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S&P 500   4,221.02
DOW   33,061.57
QQQ   352.01
Is This The Collapse of Icahn Enterprises ?
This NASDAQ Stock Is The Amazon Of Medical Supply (Ad)
20 Best Healthcare Dividend Stocks to Invest in
Money stored in Venmo and other payment apps could be vulnerable, financial watchdog warns
This NASDAQ Stock Is The Amazon Of Medical Supply (Ad)
Nordstrom's Earnings Beat, A Rally In The Making
Elliott Management Says Goodyear Tire Worth At Least $21 a Share
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
What Does the Airbnb Guidance Drop Say About Travel Demand?
Europe sees inflation drop to 6.1%, but real relief for consumers will take months
S&P 500   4,221.02
DOW   33,061.57
QQQ   352.01
Is This The Collapse of Icahn Enterprises ?
This NASDAQ Stock Is The Amazon Of Medical Supply (Ad)
20 Best Healthcare Dividend Stocks to Invest in
Money stored in Venmo and other payment apps could be vulnerable, financial watchdog warns
This NASDAQ Stock Is The Amazon Of Medical Supply (Ad)
Nordstrom's Earnings Beat, A Rally In The Making
Elliott Management Says Goodyear Tire Worth At Least $21 a Share
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
What Does the Airbnb Guidance Drop Say About Travel Demand?
Europe sees inflation drop to 6.1%, but real relief for consumers will take months
S&P 500   4,221.02
DOW   33,061.57
QQQ   352.01
Is This The Collapse of Icahn Enterprises ?
This NASDAQ Stock Is The Amazon Of Medical Supply (Ad)
20 Best Healthcare Dividend Stocks to Invest in
Money stored in Venmo and other payment apps could be vulnerable, financial watchdog warns
This NASDAQ Stock Is The Amazon Of Medical Supply (Ad)
Nordstrom's Earnings Beat, A Rally In The Making
Elliott Management Says Goodyear Tire Worth At Least $21 a Share
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
What Does the Airbnb Guidance Drop Say About Travel Demand?
Europe sees inflation drop to 6.1%, but real relief for consumers will take months
TSE:INE

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

C$14.00
-0.06 (-0.43%)
(As of 06/1/2023 ET)
Compare
Today's Range
C$13.99
▼
C$14.18
50-Day Range
C$12.89
▼
C$15.03
52-Week Range
C$12.63
▼
C$20.46
Volume
551,371 shs
Average Volume
438,424 shs
Market Capitalization
C$2.86 billion
P/E Ratio
N/A
Dividend Yield
5.14%
Price Target
C$18.83
ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media

Innergex Renewable Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
34.5% Upside
C$18.83 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
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.

2.07 out of 5 stars

See Top Rated MarketRank™ Stocks Here

INE stock logo

About Innergex Renewable Energy (TSE:INE) Stock

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. 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.

