INE vs. NPI, AQN, RNW, BLX, ARR, PIF, SPG, GIP, UGE, and LCFS
Should you be buying Innergex Renewable Energy stock or one of its competitors? The main competitors of Innergex Renewable Energy include Northland Power (NPI), Algonquin Power & Utilities (AQN), TransAlta Renewables (RNW), Boralex (BLX), Altius Renewable Royalties (ARR), Polaris Renewable Energy (PIF), Spark Power Group (SPG), Green Impact Partners (GIP), UGE International (UGE), and Tidewater Renewables (LCFS). These companies are all part of the "utilities - renewable" industry.
Innergex Renewable Energy vs.
Northland Power (TSE:NPI) and Innergex Renewable Energy (TSE:INE) are both utilities companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, profitability, community ranking, valuation, analyst recommendations, dividends, media sentiment, earnings and risk.
Northland Power pays an annual dividend of C$1.20 per share and has a dividend yield of 6.2%. Innergex Renewable Energy pays an annual dividend of C$0.36 per share and has a dividend yield of 4.4%. Northland Power pays out 500.0% 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 -55.4% of its earnings in the form of a dividend.
Northland Power received 220 more outperform votes than Innergex Renewable Energy when rated by MarketBeat users. Likewise, 66.67% of users gave Northland Power an outperform vote while only 56.78% of users gave Innergex Renewable Energy an outperform vote.
Northland Power has a net margin of 2.98% compared to Innergex Renewable Energy's net margin of -11.96%. Northland Power's return on equity of 3.95% beat Innergex Renewable Energy's return on equity.
In the previous week, Northland Power had 6 more articles in the media than Innergex Renewable Energy. MarketBeat recorded 13 mentions for Northland Power and 7 mentions for Innergex Renewable Energy. Northland Power's average media sentiment score of -0.20 beat Innergex Renewable Energy's score of -0.29 indicating that Northland Power is being referred to more favorably in the media.
Northland Power has a beta of 0.47, indicating that its stock price is 53% less volatile than the S&P 500. Comparatively, Innergex Renewable Energy has a beta of 0.36, indicating that its stock price is 64% less volatile than the S&P 500.
49.4% of Northland Power shares are held by institutional investors. Comparatively, 35.6% of Innergex Renewable Energy shares are held by institutional investors. 0.1% of Northland Power shares are held by company insiders. Comparatively, 20.5% of Innergex Renewable Energy shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Northland Power has higher revenue and earnings than Innergex Renewable Energy. Innergex Renewable Energy is trading at a lower price-to-earnings ratio than Northland Power, indicating that it is currently the more affordable of the two stocks.
Northland Power presently has a consensus target price of C$29.71, suggesting a potential upside of 54.44%. Innergex Renewable Energy has a consensus target price of C$12.38, suggesting a potential upside of 50.91%. Given Northland Power's stronger consensus rating and higher possible upside, equities analysts clearly believe Northland Power is more favorable than Innergex Renewable Energy.
Summary
Northland Power beats Innergex Renewable Energy on 17 of the 19 factors compared between the two stocks.
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New MarketBeat Followers Over Time
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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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This page (TSE:INE) was last updated on 1/18/2025 by MarketBeat.com Staff
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