TSE:INE

Innergex Renewable Energy Stock Forecast, Price & News

C$23.40
+0.47 (+2.05 %)
(As of 04/16/2021 12:00 AM ET)
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Today's Range
C$22.81
Now: C$23.40
C$23.78
50-Day Range
C$21.04
MA: C$22.35
C$24.24
52-Week Range
C$17.59
Now: C$23.40
C$32.48
Volume14.83 million shs
Average Volume864,318 shs
Market CapitalizationC$4.09 billion
P/E RatioN/A
Dividend Yield3.14%
BetaN/A
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 Generation, Wind Power Generation, and Solar Power Generation. As of February 25, 2021, it owned and operated 75 facilities with a net installed capacity of 2,742 megawatts, which included 37 hydroelectric facilities, 32 wind farms, and six solar farms; and had interests in 10 projects under development, as well as prospective projects at various stages of development. Innergex Renewable Energy Inc. was founded in 1990 and is headquartered in Longueuil, Canada.
Innergex Renewable Energy logo

Industry, Sector and Symbol

Industry Utilities - Independent Power Producers
Sub-IndustryN/A
SectorUtilities
CUSIPN/A
CIKN/A
Phone+1-450-9282550
Employees370
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesC$613.21 million
Cash FlowC$0.96 per share
Book ValueC$5.03 per share

Profitability

Miscellaneous

Market CapC$4.09 billion
Next Earnings Date5/11/2021 (Estimated)
OptionableNot Optionable

Headlines

3 Renewable Energy Stocks to Buy Now
March 31, 2021 |  ca.finance.yahoo.com
Innergex Renewable Energy Inc. (3IX.F)
March 25, 2021 |  sg.finance.yahoo.com
Here's what Wall Street expects from Innergex Renewable Energy's earnings
February 23, 2021 |  markets.businessinsider.com
Innergex comments on weather events in Texas
February 17, 2021 |  finance.yahoo.com
Invest For The Future: Best Renewable Energy Stocks
November 19, 2020 |  seekingalpha.com
Innergex Renewable Energy Inc
October 22, 2020 |  bloomberg.com
See More Headlines

MarketRank

Overall MarketRank

1.21 out of 5 stars

Analyst Opinion: 3.1Community Rank: 2.1Dividend Strength: 0.8Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -
C$23.40
+0.47 (+2.05 %)
(As of 04/16/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Innergex Renewable Energy (TSE:INE) Frequently Asked Questions

Is Innergex Renewable Energy a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Innergex Renewable Energy in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Innergex Renewable Energy stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INE, but not buy additional shares or sell existing shares.
View analyst ratings for Innergex Renewable Energy
or view top-rated stocks.

What stocks does MarketBeat like better than Innergex Renewable Energy?

Wall Street analysts have given Innergex Renewable Energy a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Innergex Renewable Energy wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Innergex Renewable Energy's next earnings date?

Innergex Renewable Energy is scheduled to release its next quarterly earnings announcement on Tuesday, May 11th 2021.
View our earnings forecast for Innergex Renewable Energy
.

How were Innergex Renewable Energy's earnings last quarter?

Innergex Renewable Energy Inc. (TSE:INE) released its earnings results on Thursday, February, 25th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.10 by $0.03. The company had revenue of $167.93 million for the quarter, compared to the consensus estimate of $168.90 million.
View Innergex Renewable Energy's earnings history
.

How has Innergex Renewable Energy's stock price been impacted by Coronavirus?

Innergex Renewable Energy's stock was trading at C$17.81 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, INE stock has increased by 31.4% and is now trading at C$23.40.
View which stocks have been most impacted by COVID-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 Tuesday, March 30th. Investors of record on Thursday, April 15th will be paid a dividend of 0.18 per share on Thursday, April 15th. This represents a $0.72 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Tuesday, March 30th.
View Innergex Renewable Energy's dividend history
.

Is Innergex Renewable Energy a good dividend stock?

Innergex Renewable Energy pays an annual dividend of C$0.72 per share and currently has a dividend yield of 3.14%.
View Innergex Renewable Energy's dividend history.

What price target have analysts set for INE?

5 Wall Street analysts have issued 12 month price objectives for Innergex Renewable Energy's stock. Their forecasts range from C$23.00 to C$32.00. On average, they anticipate Innergex Renewable Energy's stock price to reach C$27.88 in the next year. This suggests a possible upside of 19.1% from the stock's current price.
View analysts' price targets for Innergex Renewable Energy
or view top-rated stocks among Wall Street analysts.

Who are Innergex Renewable Energy's key executives?

Innergex Renewable Energy's management team includes the following people:
  • Mr. Michel Letellier M.B.A., MBA, Pres, CEO & Director (Age 56, Pay $1.07M)
  • Mr. Jean-François Neault C.M.A., CPA, M.B.A., CPA, CMA, MBA, CA, Chief Financial Officer
  • Mr. Peter Grover Eng., Sr. VP of Operations
  • Mr. Jean Trudel M.B.A., MBA, Chief Investment & Devel. Officer
  • Mr. Renaud De Batz de Trenquelléon P.Geo., M.Sc., MBA, Sr. VP of Latin America
  • Ms. Karine Vachon, Sr. Director – Communications
  • Mr. Yves Baribeault Eng., L.L.B., M.B.A., LL.B., MBA, Sr. VP of Legal Affairs & Sec.
  • Ms. Alexandra Boislard Pepin M.B.A., VP – HR
  • Mr. Richard Blanchet P.Eng., M.Sc., Sr. VP of Hydro & Special Projects
  • Mr. Jay Sutton P.Eng., Sr. VP of Construction & Engineering

Who are some of Innergex Renewable Energy's key competitors?

What other stocks do shareholders of Innergex Renewable Energy own?

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 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$23.40.

How much money does Innergex Renewable Energy make?

Innergex Renewable Energy has a market capitalization of C$4.09 billion and generates C$613.21 million in revenue each year.

How many employees does Innergex Renewable Energy have?

Innergex Renewable Energy employs 370 workers across the globe.

What is Innergex Renewable Energy's official website?

The official website for Innergex Renewable Energy is www.innergex.com.

Where are Innergex Renewable Energy's headquarters?

Innergex Renewable Energy is headquartered at East Tower 1111 Saint-Charles St W Suite 1255, LONGUEUIL, QC J4K 5G4, Canada.

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 company can be reached via phone at +1-450-9282550.


This page was last updated on 4/17/2021 by MarketBeat.com Staff
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