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 .

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

C$9.63

+0.02 (+0.21%)

(As of 12/1/2023 ET)

Compare

Today's Range: C$9.50
▼
C$9.73
50-Day Range: C$8.54
▼
C$11.94
52-Week Range: C$8.51
▼
C$18.05

Volume: 661,258 shs
Average Volume: 441,461 shs
Market Capitalization: C$1.97 billion

P/E Ratio: N/A
Dividend Yield: 7.48%
Price Target: C$15.28

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Innergex Renewable Energy MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 58.6% 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

4.4

Analyst's Opinion

Consensus Rating
Innergex 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/Downside
According 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 Coverage
Innergex Renewable Energy has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for INE.

1.7

Dividend Strength

Dividend Leadership
Innergex 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 Growth
Innergex Renewable Energy does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for INE.

0.0

News and Social Media Coverage

Search Interest
Only 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 Follows
Only 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.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
24.05% 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 Institutions
42.40% 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.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The 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. Sector
The 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 Ratio
Innergex 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 Ratio
Innergex 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.

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.

INE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

INE Stock News Headlines

November 22, 2023 | americanbankingnews.com

Innergex Renewable Energy Inc. (TSE:INE) Given Average Rating of "Moderate Buy" by Analysts

November 8, 2023 | finance.yahoo.com

INNERGEX Q3 2023 BATTERY STORAGE FACILITY COMMISSIONED AND TWO FUNDING INITIATIVES COMPLETED

December 2, 2023 | DTI Trader (Ad)

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November 7, 2023 | theglobeandmail.com

Closing Bell: Innergex Renewable Energy Pref Ser A up on Tuesday (INE-PR-A)

November 2, 2023 | theglobeandmail.com

Closing Bell: Innergex Renewable Energy Inc Pref Ser C down on Wednesday (INE-PR-C)

October 30, 2023 | finance.yahoo.com

Innergex Announces the Commissioning of the Salvador Battery Facility in Chile

October 26, 2023 | finance.yahoo.com

Innergex Completes its Partnership with Crédit Agricole Assurances in France

October 23, 2023 | ca.finance.yahoo.com

Should You Buy Innergex Renewable Stock for its 8.3% Dividend Yield?

December 2, 2023 | DTI Trader (Ad)

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October 23, 2023 | theglobeandmail.com

Closing Bell: Innergex Renewable Energy 4.75 Pct Debs flat on Friday (INE-DB-B)

October 22, 2023 | finance.yahoo.com

Innergex Renewable Energy (TSE:INE investor three-year losses grow to 61% as the stock sheds CA$192m this past week

October 19, 2023 | msn.com

My 2 Favourite Passive-Income Stocks for October 2023

October 19, 2023 | markets.businessinsider.com

CIBC Keeps Their Hold Rating on Innergex Renewable Energy (INE)

October 19, 2023 | finance.yahoo.com

Innergex Achieves Tax Equity Commitment Close for the Boswell Springs Wind Project

October 18, 2023 | markets.businessinsider.com

Innergex Renewable Energy (INE) Receives a Buy from TD Securities

October 18, 2023 | theglobeandmail.com

Closing Bell: Innergex Renewable Energy 4.75 Pct Debs flat on Tuesday (INE-DB-B)

October 18, 2023 | theglobeandmail.com

Innergex Renewable Energy: Top 10 Undervalued Utilities Sector Stocks on TSX (INE)

October 16, 2023 | theglobeandmail.com

Closing Bell: Innergex Renewable Energy Pref Ser A flat on Friday (INE-PR-A)

October 13, 2023 | theglobeandmail.com

Closing Bell: Innergex Renewable Energy 4.65 Pct Debs flat on Wednesday (INE-DB-C)

October 2, 2023 | markets.businessinsider.com

Canadian Stocks Down Sharply On Weak Data, Commodity Prices

September 28, 2023 | theglobeandmail.com

Closing Bell: Innergex Renewable Energy 4.65 Pct Debs flat on Monday (INE-DB-C)

September 27, 2023 | finance.yahoo.com

INNERGEX'S 2023 THIRD QUARTER RESULTS CONFERENCE CALL AND WEBCAST

September 24, 2023 | seekingalpha.com

INE.PR.C:CA Innergex Renewable Energy Inc. PREF SER C

September 16, 2023 | theglobeandmail.com

Closing Bell: Innergex Renewable Energy Inc Pref Ser C down on Friday (INE-PR-C)

September 15, 2023 | seekingalpha.com

INE.PR.A:CA Innergex Renewable Energy Inc. CV PFD SER A

September 14, 2023 | theglobeandmail.com

Closing Bell: Innergex Renewable Energy 4.65 Pct Debs up on Wednesday (INE-DB-C)

September 8, 2023 | markets.businessinsider.com

BMO Capital Thinks Innergex Renewable Energy’s Stock is Going to Recover

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: 12/02/2023
Ex-Dividend for 1/15 Dividend: 12/28/2023
Dividend Payable: 1/15/2024
Next Earnings (Estimated): 2/28/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Utilities - Renewable
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: 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: +58.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.17)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 30.12
P/E Growth: 20.61
Net Income: C$-35,450,000.00
Net Margins: -3.19%
Pretax Margin: N/A
Return on Equity: -2.39%
Return on Assets: 1.51%

Debt

Debt-to-Equity Ratio: 440.26
Current Ratio: 0.96
Quick Ratio: 0.58

Sales & Book Value

Annual Sales: C$935.53 million
Price / Sales: 2.10
Cash Flow: C$0.60 per share
Price / Cash Flow: 16.11
Book Value: C$5.50 per share
Price / Book: 1.75

Miscellaneous

Outstanding Shares: 204,320,000
Free Float: N/A
Market Cap: C$1.97 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

Key Competitors

View All Competitors

Insiders

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

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

Innergex Renewable Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Innergex Renewable Energy Stock (TSE:INE)

INE Stock Price History

INE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

INE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™