TSE:INE Innergex Renewable Energy (INE) Stock Forecast, Price & News C$14.00 -0.06 (-0.43%) (As of 06/1/2023 ET) Add Compare Share Share Today's RangeC$13.99▼C$14.1850-Day RangeC$12.89▼C$15.0352-Week RangeC$12.63▼C$20.46Volume551,371 shsAverage Volume438,424 shsMarket CapitalizationC$2.86 billionP/E RatioN/ADividend Yield5.14%Price TargetC$18.83 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media Innergex Renewable Energy MarketRank™ ForecastAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside34.5% UpsideC$18.83 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. 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.2.07 out of 5 stars 3.3 Analyst's Opinion Consensus RatingInnergex Renewable Energy has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$18.83, Innergex Renewable Energy has a forecasted upside of 34.5% from its current price of C$14.00.Amount of Analyst CoverageInnergex Renewable Energy has only been the subject of 1 research reports in the past 90 days. 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 5.31%, 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 2.5 News and Social Media Coverage News SentimentInnergex Renewable Energy has a news sentiment score of 0.55. 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 0.35 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 1 news article for Innergex Renewable Energy this week, compared to 3 articles on an average week.Search InterestOnly 2 people have searched for INE on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat Follows2 people have added Innergex Renewable Energy to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Innergex Renewable Energy insiders have not sold or bought any 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 Institutions42.50% 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 -42.42, 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 -42.42, 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 2.58. 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 (TSE:INE) StockInnergex 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.Read More 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 INE Stock News HeadlinesMay 29, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy 4.75 Pct Debs up on Monday (INE-DB-B)May 20, 2023 | seekingalpha.comINE:CA Innergex Renewable Energy Inc.June 2, 2023 | Vantage Point (Ad)Major Financial Crisis Could Hit AmericaSomething strange is happening in our financial system. UBS analysts predict over 50,000 retail locations may close soon. Retail giants like Walmart, Foot Locker, Bed Bath & Beyond, and Macy's are already downsizing their stores. Are you using the best technology to protect your money at all costs? May 19, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy 4.75 Pct Debs up on Thursday (INE-DB-B)May 18, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy 4.75 Pct Debs down on Tuesday (INE-DB-B)May 16, 2023 | americanbankingnews.comInnergex Renewable Energy Inc. Forecasted to Earn Q2 2023 Earnings of $0.15 Per Share (TSE:INE)May 14, 2023 | americanbankingnews.comFY2023 Earnings Estimate for Innergex Renewable Energy Inc. (TSE:INE) Issued By Raymond JamesMay 12, 2023 | americanbankingnews.comInnergex Renewable Energy (TSE:INE) Sets New 12-Month Low at $12.91June 2, 2023 | Vantage Point (Ad)Major Financial Crisis Could Hit AmericaSomething strange is happening in our financial system. UBS analysts predict over 50,000 retail locations may close soon. Retail giants like Walmart, Foot Locker, Bed Bath & Beyond, and Macy's are already downsizing their stores. Are you using the best technology to protect your money at all costs? May 11, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Inc down on Wednesday (INE)May 11, 2023 | marketwatch.com2030, Renewable Energy Market Growth | Future Prospects and Competitive AnalysisMay 11, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Pref Ser A up on Wednesday (INE-PR-A)May 10, 2023 | finance.yahoo.com/R E P E A T -- INNERGEX'S 2023 FIRST QUARTER RESULTS CONFERENCE CALL AND WEBCAST AND ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS/May 10, 2023 | americanbankingnews.comResearch Analysts Offer Predictions for Innergex Renewable Energy Inc.'s Q1 2023 Earnings (TSE:INE)May 9, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy 4.65 Pct Debs up on Monday (INE-DB-C)May 9, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy 4.75 Pct Debs flat on Monday (INE-DB-B)May 5, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy 4.65 Pct Debs down on Friday (INE-DB-C)May 4, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Inc Pref Ser C flat on Wednesday (INE-PR-C)May 3, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy 4.75 Pct Debs down on Monday (INE-DB-B)May 3, 2023 | americanbankingnews.comNational Bank Financial Brokers Cut Earnings Estimates for Innergex Renewable Energy Inc. (TSE:INE)May 2, 2023 | americanbankingnews.comInnergex Renewable Energy