Innergex Renewable Energy (INGXF) Stock Price, News & Analysis

Company Overview

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 renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation. As of February 21, 2024, it owned and operated 87 facilities with a net installed capacity of 3,600 megawatts, including 41 hydroelectric facilities, 35 wind facilities, 9 solar facilities, and 2 battery energy storage facilities. The company is headquartered in Longueuil, Canada.

Key Stats

• Today's Range: $6.04 to $6.08
• 50-Day Range: $5.55 to $7.90
• 52-Week Range: $5.26 to $7.90
• Volume: 68,934 shs
• Average Volume: 40,762 shs
• Market Capitalization: $1.24 billion
• P/E Ratio: N/A
• Dividend Yield: 4.44%
• Price Target: N/A
• Consensus Rating: N/A

Innergex Renewable Energy Stock Analysis - MarketRank™

Innergex Renewable Energy scored higher than 11% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Innergex Renewable Energy.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Innergex Renewable Energy are expected to grow in the coming year, from ($0.07) to $0.11 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Innergex Renewable Energy is -12.41, 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 -12.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Innergex Renewable Energy has a P/B Ratio of 1.56. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.14% of the outstanding shares of Innergex Renewable Energy have been sold short.

Short Interest Ratio / Days to Cover

Innergex Renewable Energy has a short interest ratio ("days to cover") of 68.1, which indicates bearish sentiment.

Change versus previous month

Short interest in Innergex Renewable Energy has recently increased by 6.41%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Innergex Renewable Energy is a leading dividend payer. It pays a dividend yield of 4.39%, 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.

Dividend Sustainability

Based on EPS estimates, Innergex Renewable Energy will have a dividend payout ratio of 245.45% in the coming year. This indicates that Innergex Renewable Energy may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.14% of the outstanding shares of Innergex Renewable Energy have been sold short.

Short Interest Ratio / Days to Cover

Innergex Renewable Energy has a short interest ratio ("days to cover") of 68.1, which indicates bearish sentiment.

Change versus previous month

Short interest in Innergex Renewable Energy has recently increased by 6.41%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.28

News Sentiment

Innergex Renewable Energy has a news sentiment score of 1.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Innergex Renewable Energy this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Innergex Renewable Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.70% of the stock of Innergex Renewable Energy is held by insiders.

INGXF Stock Analysis - Frequently Asked Questions

How have INGXF shares performed this year?

Innergex Renewable Energy's stock was trading at $6.97 at the start of the year. Since then, INGXF stock has decreased by 12.8% and is now trading at $6.08.
View the best growth stocks for 2024 here.

How were Innergex Renewable Energy's earnings last quarter?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) released its quarterly earnings results on Wednesday, November, 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $179.04 million for the quarter, compared to analysts' expectations of $192.68 million. Innergex Renewable Energy had a negative net margin of 13.73% and a negative trailing twelve-month return on equity of 1.74%.

How do I buy shares of Innergex Renewable Energy?

Shares of INGXF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/27/2024
• Dividend Payable: 10/15/2024
• Last Earnings: 11/06/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Utilities
• Industry: Electric & other services combined
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:INGXF
• CUSIP: N/A
• CIK: N/A
• Web: www.innergex.com
• Phone: (450) 928-2550
• Fax: 45-0928-2544
• Employees: 602
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.49)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-72,930,000.00
• Net Margins: -13.73%
• Pretax Margin: -16.18%
• Return on Equity: -1.74%
• Return on Assets: -0.22%

Debt

• Debt-to-Equity Ratio: 4.19
• Current Ratio: 0.57
• Quick Ratio: 0.57

Sales & Book Value

• Annual Sales: $771.53 million
• Price / Sales: 1.60
• Cash Flow: $1.30 per share
• Price / Cash Flow: 4.67
• Book Value: $3.89 per share
• Price / Book: 1.56

Miscellaneous

• Outstanding Shares: 203,150,000
• Free Float: 193,600,000
• Market Cap: $1.24 billion
• Optionable: Not Optionable
• Beta: 0.66