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

Company Overview

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada's best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world. Innergex conducts operations in Canada, the United States, France and Chile and manages a large portfolio of high-quality assets. Its approach to building shareholder value is to generate sustainable cash flows, provide an attractive risk-adjusted return on invested capital and to distribute a stable dividend.

Key Stats

• Today's Range: C$13.74 to C$13.75
• 50-Day Range: C$13.70 to C$13.82
• 52-Week Range: C$6.98 to C$13.85
• Volume: 1.94 million shs
• Average Volume: 949,649 shs
• Market Capitalization: C$2.82 billion
• P/E Ratio: N/A
• Dividend Yield: 2.62%
• Price Target: C$11.59
• Consensus Rating: Hold

INE Stock Analysis - Frequently Asked Questions

How have INE shares performed this year?

Innergex Renewable Energy's stock was trading at C$8.05 on January 1st, 2025. Since then, INE shares have increased by 70.7% and is now trading at C$13.74.

How were Innergex Renewable Energy's earnings last quarter?

Innergex Renewable Energy Inc. (TSE:INE) issued its quarterly earnings results on Wednesday, November, 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. Innergex Renewable Energy had a negative trailing twelve-month return on equity of 11.87% and a negative net margin of 12.85%.
Read the conference call transcript.

How do I buy shares of Innergex Renewable Energy?

Shares of INE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What other stocks do shareholders of Innergex Renewable Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Innergex Renewable Energy investors own include Enbridge (ENB), Bank of Nova Scotia (BNS), Enterprise Products Partners (EPD), TELUS (T), PayPal (PYPL), Arista Networks (ANET) and Algonquin Power & Utilities (AQN).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 8/27/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Utilities
• Industry: Utilities - Renewable
• Sub-Industry: N/A
• Current Symbol: TSE:INE
• CIK: N/A
• Web: www.innergex.com
• Phone: +1-450-9282550
• Fax: N/A
• Employees: 602
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Innergex Renewable Energy: C$11.59
• High Price Target: C$13.75
• Low Price Target: C$9.00
• Potential Upside/Downside: -15.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): C($0.62)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 88.65
• P/E Growth: 20.61
• Net Income: -C$129.06 million
• Net Margins: -12.85%
• Pretax Margin: N/A
• Return on Equity: -11.87%
• Return on Assets: 2.25%

Debt

• Debt-to-Equity Ratio: 620.44
• Current Ratio: 0.56
• Quick Ratio: 0.58

Sales & Book Value

• Annual Sales: C$1.00 billion
• Price / Sales: 2.80
• Cash Flow: C$0.85 per share
• Price / Cash Flow: 16.11
• Book Value: C$6.95 per share
• Price / Book: 1.98

Miscellaneous

• Outstanding Shares: 205,054,274
• Free Float: N/A
• Market Cap: C$2.82 billion
• Optionable: Not Optionable
• Beta: 0.36