Inc. (TSE:INE) Receives C$19.35 Consensus Target Price from AnalystsApril 30, 2023 | americanbankingnews.comInnergex Renewable Energy Inc. (TSE:INE) to Post Q1 2023 Earnings of $0.04 Per Share, Raymond James ForecastsApril 29, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Inc Pref Ser C flat on Friday (INE-PR-C)April 29, 2023 | americanbankingnews.comInnergex Renewable Energy Inc. (TSE:INE) Forecasted to Post Q3 2023 Earnings of $0.18 Per ShareApril 28, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Inc up on Friday (INE)April 28, 2023 | theglobeandmail.comClosing Bell: Innergex Renewable Energy Inc Pref Ser C up on Thursday (INE-PR-C)April 28, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for Innergex Renewable Energy Inc. Raised by National Bank Financial (TSE:INE)See More Headlines INE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart INE Company Calendar Ex-Dividend for 4/17 Dividend3/30/2023Dividend Payable4/17/2023Today6/01/2023Ex-Dividend for 7/17 Dividend6/29/2023Dividend Payable7/17/2023Next Earnings (Estimated)8/02/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Utilities - Independent Power Producers Sub-IndustryN/A SectorUtilities Current SymbolTSE:INE CUSIPN/A CIKN/A Webwww.innergex.com Phone+1-450-9282550FaxN/AEmployees488Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$18.83 High Stock Price ForecastC$22.00 Low Stock Price ForecastC$17.00 Forecasted Upside/Downside+34.5%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)C($0.33) Trailing P/E RatioN/A Forward P/E Ratio51.54 P/E Growth20.61Net IncomeC$-67,190,000.00 Net Margins-6.99% Pretax MarginN/A Return on Equity-4.72% Return on Assets1.72% Debt Debt-to-Equity Ratio432.38 Current Ratio0.97 Quick Ratio0.58 Sales & Book Value Annual SalesC$881.05 million Price / Sales3.25 Cash FlowC$0.87 per share Price / Cash Flow16.11 Book ValueC$5.43 per share Price / Book2.58Miscellaneous Outstanding Shares204,220,000Free FloatN/AMarket CapC$2.86 billion OptionableNot Optionable Beta0.34 Key ExecutivesMr. Michel Letellier M.B.A. (Age 58)MBA, Pres, CEO & Director Comp: $1.24MMr. Jean Trudel M.B.A.MBA, Chief Financial OfficerMr. Yves Baribeault Eng.L.L.B., M.B.A., LL.B., MBA, Chief Legal Officer & Sec.Ms. Pascale Tremblay INGM.Sc., Chief Asset OfficerMr. Niko Nikolaidis M.B.A.M.Sc., VP of Investments & FinancingMs. Karine VachonSr. Director CommunicationsMs. Alexandra Boislard Pepin M.B.A.Chief HR OfficerMr. Renaud De Batz de Trenquelleon M.B.A.P.Geo., M.Sc., MBA, Sr. VP of Latin AmericaMr. Richard Blanchet P.Eng.M.Sc., Sr. VP of Hydro & Special ProjectsMr. Guillaume JumelVP & MD of FranceMore ExecutivesKey CompetitorsTransAlta RenewablesTSE:RNWTransAltaTSE:TABoralexTSE:BLXNorthland PowerTSE:NPIAlgonquin Power & UtilitiesTSE:AQNView All Competitors INE Stock - Frequently Asked Questions Should I buy or sell Innergex Renewable Energy stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Innergex Renewable Energy in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" INE shares. View INE analyst ratings or view top-rated stocks. What is Innergex Renewable Energy's stock price forecast for 2023? 5 equities research analysts have issued twelve-month price objectives for Innergex Renewable Energy's shares. Their INE share price forecasts range from C$17.00 to C$22.00. On average, they predict the company's stock price to reach C$18.83 in the next twelve months. This suggests a possible upside of 34.5% 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 stock has decreased by 13.6% and is now trading at C$14.00. 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, August 2nd 2023. View our INE earnings forecast. 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, May 9th. Stockholders of record on Friday, June 30th will be given a dividend of 0.18 per share on Monday, July 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Thursday, June 29th. 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 5.31%. 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). What is Innergex Renewable Energy's stock symbol? Innergex Renewable Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "INE." 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. What is Innergex Renewable Energy's stock price today? One share of INE stock can currently be purchased for approximately C$14.00. How much money does Innergex Renewable Energy make? Innergex Renewable Energy (TSE:INE) has a market capitalization of C$2.86 billion and generates C$881.05 million in revenue each year. The company earns C$-67,190,000.00 in net income (profit) each year or C($0.33) 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 East Tower 1111 Saint-Charles St W Suite 1255, LONGUEUIL, QC J4K 5G4, Canada. The official website for the company is www.innergex.com. The company can be reached via phone at +1-450-9282550. This page (TSE:INE) was last updated on 6/2/2023 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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