OTCMKTS:INGXF

Innergex Renewable Energy Stock Forecast, Price & News

$17.78

+0.32 (+1.83 %)

(As of 06/22/2021 03:40 PM ET)

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Today's Range

$17.48

▼

$17.78

50-Day Range

$15.48

▼

$18.70

52-Week Range

$13.46

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$25.50

Volume2,425 shs

Average Volume5,144 shs

Market Capitalization$3.10 billion

P/E RatioN/A

Dividend Yield2.35%

Beta0.39

30 days | 90 days | 365 days | Advanced Chart

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About Innergex Renewable Energy

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 Generation, Wind Power Generation, and Solar Power Generation. As of February 25, 2021, it owned and operated 75 facilities with a net installed capacity of 2,742 megawatts, which included 37 hydroelectric facilities, 32 wind farms, and six solar farms; and had interests in 10 projects under development, as well as prospective projects at various stages of development. Innergex Renewable Energy Inc. was founded in 1990 and is headquartered in Longueuil, Canada.

Innergex Renewable Energy (OTCMKTS:INGXF) Shares Pass Above 50 Day Moving Average of $17.19
June 18, 2021 | americanbankingnews.com

Innergex Renewable Appoints Pascale Tremblay as Chief Assets Officer
June 15, 2021 | marketwatch.com

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) Given Consensus Recommendation of "Buy" by Analysts
June 10, 2021 | americanbankingnews.com

Innergex Renewable Energy (OTCMKTS:INGXF) Stock Crosses Below Fifty Day Moving Average of $17.24
June 5, 2021 | americanbankingnews.com

Innergex Q1 2021: Enhanced Support to Renewable Energy Creates Opportunities, Despite Challenging Conditions in the Past Months
May 11, 2021 | finance.yahoo.com

Innergex Renewable Energy earnings: here's what to expect
May 9, 2021 | markets.businessinsider.com

Sophie Brochu’s first goal for Hydro-Québec: Reconnect with Quebeckers
April 12, 2021 | theglobeandmail.com

Geothermal Power Market Report 2021-2031
April 12, 2021 | finance.yahoo.com

2021 First Quarter Results Conference Call and Webcast and Annual General Meeting of Shareholders
April 7, 2021 | finance.yahoo.com

Innergex Renewable Energy, Inc. to Host Earnings Call
February 26, 2021 | finance.yahoo.com

See More Headlines

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
Employees370
Year FoundedN/A

Sales & Book Value

Annual Sales$457.77 million
Price / Sales6.78
Cash Flow$1.08 per share
Price / Cash Flow16.47
Book Value$4.02 per share
Price / Book4.42

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares174,627,000
Market Cap$3.10 billion
Next Earnings Date6/29/2021 (Estimated)
OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

1.48 out of 5 stars

Utilities Sector

83rd out of 280 stocks

Electric & Other Services Combined Industry

20th out of 27 stocks

4.3 Analyst's Opinion

Consensus Rating
Innergex Renewable Energy has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $25.70, Innergex Renewable Energy has a forecasted upside of 44.5% from its current price of $17.78.
Amount of Analyst Coverage
Innergex Renewable Energy has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
Innergex Renewable Energy has received 92 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Innergex Renewable Energy has received 111 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Innergex Renewable Energy has received 54.68% “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 2.35%, 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.

0.0 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Innergex Renewable Energy is -98.78, 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 -98.78, 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 4.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Innergex Renewable Energy (OTCMKTS:INGXF) Frequently Asked Questions

Is Innergex Renewable Energy a buy right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Innergex Renewable Energy in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Innergex Renewable Energy stock.
View analyst ratings for Innergex Renewable Energy or view top-rated stocks.

What stocks does MarketBeat like better than Innergex Renewable Energy?

Wall Street analysts have given Innergex Renewable Energy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Innergex Renewable Energy wasn't one of them. MarketBeat thinks these five companies 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 Tuesday, June 29th 2021.
View our earnings forecast for Innergex Renewable Energy.

How were Innergex Renewable Energy's earnings last quarter?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) issued 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 positive trailing twelve-month return on equity of 2.50% and a negative net margin of 5.92%.
View Innergex Renewable Energy's earnings history.

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 stock has increased by 36.8% and is now trading at $17.78.
View which stocks have been most impacted by COVID-19.

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 paid a dividend of $0.135 per share on Friday, January 15th. This represents a $0.54 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Wednesday, December 30th. This is an increase from Innergex Renewable Energy's previous quarterly dividend of $0.13.
View Innergex Renewable Energy's dividend history.

Is Innergex Renewable Energy a good dividend stock?

Innergex Renewable Energy pays an annual dividend of $0.41 per share and currently has a dividend yield of 2.35%.
View Innergex Renewable Energy's dividend history.

What price target have analysts set for INGXF?

10 brokerages have issued 1-year price objectives for Innergex Renewable Energy's shares. Their forecasts range from $23.00 to $32.00. On average, they expect Innergex Renewable Energy's share price to reach $25.70 in the next year. This suggests a possible upside of 44.5% from the stock's current price.
View analysts' price targets for Innergex Renewable Energy or view top-rated stocks among Wall Street analysts.

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 56, Pay $1.21M)
Mr. Jean-Francois 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
Mr. Renaud De Batz de Trenquelleon M.B.A., P.Geo., M.Sc., MBA, Sr. VP of Latin America
Ms. Karine Vachon, Sr. Director Â Communications
Mr. Yves Baribeault Eng., L.L.B., M.B.A., LL.B., MBA, Sr. VP of Legal Affairs & Sec.
Ms. Alexandra Boislard Pepin M.B.A., VP Â HR
Mr. Richard Blanchet P.Eng., M.Sc., Sr. VP of Hydro & Special Projects
Mr. Jay Sutton P.Eng., Sr. VP of Construction & Engineering

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

Some companies that are related to Innergex Renewable Energy include NiSource (NI), United Utilities Group (UUGRY), Sunnova Energy International (NOVA), ALLETE (ALE), NorthWestern (NWE), Avista (AVA), Unitil (UTL), Spark Energy (SPKE), Genie Energy (GNE), VivoPower International (VVPR), EuroSite Power (EUSP), Endesa (ELE) and Premier Power Renewable Energy (PPRW).
View all of INGXF's competitors.

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 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 $17.78.

How much money does Innergex Renewable Energy make?

Innergex Renewable Energy has a market capitalization of $3.10 billion and generates $457.77 million in revenue each year.

How many employees does Innergex Renewable Energy have?

Innergex Renewable Energy employs 370 workers across the globe.

What is Innergex Renewable Energy's official website?

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

Where are Innergex Renewable Energy's headquarters?

Innergex Renewable Energy is headquartered at 1225 St-Charles Street West 10th floor, Longueuil A8, J4K 0B9.

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 6/23/2021 by MarketBeat.com Staff

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