INE vs. BLX, NPI, AQN, SPB, TA, CUP.U, ACO.Y, ACO.X, CPX, and BIPC
Should you be buying Innergex Renewable Energy stock or one of its competitors? The main competitors of Innergex Renewable Energy include Boralex (BLX), Northland Power (NPI), Algonquin Power & Utilities (AQN), Superior Plus (SPB), TransAlta (TA), Caribbean Utilities (CUP.U), ATCO (ACO.Y), ATCO (ACO.X), Capital Power (CPX), and Brookfield Infrastructure (BIPC). These companies are all part of the "utilities" sector.
Innergex Renewable Energy (TSE:INE) and Boralex (TSE:BLX) are both utilities companies, but which is the better stock? We will contrast the two businesses based on the strength of their earnings, valuation, community ranking, risk, dividends, institutional ownership, media sentiment, profitability and analyst recommendations.
Boralex received 79 more outperform votes than Innergex Renewable Energy when rated by MarketBeat users. Likewise, 63.22% of users gave Boralex an outperform vote while only 57.30% of users gave Innergex Renewable Energy an outperform vote.
Boralex has a net margin of 10.14% compared to Innergex Renewable Energy's net margin of -11.78%. Boralex's return on equity of 6.87% beat Innergex Renewable Energy's return on equity.
Innergex Renewable Energy presently has a consensus target price of C$12.53, indicating a potential upside of 38.62%. Boralex has a consensus target price of C$40.13, indicating a potential upside of 24.92%. Given Innergex Renewable Energy's higher possible upside, research analysts plainly believe Innergex Renewable Energy is more favorable than Boralex.
In the previous week, Boralex had 18 more articles in the media than Innergex Renewable Energy. MarketBeat recorded 24 mentions for Boralex and 6 mentions for Innergex Renewable Energy. Boralex's average media sentiment score of 0.30 beat Innergex Renewable Energy's score of 0.02 indicating that Boralex is being referred to more favorably in the news media.
Innergex Renewable Energy pays an annual dividend of C$0.36 per share and has a dividend yield of 4.0%. Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 2.1%. Innergex Renewable Energy pays out -56.3% of its earnings in the form of a dividend. Boralex pays out 67.3% 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. Innergex Renewable Energy is clearly the better dividend stock, given its higher yield and lower payout ratio.
Innergex Renewable Energy has a beta of 0.34, meaning that its share price is 66% less volatile than the S&P 500. Comparatively, Boralex has a beta of 0.41, meaning that its share price is 59% less volatile than the S&P 500.
41.0% of Innergex Renewable Energy shares are held by institutional investors. Comparatively, 60.6% of Boralex shares are held by institutional investors. 20.4% of Innergex Renewable Energy shares are held by insiders. Comparatively, 0.2% of Boralex shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Boralex has lower revenue, but higher earnings 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 16 of the 21 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.
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.
Innergex Renewable Energy Competitors List
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