OTCMKTS:INGXF

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

$5.95
+0.06 (+1.02%)
(As of 04/23/2024 ET)
Today's Range
$5.95
$5.95
50-Day Range
$5.26
$6.44
52-Week Range
$5.26
$10.60
Volume
329 shs
Average Volume
32,781 shs
Market Capitalization
$1.21 billion
P/E Ratio
N/A
Dividend Yield
8.91%
Price Target
$25.60

Innergex Renewable Energy MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
330.3% Upside
$25.60 Price Target
Short Interest
Bearish
0.81% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.27mentions of Innergex Renewable Energy in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.26 out of 5 stars

INGXF stock logo

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 renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation. As of February 21, 2024, it owned and operated 87 facilities with a net installed capacity of 3,600 megawatts, including 41 hydroelectric facilities, 35 wind facilities, 9 solar facilities, and 2 battery energy storage facilities. The company is headquartered in Longueuil, Canada.

INGXF Stock Price History

INGXF Stock News Headlines

Innergex Renewable Energy Inc (INE-PC.TO)
A new way to collect income from stocks
Most people think of BUYING options when they talk about options. It’s how speculators leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time. The problem is - they don’t always pay off when you buy them. In fact, a contributing writer at the Financial Post studied options extensively…
Innergex: The Path Is Right, Yet Still Some Shadows
A new way to collect income from stocks
Most people think of BUYING options when they talk about options. It’s how speculators leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time. The problem is - they don’t always pay off when you buy them. In fact, a contributing writer at the Financial Post studied options extensively…
Innergex Renewable Energy price target lowered by C$0.50 at CIBC
Innergex Renewable Energy Inc INE
CIBC Sticks to Their Hold Rating for Innergex Renewable Energy (INE)
INE_pc Cash Flow Statement
INNERGEX Q2 2023
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric & other services combined
Sub-Industry
N/A
Current Symbol
OTCMKTS:INGXF
CIK
N/A
Employees
602
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$25.60
High Stock Price Target
$32.00
Low Stock Price Target
$23.00
Potential Upside/Downside
+330.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-72,930,000.00
Pretax Margin
-14.66%

Debt

Sales & Book Value

Annual Sales
$771.53 million
Cash Flow
$1.33 per share
Book Value
$3.89 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.21 billion
Optionable
Not Optionable
Beta
0.56
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Key Executives

  • Mr. Michel Letellier MBA (Age 59)
    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
  • Mr. Naji Baydoun C.F.A.
    Director of Investor Relations
  • Ms. Karine Vachon
    Senior Director – Communications
  • Mr. Guillaume Jumel
    VP & MD of France
  • Mr. Jaime Pino
    VP & MD of Chile

INGXF Stock Analysis - Frequently Asked Questions

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

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innergex Renewable Energy in the last year. There are currently 1 buy rating 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 target for 2024?

1 analysts have issued twelve-month target prices for Innergex Renewable Energy's shares. Their INGXF share price targets range from $23.00 to $32.00. On average, they anticipate the company's share price to reach $25.60 in the next year. This suggests a possible upside of 330.3% 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 2024?

Innergex Renewable Energy's stock was trading at $6.97 on January 1st, 2024. Since then, INGXF stock has decreased by 14.6% and is now trading at $5.95.
View the best growth stocks for 2024 here
.

How were Innergex Renewable Energy's earnings last quarter?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) posted its quarterly earnings data on Wednesday, February, 21st. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $192.12 million for the quarter. Innergex Renewable Energy had a negative trailing twelve-month return on equity of 0.10% and a negative net margin of 10.43%.

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

Innergex Renewable Energy announced a dividend on Thursday, March 21st. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.0666 per share on Monday, April 15th. This represents a yield of 4.52%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for INGXF
.

Is Innergex Renewable Energy a good dividend stock?

Innergex Renewable Energy (OTCMKTS:INGXF) pays an annual dividend of $0.53 per share and currently has a dividend yield of 9.12%. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:INGXF) was last updated on 4/24/2024 by MarketBeat.com Staff

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