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INE Stock News Headlines

May 29, 2023 | theglobeandmail.com
Closing Bell: Innergex Renewable Energy 4.75 Pct Debs up on Monday (INE-DB-B)
May 20, 2023 | seekingalpha.com
INE:CA Innergex Renewable Energy Inc.
June 2, 2023 | Vantage Point (Ad)
Major Financial Crisis Could Hit America
Something 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.com
Closing Bell: Innergex Renewable Energy 4.75 Pct Debs up on Thursday (INE-DB-B)
May 18, 2023 | theglobeandmail.com
Closing Bell: Innergex Renewable Energy 4.75 Pct Debs down on Tuesday (INE-DB-B)
May 16, 2023 | americanbankingnews.com
Innergex Renewable Energy Inc. Forecasted to Earn Q2 2023 Earnings of $0.15 Per Share (TSE:INE)
May 14, 2023 | americanbankingnews.com
FY2023 Earnings Estimate for Innergex Renewable Energy Inc. (TSE:INE) Issued By Raymond James
May 12, 2023 | americanbankingnews.com
Innergex Renewable Energy (TSE:INE) Sets New 12-Month Low at $12.91
June 2, 2023 | Vantage Point (Ad)
Major Financial Crisis Could Hit America
Something 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.com
Closing Bell: Innergex Renewable Energy Inc down on Wednesday (INE)
May 11, 2023 | marketwatch.com
2030, Renewable Energy Market Growth | Future Prospects and Competitive Analysis
May 11, 2023 | theglobeandmail.com
Closing 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.com
Research Analysts Offer Predictions for Innergex Renewable Energy Inc.'s Q1 2023 Earnings (TSE:INE)
May 9, 2023 | theglobeandmail.com
Closing Bell: Innergex Renewable Energy 4.65 Pct Debs up on Monday (INE-DB-C)
May 9, 2023 | theglobeandmail.com
Closing Bell: Innergex Renewable Energy 4.75 Pct Debs flat on Monday (INE-DB-B)
May 5, 2023 | theglobeandmail.com
Closing Bell: Innergex Renewable Energy 4.65 Pct Debs down on Friday (INE-DB-C)
May 4, 2023 | theglobeandmail.com
Closing Bell: Innergex Renewable Energy Inc Pref Ser C flat on Wednesday (INE-PR-C)
May 3, 2023 | theglobeandmail.com
Closing Bell: Innergex Renewable Energy 4.75 Pct Debs down on Monday (INE-DB-B)
May 3, 2023 | americanbankingnews.com
National Bank Financial Brokers Cut Earnings Estimates for Innergex Renewable Energy Inc. (TSE:INE)
May 2, 2023 | americanbankingnews.com
Innergex Renewable Energy Inc. (TSE:INE) Receives C$19.35 Consensus Target Price from Analysts
April 30, 2023 | americanbankingnews.com
Innergex Renewable Energy Inc. (TSE:INE) to Post Q1 2023 Earnings of $0.04 Per Share, Raymond James Forecasts
April 29, 2023 | theglobeandmail.com
Closing Bell: Innergex Renewable Energy Inc Pref Ser C flat on Friday (INE-PR-C)
April 29, 2023 | americanbankingnews.com
Innergex Renewable Energy Inc. (TSE:INE) Forecasted to Post Q3 2023 Earnings of $0.18 Per Share
April 28, 2023 | theglobeandmail.com
Closing Bell: Innergex Renewable Energy Inc up on Friday (INE)
April 28, 2023 | theglobeandmail.com
Closing Bell: Innergex Renewable Energy Inc Pref Ser C up on Thursday (INE-PR-C)
April 28, 2023 | americanbankingnews.com
Q2 2023 EPS Estimates for Innergex Renewable Energy Inc. Raised by National Bank Financial (TSE:INE)
See More Headlines

INE Price History

INE Company Calendar

Ex-Dividend for 4/17 Dividend
3/30/2023
Dividend Payable
4/17/2023
Today
6/01/2023
Ex-Dividend for 7/17 Dividend
6/29/2023
Dividend Payable
7/17/2023
Next Earnings (Estimated)
8/02/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Utilities - Independent Power Producers
Sub-Industry
N/A
Sector
Utilities
Current Symbol
TSE:INE
CUSIP
N/A
CIK
N/A
Web
www.innergex.com
Phone
+1-450-9282550
Fax
N/A
Employees
488
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$18.83
High Stock Price Forecast
C$22.00
Low Stock Price Forecast
C$17.00
Forecasted Upside/Downside
+34.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C($0.33)
Trailing P/E Ratio
N/A
Forward P/E Ratio
51.54
P/E Growth
20.61
Net Income
C$-67,190,000.00
Net Margins
-6.99%
Pretax Margin
N/A
Return on Equity
-4.72%
Return on Assets
1.72%

Debt

Debt-to-Equity Ratio
432.38
Current Ratio
0.97
Quick Ratio
0.58

Sales & Book Value

Annual Sales
C$881.05 million
Price / Sales
3.25
Cash Flow
C$0.87 per share
Price / Cash Flow
16.11
Book Value
C$5.43 per share
Price / Book
2.58

Miscellaneous

Outstanding Shares
204,220,000
Free Float
N/A
Market Cap
C$2.86 billion
Optionable
Not Optionable
Beta
0.34

Key Executives

  • Mr. Michel Letellier M.B.A. (Age 58)
    MBA, Pres, CEO & Director
    Comp: $1.24M
  • Mr. Jean Trudel M.B.A.
    MBA, Chief Financial Officer
  • Mr. Yves Baribeault Eng.
    L.L.B., M.B.A., LL.B., MBA, Chief Legal Officer & Sec.
  • Ms. Pascale Tremblay ING
    M.Sc., Chief Asset Officer
  • Mr. Niko Nikolaidis M.B.A.
    M.Sc., VP of Investments & Financing
  • Ms. Karine Vachon
    Sr. Director – Communications
  • Ms. Alexandra Boislard Pepin M.B.A.
    Chief HR Officer
  • Mr. Renaud De Batz de Trenquelleon M.B.A.
    P.Geo., M.Sc., MBA, Sr. VP of Latin America
  • Mr. Richard Blanchet P.Eng.
    M.Sc., Sr. VP of Hydro & Special Projects
  • Mr. Guillaume Jumel
    VP & MD of France

Key Competitors

View 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

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