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Innergex Renewable Energy (INE) Competitors

Innergex Renewable Energy logo
C$13.73 -0.01 (-0.07%)
As of 07/17/2025 04:23 PM Eastern

INE vs. NPI, BEPC, AQN, BLX, RNW, ARR, PIF, LCFS, GIP, and SPG

Should you be buying Innergex Renewable Energy stock or one of its competitors? The main competitors of Innergex Renewable Energy include Northland Power (NPI), Brookfield Renewable (BEPC), Algonquin Power & Utilities (AQN), Boralex (BLX), TransAlta Renewables (RNW), Altius Renewable Royalties (ARR), Polaris Renewable Energy (PIF), Tidewater Renewables (LCFS), Green Impact Partners (GIP), and Spark Power Group (SPG). These companies are all part of the "utilities - renewable" industry.

Innergex Renewable Energy vs. Its Competitors

Northland Power (TSE:NPI) and Innergex Renewable Energy (TSE:INE) are both mid-cap utilities companies, but which is the better business? We will contrast the two businesses based on the strength of their risk, valuation, analyst recommendations, dividends, institutional ownership, profitability, media sentiment and earnings.

49.4% of Northland Power shares are owned by institutional investors. Comparatively, 35.6% of Innergex Renewable Energy shares are owned by institutional investors. 0.1% of Northland Power shares are owned by company insiders. Comparatively, 20.5% of Innergex Renewable Energy shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Innergex Renewable Energy has lower revenue, but higher earnings than Northland Power. Northland Power is trading at a lower price-to-earnings ratio than Innergex Renewable Energy, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Northland PowerC$2.44B2.48-C$144.54M-C$0.55-42.30
Innergex Renewable EnergyC$1.00B2.80-C$129.06M-C$0.62-22.02

In the previous week, Northland Power and Northland Power both had 2 articles in the media. Innergex Renewable Energy's average media sentiment score of 0.70 beat Northland Power's score of 0.64 indicating that Innergex Renewable Energy is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Northland Power
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Innergex Renewable Energy
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Northland Power pays an annual dividend of C$1.20 per share and has a dividend yield of 5.2%. Innergex Renewable Energy pays an annual dividend of C$0.36 per share and has a dividend yield of 2.6%. Northland Power pays out -219.8% of its earnings in the form of a dividend. Innergex Renewable Energy pays out -57.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Northland Power is clearly the better dividend stock, given its higher yield and lower payout ratio.

Northland Power has a beta of 0.47, meaning that its share price is 53% less volatile than the S&P 500. Comparatively, Innergex Renewable Energy has a beta of 0.36, meaning that its share price is 64% less volatile than the S&P 500.

Northland Power presently has a consensus target price of C$27.08, indicating a potential upside of 17.29%. Innergex Renewable Energy has a consensus target price of C$11.59, indicating a potential downside of 15.56%. Given Northland Power's stronger consensus rating and higher possible upside, equities research analysts plainly believe Northland Power is more favorable than Innergex Renewable Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Northland Power
0 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
3.00
Innergex Renewable Energy
0 Sell rating(s)
7 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

Northland Power has a net margin of -5.92% compared to Innergex Renewable Energy's net margin of -12.85%. Northland Power's return on equity of -3.37% beat Innergex Renewable Energy's return on equity.

Company Net Margins Return on Equity Return on Assets
Northland Power-5.92% -3.37% 3.96%
Innergex Renewable Energy -12.85%-11.87%2.25%

Summary

Northland Power beats Innergex Renewable Energy on 13 of the 18 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding INE and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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INE vs. The Competition

MetricInnergex Renewable EnergyUtilities IndustryUtilities SectorTSE Exchange
Market CapC$2.82BC$1.75BC$15.73BC$6.27B
Dividend Yield4.84%5.75%5.59%6.72%
P/E Ratio-22.0210.7619.9453.96
Price / Sales2.802,106.49193.691,133.24
Price / Cash16.1142.3618.9683.29
Price / Book1.981.482.134.99
Net Income-C$129.06MC$289.63MC$747.76MC$301.20M
7 Day PerformanceN/A89.12%15.67%0.61%
1 Month Performance-0.51%158.64%29.00%4.23%
1 Year Performance36.75%1,021.24%193.73%25.99%

Innergex Renewable Energy Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
INE
Innergex Renewable Energy
0.3734 of 5 stars
C$13.73
-0.1%
C$11.59
-15.6%
+34.6%C$2.82BC$1.00B-22.02602
NPI
Northland Power
2.4637 of 5 stars
C$22.70
+0.9%
C$27.08
+19.3%
-4.0%C$5.96BC$2.44B-41.591,150Positive News
BEPC
Brookfield Renewable
N/AC$46.30
+0.5%
N/A+20.6%C$4.76BC$866.38M-23.391,890News Coverage
AQN
Algonquin Power & Utilities
0.6413 of 5 stars
C$7.81
-1.3%
C$6.63
-15.2%
-4.9%C$4.23BC$1.95B-3.923,440
BLX
Boralex
1.9474 of 5 stars
C$32.58
-1.0%
C$39.22
+20.4%
-5.4%C$3.39BC$952.11M47.76180
RNW
TransAlta Renewables
N/AN/AN/AN/AC$3.33BC$496M41.601,680
ARR
Altius Renewable Royalties
0.8981 of 5 stars
N/AC$19.25
+∞
N/AC$369.48MC$2.67M-150.00N/A
PIF
Polaris Renewable Energy
3.1236 of 5 stars
C$12.15
-0.2%
C$22.67
+86.6%
-4.6%C$180.57MC$53.34M25.17235
LCFS
Tidewater Renewables
N/AC$2.64
-1.5%
C$3.95
+49.6%
-68.2%C$91.92MC$387.24M-0.2437Gap Down
GIP
Green Impact Partners
2.3337 of 5 stars
C$3.90
-3.0%
C$6.75
+73.1%
+13.3%C$76.47MC$107.07M-6.8489
SPG
Spark Power Group
N/AN/AN/AN/AC$74.48MC$259.65M-4.563,300High Trading Volume

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This page (TSE:INE) was last updated on 7/18/2025 by MarketBeat.com Staff
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