Innergex Renewable Energy Stock Price, News & Analysis (TSE:INE) C$9.63 +0.02 (+0.21%) (As of 12/1/2023 ET) Add Compare Share Share Today's RangeC$9.50▼C$9.7350-Day RangeC$8.54▼C$11.9452-Week RangeC$8.51▼C$18.05Volume661,258 shsAverage Volume441,461 shsMarket CapitalizationC$1.97 billionP/E RatioN/ADividend Yield7.48%Price TargetC$15.28 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Innergex Renewable Energy MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside58.6% UpsideC$15.28 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring SharesC$29,947 Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.36 out of 5 stars 4.4 Analyst's Opinion Consensus RatingInnergex Renewable Energy has received a consensus rating of Moderate 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/DownsideAccording to analysts' consensus price target of C$15.28, Innergex Renewable Energy has a forecasted upside of 58.6% from its current price of C$9.63.Amount of Analyst CoverageInnergex Renewable Energy has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for INE. Previous Next 1.7 Dividend Strength Dividend LeadershipInnergex Renewable Energy is a leading dividend payer. It pays a dividend yield of 7.77%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthInnergex Renewable Energy does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for INE. Previous Next 0.0 News and Social Media Coverage Search InterestOnly 1 people have searched for INE on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Innergex Renewable Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Innergex Renewable Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$29,947.00 in company stock and sold C$0.00 in company stock.Percentage Held by Insiders24.05% of the stock of Innergex Renewable Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions42.40% of the stock of Innergex Renewable Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Innergex Renewable Energy is -56.65, 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. SectorThe P/E ratio of Innergex Renewable Energy is -56.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioInnergex Renewable Energy has a PEG Ratio of 20.61. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioInnergex Renewable Energy has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Innergex Renewable Energy Stock (TSE:INE)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. It owns and operates 84 facilities with a net installed capacity of 4,184 megawatts, which include 40 hydroelectric facilities, 35 wind facilities, and 8 solar farms. Innergex Renewable Energy Inc. is headquartered in Longueuil, Canada.Read More INE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart INE Stock News HeadlinesNovember 22, 2023 | americanbankingnews.comInnergex Renewable Energy Inc. (TSE:INE) Given Average Rating of "Moderate Buy" by AnalystsNovember 8, 2023 | finance.yahoo.comINNERGEX Q3 2023 BATTERY STORAGE FACILITY COMMISSIONED AND TWO FUNDING INITIATIVES COMPLETEDDecember 2, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.November 7, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Pref Ser A up on Tuesday (INE-PR-A)November 2, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Inc Pref Ser C down on Wednesday (INE-PR-C)October 30, 2023 | finance.yahoo.comInnergex Announces the Commissioning of the Salvador Battery Facility in ChileOctober 26, 2023 | finance.yahoo.comInnergex Completes its Partnership with Crédit Agricole Assurances in FranceOctober 23, 2023 | ca.finance.yahoo.comShould You Buy Innergex Renewable Stock for its 8.3% Dividend Yield?December 2, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.October 23, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy 4.75 Pct Debs flat on Friday (INE-DB-B)October 22, 2023 | finance.yahoo.comInnergex Renewable Energy (TSE:INE investor three-year losses grow to 61% as the stock sheds CA$192m this past weekOctober 19, 2023 | msn.comMy 2 Favourite Passive-Income Stocks for October 2023October 19, 2023 | markets.businessinsider.comCIBC Keeps Their Hold Rating on Innergex Renewable Energy (INE)October 19, 2023 | finance.yahoo.comInnergex Achieves Tax Equity Commitment Close for the Boswell Springs Wind ProjectOctober 18, 2023 | markets.businessinsider.comInnergex Renewable Energy (INE) Receives a Buy from TD SecuritiesOctober 18, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy 4.75 Pct Debs flat on Tuesday (INE-DB-B)October 18, 2023 | theglobeandmail.comInnergex Renewable Energy: Top 10 Undervalued Utilities Sector Stocks on TSX (INE)October 16, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Pref Ser A flat on Friday (INE-PR-A)October 13, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy 4.65 Pct Debs flat on Wednesday (INE-DB-C)October 2, 2023 | markets.businessinsider.comCanadian Stocks Down Sharply On Weak Data, Commodity PricesSeptember 28, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy 4.65 Pct Debs flat on Monday (INE-DB-C)September 27, 2023 | finance.yahoo.comINNERGEX'S 2023 THIRD QUARTER RESULTS CONFERENCE CALL AND WEBCASTSeptember 24, 2023 | seekingalpha.comINE.PR.C:CA Innergex Renewable Energy Inc. PREF SER CSeptember 16, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Inc Pref Ser C down on Friday (INE-PR-C)September 15, 2023 | seekingalpha.comINE.PR.A:CA Innergex Renewable Energy Inc. CV PFD SER ASeptember 14, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy 4.65 Pct Debs up on Wednesday (INE-DB-C)September 8, 2023 | markets.businessinsider.comBMO Capital Thinks Innergex Renewable Energy’s Stock is Going to RecoverSee More Headlines Receive INE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Innergex Renewable Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 10/16 Dividend9/28/2023Dividend Payable10/16/2023Last Earnings11/08/2023Today12/02/2023Ex-Dividend for 1/15 Dividend12/28/2023Dividend Payable1/15/2024Next Earnings (Estimated)2/28/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Utilities - Renewable Sub-IndustryN/A SectorUtilities Current SymbolTSE:INE CUSIPN/A CIKN/A Webwww.innergex.com Phone+1-450-9282550FaxN/AEmployees538Year FoundedN/APrice Target and Rating Average Stock Price TargetC$15.28 High Stock Price TargetC$19.50 Low Stock Price TargetC$12.00 Potential Upside/Downside+58.6%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)C($0.17) Trailing P/E RatioN/A Forward P/E Ratio30.12 P/E Growth20.61Net IncomeC$-35,450,000.00 Net Margins-3.19% Pretax MarginN/A Return on Equity-2.39% Return on Assets1.51% Debt Debt-to-Equity Ratio440.26 Current Ratio0.96 Quick Ratio0.58 Sales & Book Value Annual SalesC$935.53 million Price / Sales2.10 Cash FlowC$0.60 per share Price / Cash Flow16.11 Book ValueC$5.50 per share Price / Book1.75Miscellaneous Outstanding Shares204,320,000Free FloatN/AMarket CapC$1.97 billion OptionableNot Optionable Beta0.40 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. Michel Letellier MBA (Age 58)President, CEO & Director Comp: $1.39MMr. Jean Trudel M.B.A.Chief Financial OfficerMr. Yves Baribeault Eng.L.L.B., M.B.A., Chief Legal Officer & SecretaryMs. Alexandra Boislard Pepin M.B.A.Chief Human Resources OfficerMs. Pascale Tremblay Eng.ING, M.Sc., Chief Asset OfficerMr. Niko Nikolaidis M.B.A.M.Sc., Vice President of Investments & FinancingKristine LabrunyeHead of Investor RelationsMs. Karine VachonSenior Director CommunicationsMr. Guillaume JumelVP & MD of FranceMr. Jaime PinoVP & MD of ChileMore ExecutivesKey CompetitorsBoralexTSE:BLXTransAlta RenewablesTSE:RNWNorthland PowerTSE:NPIAlgonquin Power & UtilitiesTSE:AQNBrookfield RenewableTSE:BEPCView All CompetitorsInsidersRichard GagnonBought 3,320 shares on 11/13/2023Total: C$29,947.06 ($9.02/share)Pascale TremblayBought 50 shares on 8/17/2023Total: C$644.00 ($12.88/share)View All Insider Transactions INE Stock Analysis - 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 "moderate buy" INE shares. View INE analyst ratings or view top-rated stocks. What is Innergex Renewable Energy's stock price target for 2024? 7 Wall Street analysts have issued 12 month target prices for Innergex Renewable Energy's stock. Their INE share price targets range from C$12.00 to C$19.50. On average, they anticipate the company's share price to reach C$15.28 in the next year. This suggests a possible upside of 58.6% from the stock's current price. View analysts price targets for INE or view top-rated stocks among Wall Street analysts. How have INE shares performed in 2023? Innergex Renewable Energy's stock was trading at C$16.20 at the beginning of the year. Since then, INE shares have decreased by 40.6% and is now trading at C$9.63. View the best growth stocks for 2023 here. When is Innergex Renewable Energy's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024. View our INE earnings forecast. How were Innergex Renewable Energy's earnings last quarter? Innergex Renewable Energy Inc. (TSE:INE) released its earnings results on Wednesday, November, 8th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by $0.03. The business earned $277.06 million during the quarter, compared to the consensus estimate of $261.30 million. Innergex Renewable Energy had a negative trailing twelve-month return on equity of 2.39% and a negative net margin of 3.19%. How often does Innergex Renewable Energy pay dividends? What is the dividend yield for Innergex Renewable Energy? Innergex Renewable Energy announced a quarterly dividend on Wednesday, November 8th. Stockholders of record on Friday, December 29th will be given a dividend of 0.18 per share on Monday, January 15th. This represents a $0.72 annualized dividend and a yield of 7.48%. The ex-dividend date is Thursday, December 28th. Read our dividend analysis for INE. Is Innergex Renewable Energy a good dividend stock? Innergex Renewable Energy (TSE:INE) pays an annual dividend of C$0.72 per share and currently has a dividend yield of 7.77%. INE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for INE. What other stocks do shareholders of Innergex Renewable Energy own? Based on aggregate information from My MarketBeat watchlists, some companies that other Innergex Renewable Energy investors own include Bank of Nova Scotia (BNS), Enbridge (ENB), Pembina Pipeline (PPL), Royal Bank of Canada (RY), Algonquin Power & Utilities (AQN), Bombardier, Inc. Class B (BBD.B), Enterprise Products Partners (EPD), Power Co. of Canada (POW), Toronto-Dominion Bank (TD) and TFI International (TFII). 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.Compare Top Brokerages Here. This page (TSE:INE) was last updated on 12/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Innergex Renewable Energy Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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