE OF CHIEF FINANCIAL OFFICER AND APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER
April 7, 2022 | finance.yahoo.com
INNERGEX'S 2021 SUSTAINABILITY REPORT: BUILDING A PATHWAY TO A GREENER FUTURE
February 25, 2022 | seekingalpha.com
Innergex Renewable Energy GAAP EPS of -C$0.02, revenue of C$202.38M
February 24, 2022 | finance.yahoo.com
/R E P E A T -- ADVISORY - INNERGEX YEAR-END 2021 RESULTS CONFERENCE CALL AND WEBCAST/
See More Headlines
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INGXF Company Calendar

Last Earnings
5/09/2017
Ex-Dividend for 10/17 Dividend
9/28/2022
Dividend Payable
10/17/2022
Today
12/07/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/21/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
OTCMKTS
Industry
Electric & other services combined
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
488
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$20.80
High Stock Price Forecast
$24.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+69.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.18)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-153,040,000.00
Net Margins
-4.55%
Pretax Margin
-2.88%
Return on Equity
-0.99%
Return on Assets
-0.17%

Debt

Debt-to-Equity Ratio
3.69
Current Ratio
0.77
Quick Ratio
0.77

Sales & Book Value

Annual Sales
$596.15 million
Price / Sales
4.21
Cash Flow
$1.01 per share
Price / Cash Flow
12.17
Book Value
$5.10 per share
Price / Book
2.41

Miscellaneous

Outstanding Shares
204,130,000
Free Float
N/A
Market Cap
$2.51 billion
Optionable
Not Optionable
Beta
0.53

Key Executives

  • Mr. Michel Letellier M.B.A. (Age 57)
    MBA, Pres, CEO & Director
    Comp: $933.17k
  • Mr. Jean Trudel M.B.A.
    MBA, Chief Financial Officer
  • Mr. Yves Baribeault Eng.
    L.L.B., M.B.A., LL.B., MBA, Chief Legal Officer & Sec.
  • Ms. Pascale Tremblay ING
    M.Sc., Chief Asset Officer
  • Mr. Niko Nikolaidis M.B.A.
    M.Sc., VP of Investments & Financing
  • Ms. Karine Vachon
    Sr. Director – Communications
  • Ms. Alexandra Boislard Pepin M.B.A.
    Chief HR Officer
  • Mr. Renaud De Batz de Trenquelleon M.B.A.
    P.Geo., M.Sc., MBA, Sr. VP of Latin America
  • Mr. Richard Blanchet P.Eng.
    M.Sc., Sr. VP of Hydro & Special Projects
  • Mr. Guillaume Jumel
    VP & MD of France

Key Competitors

View All Competitors













INGXF Stock - Frequently Asked Questions

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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innergex Renewable Energy in the last year. There are currently 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?

3 equities research analysts have issued 1-year price objectives for Innergex Renewable Energy's shares. Their INGXF share price forecasts range from $18.00 to $24.00. On average, they expect the company's stock price to reach $20.80 in the next twelve months. This suggests a possible upside of 69.2% 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 2022?

Innergex Renewable Energy's stock was trading at $14.69 at the beginning of 2022. Since then, INGXF shares have decreased by 16.3% and is now trading at $12.29.
View the best growth stocks for 2022 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 1,734,200 shares, an increase of 21.3% from the October 31st total of 1,430,100 shares. Based on an average trading volume of 7,600 shares, the short-interest ratio is presently 228.2 days.
View Innergex Renewable Energy's Short Interest.

When is Innergex Renewable Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our INGXF earnings forecast.

How were Innergex Renewable Energy's earnings last quarter?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) issued its earnings results 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 0.99% and a negative net margin of 4.55%.

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 21st. Investors of record on Thursday, September 29th will be paid a dividend of $0.1393 per share on Monday, October 17th. This represents a dividend yield of 3.86%. The ex-dividend date of this dividend is Wednesday, 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 $0.55 per share and currently has a dividend yield of 4.37%. 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 $12.29.

How much money does Innergex Renewable Energy make?

Innergex Renewable Energy (OTCMKTS:INGXF) has a market capitalization of $2.51 billion and generates $596.15 million in revenue each year. The company earns $-153,040,000.00 in net income (profit) each year or ($0.18) 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 12/7/2022 by MarketBeat.com Staff