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

Company Overview

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada's best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world. Innergex conducts operations in Canada, the United States, France and Chile and manages a large portfolio of high-quality assets. Its approach to building shareholder value is to generate sustainable cash flows, provide an attractive risk-adjusted return on invested capital and to distribute a stable dividend.

Key Stats

• Today's Range: C$13.55 to C$13.60
• 50-Day Range: C$7.03 to C$13.60
• 52-Week Range: C$6.98 to C$13.63
• Volume: 571,412 shs
• Average Volume: 1.26 million shs
• Market Capitalization: C$2.78 billion
• P/E Ratio: N/A
• Dividend Yield: 2.65%
• Price Target: C$11.59
• Consensus Rating: Hold

Innergex Renewable Energy Stock Analysis - MarketRank™

Innergex Renewable Energy scored higher than 22% 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: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Innergex Renewable Energy has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 1 buy rating, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Innergex Renewable Energy has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Innergex Renewable Energy is -21.75, 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 -21.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Innergex Renewable Energy has a PEG Ratio of 20.61. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Innergex Renewable Energy has a P/B Ratio of 1.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for INE.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Innergex Renewable Energy is a leading dividend payer. It pays a dividend yield of 4.84%, 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.

Sustainability and ESG

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

Short Interest

There is no current short interest data available for INE.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.93

News Sentiment

Innergex Renewable Energy has a news sentiment score of 0.93. 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 0.67 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Innergex Renewable Energy this week, compared to 3 articles on an average week.

Search Interest

Only 1 people have searched for INE on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 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

20.47% of the stock of Innergex Renewable Energy is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 35.57% of the stock of Innergex Renewable Energy is held by institutions.

INE Stock Analysis - Frequently Asked Questions

How have INE shares performed this year?

Innergex Renewable Energy's stock was trading at C$8.05 on January 1st, 2025. Since then, INE shares have increased by 68.4% and is now trading at C$13.56.
View the best growth stocks for 2025 here.

How were Innergex Renewable Energy's earnings last quarter?

Innergex Renewable Energy Inc. (TSE:INE) announced its earnings results on Wednesday, November, 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. Innergex Renewable Energy had a negative trailing twelve-month return on equity of 11.87% and a negative net margin of 12.85%.

How do I buy shares of Innergex Renewable Energy?

Shares of INE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What other stocks do shareholders of Innergex Renewable Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Innergex Renewable Energy investors own include Enbridge (ENB), Bank of Nova Scotia (BNS), Enterprise Products Partners (EPD), TELUS (T), PayPal (PYPL), Arista Networks (ANET) and Algonquin Power & Utilities (AQN).

Company Calendar

• Last Earnings: 11/06/2024
• Record date for 1/15 Dividend: 12/31/2024
• Ex-Dividend for 1/15 Dividend: 12/31/2024
• Dividend Payable: 1/15/2025
• Today: 3/28/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Utilities
• Industry: Utilities - Renewable
• Sub-Industry: N/A
• Current Symbol: TSE:INE
• CIK: N/A
• Web: www.innergex.com
• Phone: +1-450-9282550
• Fax: N/A
• Employees: 602
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$11.59
• High Stock Price Target: C$13.75
• Low Stock Price Target: C$9.00
• Potential Upside/Downside: -14.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.13
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.62)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 87.49
• P/E Growth: 20.61
• Net Income: C$-129,063,972.28
• Net Margins: -12.85%
• Pretax Margin: N/A
• Return on Equity: -11.87%
• Return on Assets: 2.25%

Debt

• Debt-to-Equity Ratio: 620.44
• Current Ratio: 0.56
• Quick Ratio: 0.58

Sales & Book Value

• Annual Sales: C$1.00 billion
• Price / Sales: 2.77
• Cash Flow: C$0.84 per share
• Price / Cash Flow: 16.11
• Book Value: C$6.95 per share
• Price / Book: 1.95

Miscellaneous

• Outstanding Shares: 205,054,274
• Free Float: N/A
• Market Cap: C$2.78 billion
• Optionable: Not Optionable
• Beta: 0.36