INE vs. BLX, AQN, NPI, BEPC, SPB, TA, ACO.Y, CUP.U, ACO.X, and CPX
Should you be buying Innergex Renewable Energy stock or one of its competitors? The main competitors of Innergex Renewable Energy include Boralex (BLX), Algonquin Power & Utilities (AQN), Northland Power (NPI), Brookfield Renewable (BEPC), Superior Plus (SPB), TransAlta (TA), ATCO (ACO.Y), Caribbean Utilities (CUP.U), ATCO (ACO.X), and Capital Power (CPX). These companies are all part of the "utilities" sector.
Boralex (TSE:BLX) and Innergex Renewable Energy (TSE:INE) are both utilities companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, profitability, media sentiment, dividends, valuation, community ranking, analyst recommendations, risk and earnings.
In the previous week, Boralex and Boralex both had 3 articles in the media. Boralex's average media sentiment score of 0.37 beat Innergex Renewable Energy's score of 0.33 indicating that Innergex Renewable Energy is being referred to more favorably in the news media.
58.8% of Boralex shares are owned by institutional investors. Comparatively, 40.1% of Innergex Renewable Energy shares are owned by institutional investors. 0.3% of Boralex shares are owned by insiders. Comparatively, 24.1% of Innergex Renewable Energy shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Boralex has a net margin of 7.63% compared to Boralex's net margin of -9.45%. Innergex Renewable Energy's return on equity of 5.68% beat Boralex's return on equity.
Boralex currently has a consensus price target of C$40.75, suggesting a potential upside of 42.38%. Innergex Renewable Energy has a consensus price target of C$13.36, suggesting a potential upside of 67.22%. Given Boralex's higher possible upside, analysts clearly believe Innergex Renewable Energy is more favorable than Boralex.
Boralex received 76 more outperform votes than Innergex Renewable Energy when rated by MarketBeat users. Likewise, 63.08% of users gave Boralex an outperform vote while only 57.33% of users gave Innergex Renewable Energy an outperform vote.
Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 2.3%. Innergex Renewable Energy pays an annual dividend of C$0.36 per share and has a dividend yield of 4.5%. Boralex pays out 86.8% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Innergex Renewable Energy pays out -70.6% of its earnings in the form of a dividend. Innergex Renewable Energy is clearly the better dividend stock, given its higher yield and lower payout ratio.
Boralex has a beta of 0.41, meaning that its stock price is 59% less volatile than the S&P 500. Comparatively, Innergex Renewable Energy has a beta of 0.37, meaning that its stock price is 63% less volatile than the S&P 500.
Boralex has higher earnings, but lower revenue than Innergex Renewable Energy. Innergex Renewable Energy is trading at a lower price-to-earnings ratio than Boralex, indicating that it is currently the more affordable of the two stocks.
Summary
Boralex beats Innergex Renewable Energy on 13 of the 20 factors compared between the two stocks.
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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.
Skip ChartThis 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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