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: $9.48 to $9.48
• 50-Day Range: $4.90 to $9.52
• 52-Week Range: $4.81 to $9.53
• Volume: 1,730 shs
• Average Volume: 68,951 shs
• Market Capitalization: $1.93 billion
• P/E Ratio: 316.00
• Dividend Yield: 2.53%
• Price Target: N/A
• Consensus Rating: Hold

Innergex Renewable Energy Stock Analysis - MarketRank™

Innergex Renewable Energy scored higher than 2% 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: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Innergex Renewable Energy are expected to decrease in the coming year, from $0.09 to ($0.01) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Innergex Renewable Energy is 316.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.58.

Price to Earnings Ratio vs. Sector

The P/E ratio of Innergex Renewable Energy is 316.00, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 15.26.

Price to Book Value per Share Ratio

Innergex Renewable Energy has a P/B Ratio of 2.44. 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

0.90% of the float of Innergex Renewable Energy has been sold short.

Short Interest Ratio / Days to Cover

Innergex Renewable Energy has a short interest ratio ("days to cover") of 24, which indicates bearish sentiment.

Change versus previous month

Short interest in Innergex Renewable Energy has recently increased by 9.29%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Innergex Renewable Energy pays a meaningful dividend of 2.65%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

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

Dividend Coverage

The dividend payout ratio of Innergex Renewable Energy is 800.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

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

Percentage of Shares Shorted

0.90% of the float of Innergex Renewable Energy has been sold short.

Short Interest Ratio / Days to Cover

Innergex Renewable Energy has a short interest ratio ("days to cover") of 24, which indicates bearish sentiment.

Change versus previous month

Short interest in Innergex Renewable Energy has recently increased by 9.29%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.70

News Sentiment

Innergex Renewable Energy has a news sentiment score of 0.70. 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 news sentiment score is similar to the average news sentiment of Utilities companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Innergex Renewable Energy this week, compared to 1 article 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 $5.63 on January 1st, 2025. Since then, INGXF stock has increased by 68.4% and is now trading at $9.48.
View the best growth stocks for 2025 here.

How were Innergex Renewable Energy's earnings last quarter?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) released its quarterly earnings data on Thursday, February, 20th. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.22. The business earned $204.46 million during the quarter, compared to analyst estimates of $266.84 million. Innergex Renewable Energy had a net margin of 1.84% and a trailing twelve-month return on equity of 4.40%.

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.

Company Calendar

• Ex-Dividend for 1/15 Dividend: 12/31/2024
• Record date for 1/15 Dividend: 1/01/2025
• Dividend Payable: 1/15/2025
• Last Earnings: 2/20/2025
• Today: 3/30/2025
• Ex-Dividend for 4/15 Dividend: 3/31/2025
• Record date for 4/15 Dividend: 4/01/2025
• Dividend Payable: 4/15/2025
• Next Earnings (Estimated): 5/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Utilities
• Industry: Electric & other services combined
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:INGXF
• 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): $0.03
• Trailing P/E Ratio: 316.00
• Forward P/E Ratio: 105.33
• P/E Growth: N/A
• Net Income: $-72,930,000.00
• Net Margins: 1.84%
• Pretax Margin: -15.98%
• Return on Equity: 4.40%
• Return on Assets: 0.59%

Debt

• Debt-to-Equity Ratio: 4.50
• Current Ratio: 0.56
• Quick Ratio: 0.56

Sales & Book Value

• Annual Sales: $764.31 million
• Price / Sales: 2.52
• Cash Flow: $2.06 per share
• Price / Cash Flow: 4.61
• Book Value: $3.89 per share
• Price / Book: 2.44

Miscellaneous

• Outstanding Shares: 203,125,000
• Free Float: 193,578,000
• Market Cap: $1.93 billion
• Optionable: Not Optionable
• Beta: 0.56