OTCMKTS:INGXF

Innergex Renewable Energy - INGXF Stock Forecast, Price & News

$15.07

-0.26 (-1.70%)

(As of 08/15/2022 12:00 AM ET)

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Today's Range: $15.07
▼
$15.15
50-Day Range: $13.10
▼
$15.33
52-Week Range: $12.26
▼
$17.80

Volume: 16,865 shs
Average Volume: 3,704 shs
Market Capitalization: $3.08 billion

P/E Ratio: N/A
Dividend Yield: 3.72%
Price Target: $22.39

Innergex Renewable Energy MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 48.6% Upside
$22.39 Price Target
Short Interest: Healthy
0.70% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.04
Based on 4 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.

2.19 out of 5 stars

3.4

Analyst's Opinion

Consensus Rating
Innergex Renewable Energy has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.39, Innergex Renewable Energy has a forecasted upside of 48.6% from its current price of $15.07.
Amount of Analyst Coverage
Innergex Renewable Energy has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.70% 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 366.6, which indicates bearish sentiment.
Change versus previous month
Short interest in Innergex Renewable Energy has recently decreased by 24.92%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
Innergex Renewable Energy is a leading dividend payer. It pays a dividend yield of 3.72%, 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.

2.8

News and Social Media Coverage

News Sentiment
Innergex Renewable Energy has a news sentiment score of 1.04. 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 higher news sentiment than the 0.32 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Innergex Renewable Energy this week, compared to 0 articles on an average week.

N/A

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 -44.32, 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 -44.32, 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 2.95. 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 (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

August 15, 2022 | americanbankingnews.com

Critical Survey: Via Renewables (NASDAQ:VIA) & Innergex Renewable Energy (OTCMKTS:INGXF)

August 5, 2022 | americanbankingnews.com

Innergex Renewable Energy (OTCMKTS:INGXF) Share Price Crosses Above 50 Day Moving Average of $13.97

August 15, 2022 | Oxford Club (Ad)

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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 31, 2022 | americanbankingnews.com

Innergex Renewable Energy (OTCMKTS:INGXF) Price Target Increased to C$24.00 by Analysts at National Bank Financial

July 22, 2022 | finance.yahoo.com

INNERGEX ANNOUNCES THE FULL COMMISSIONING OF A 9 MW / 9 MWH BATTERY STORAGE FACILITY IN FRANCE

August 15, 2022 | Oxford Club (Ad)

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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/

February 23, 2022 | apnews.com

Innergex: Q4 Earnings Snapshot

February 23, 2022 | finance.yahoo.com

INNERGEX Q4 2021: ACQUISITIONS AND NEW PROJECTS LEADING OPERATIONAL RESULTS GROWTH

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INGXF Company Calendar

Last Earnings: 5/09/2017
Ex-Dividend for 7/15 Dividend: 6/29/2022
Dividend Payable: 7/15/2022
Today: 8/15/2022
Fiscal Year End: 12/31/2022

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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: $22.39
High Stock Price Forecast: $24.00
Low Stock Price Forecast: $20.00
Forecasted Upside/Downside: +48.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.34)
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: -9.83%
Pretax Margin: 0.88%
Return on Equity: -0.16%
Return on Assets: -0.03%

Debt

Debt-to-Equity Ratio: 3.03
Current Ratio: 0.59
Quick Ratio: 0.59

Sales & Book Value

Annual Sales: $596.15 million
Price / Sales: 5.16
Cash Flow: $1.01 per share
Price / Cash Flow: 14.87
Book Value: $5.10 per share
Price / Book: 2.95

Miscellaneous

Outstanding Shares: 204,117,000
Free Float: N/A
Market Cap: $3.08 billion
Optionable: Not Optionable
Beta: 0.51

Key Executives

Mr. Michel Letellier M.B.A. (Age 57)
MBA, Pres, CEO & Director
Comp: $958.77k
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?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Innergex Renewable Energy in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 2022?: 7 brokerages have issued 1 year price targets for Innergex Renewable Energy's shares. Their INGXF share price forecasts range from $20.00 to $24.00. On average, they expect the company's share price to reach $22.39 in the next twelve months. This suggests a possible upside of 46.1% 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 on January 1st, 2022. Since then, INGXF shares have increased by 4.4% and is now trading at $15.33.
View the best growth stocks for 2022 here.
Are investors shorting Innergex Renewable Energy?: Innergex Renewable Energy saw a decline in short interest in July. As of July 31st, there was short interest totaling 1,429,600 shares, a decline of 24.9% from the July 15th total of 1,904,200 shares. Based on an average daily trading volume, of 3,900 shares, the short-interest ratio is currently 366.6 days.
View Innergex Renewable Energy's Short Interest.
How were Innergex Renewable Energy's earnings last quarter?: Innergex Renewable Energy Inc. (OTCMKTS:INGXF) released its quarterly earnings results on Tuesday, May, 9th. The company reported ($0.05) EPS for the quarter. The firm earned $56.30 million during the quarter. Innergex Renewable Energy had a negative trailing twelve-month return on equity of 0.16% and a negative net margin of 9.83%.
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, June 22nd. Shareholders of record on Thursday, June 30th will be given a dividend of $0.1383 per share on Friday, July 15th. This represents a yield of 4.12%. The ex-dividend date is Wednesday, June 29th.
Read our dividend analysis for INGXF.

Is Innergex Renewable Energy a good dividend stock?: Innergex Renewable Energy (OTCMKTS:INGXF) pays an annual dividend of $0.57 per share and currently has a dividend yield of 3.72%.
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 $15.33.
How much money does Innergex Renewable Energy make?: Innergex Renewable Energy (OTCMKTS:INGXF) has a market capitalization of $3.13 billion and generates $596.15 million in revenue each year. The company earns $-153,040,000.00 in net income (profit) each year or ($0.34) 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 8/15/2022 by MarketBeat.com Staff

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Innergex Renewable Energy - INGXF Stock Forecast, Price & News

Innergex Renewable Energy MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Innergex Renewable Energy (OTCMKTS:INGXF) Stock

INGXF Stock News Headlines

INGXF Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

INGXF Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™