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

C$9.58
-0.05 (-0.52%)
(As of 01:45 PM ET)
Compare
Today's Range
C$9.50
C$9.75
50-Day Range
C$8.54
C$11.94
52-Week Range
C$8.51
C$18.05
Volume
268,955 shs
Average Volume
440,674 shs
Market Capitalization
C$1.96 billion
P/E Ratio
N/A
Dividend Yield
7.52%
Price Target
C$15.28

Innergex Renewable Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
60.6% Upside
C$15.28 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
C$29,947 Bought Last Quarter
Proj. Earnings Growth
N/A

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


INE stock logo

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.

INE Stock Price History

INE Stock News Headlines

Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
CIBC Keeps Their Hold Rating on Innergex Renewable Energy (INE)
Innergex Renewable Energy (INE) Receives a Buy from TD Securities
Canadian Stocks Down Sharply On Weak Data, Commodity Prices
INE.PR.C:CA Innergex Renewable Energy Inc. PREF SER C
INE.PR.A:CA Innergex Renewable Energy Inc. CV PFD SER A
See More Headlines
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Company Calendar

Ex-Dividend for 10/16 Dividend
9/28/2023
Dividend Payable
10/16/2023
Last Earnings
11/08/2023
Today
12/04/2023
Ex-Dividend for 1/15 Dividend
12/28/2023
Dividend Payable
1/15/2024
Next Earnings (Estimated)
2/28/2024

Industry, Sector and Symbol

Industry
Utilities - Renewable
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
538
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$15.28
High Stock Price Target
C$19.50
Low Stock Price Target
C$12.00
Potential Upside/Downside
+59.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
C$-35,450,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$935.53 million
Cash Flow
C$0.59 per share
Book Value
C$5.50 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.95 billion
Optionable
Not Optionable
Beta
0.40
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Key Executives

  • Mr. Michel Letellier MBA (Age 58)
    President, CEO & Director
    Comp: $1.39M
  • 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
  • Kristine Labrunye
    Head of Investor Relations
  • Ms. Karine Vachon
    Senior Director – Communications
  • Mr. Guillaume Jumel
    VP & MD of France
  • Mr. Jaime Pino
    VP & MD of Chile














INE Stock Analysis - Frequently Asked Questions

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

7 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 5 buy ratings for the stock. The consensus among Wall Street equities 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 equities research 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 stock price to reach C$15.28 in the next twelve months. This suggests a possible upside of 60.6% 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 41.3% and is now trading at C$9.51.
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 EPS for the quarter, missing the consensus estimate of $0.06 by $0.03. The business earned $277.06 million during the quarter, compared to analyst estimates 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. Shareholders of record on Friday, December 29th will be paid a dividend of 0.18 per share on Monday, January 15th. This represents a $0.72 annualized dividend and a yield of 7.57%. The ex-dividend date of this dividend 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 7.48%. 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?
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 12/4/2023 by MarketBeat.com Staff

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