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Innergex Renewable Energy TSX:INE Stock Report

Last Price

CA$13.48

Market Cap

CA$2.7b

7D

-0.07%

1Y

64.2%

Updated

12 Mar, 2025

Data

Company Financials +

Innergex Renewable Energy Inc.

TSX:INE Stock Report

Market Cap: CA$2.7b

INE Stock Overview

Operates as an independent renewable power producer in Canada, the United States, France, and Chile. More details

INE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance2/6
Financial Health1/6
Dividends1/6

Rewards

Trading at 36.9% below our estimate of its fair value

Earnings are forecast to grow 41.59% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 2.67% is not well covered by earnings or free cash flows

Large one-off items impacting financial results

Volatile share price over the past 3 months compared to the Canadian market


Community vs My Fair Value

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Select a narrative for quick price alerts from the community, or create your own.

Innergex Renewable Energy Inc. Competitors

Boralex

TSX:BLX

CA$3.0b

Northland Power

TSX:NPI

CA$5.1b

Brookfield Renewable Partners

TSX:BEP.UN

CA$21.8b

Polaris Renewable Energy

TSX:PIF

CA$253.6m

Price History & Performance

Summary of share price highs, lows and changes for Innergex Renewable Energy
Historical stock prices
Current Share PriceCA$13.48
52 Week HighCA$13.60
52 Week LowCA$6.98
Beta0.28
1 Month Change89.33%
3 Month Change58.03%
1 Year Change64.19%
3 Year Change-30.44%
5 Year Change-12.92%
Change since IPO61.82%

Recent News & Updates

Recent updates

Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky

Oct 15
Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky

Unpleasant Surprises Could Be In Store For Innergex Renewable Energy Inc.'s (TSE:INE) Shares

Sep 24
Unpleasant Surprises Could Be In Store For Innergex Renewable Energy Inc.'s (TSE:INE) Shares

Improved Revenues Required Before Innergex Renewable Energy Inc. (TSE:INE) Stock's 27% Jump Looks Justified

Jun 09
Improved Revenues Required Before Innergex Renewable Energy Inc. (TSE:INE) Stock's 27% Jump Looks Justified

These 4 Measures Indicate That Innergex Renewable Energy (TSE:INE) Is Using Debt In A Risky Way

May 08
These 4 Measures Indicate That Innergex Renewable Energy (TSE:INE) Is Using Debt In A Risky Way

Cautious Investors Not Rewarding Innergex Renewable Energy Inc.'s (TSE:INE) Performance Completely

Feb 02
Cautious Investors Not Rewarding Innergex Renewable Energy Inc.'s (TSE:INE) Performance Completely

A Look At The Fair Value Of Innergex Renewable Energy Inc. (TSE:INE)

Dec 08
A Look At The Fair Value Of Innergex Renewable Energy Inc. (TSE:INE)

Here's Why Innergex Renewable Energy (TSE:INE) Is Weighed Down By Its Debt Load

Sep 25
Here's Why Innergex Renewable Energy (TSE:INE) Is Weighed Down By Its Debt Load

Calculating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)

Sep 07
Calculating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)

Innergex Renewable Energy (TSE:INE) Has No Shortage Of Debt

Jun 13
Innergex Renewable Energy (TSE:INE) Has No Shortage Of Debt

Calculating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)

Feb 02
Calculating The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)

Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky

Jan 11
Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky

Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky

Oct 10
Innergex Renewable Energy (TSE:INE) Use Of Debt Could Be Considered Risky

Shareholder Returns

INECA Renewable EnergyCA Market
7D-0.07%1.5%-1.1%
1Y64.2%9.3%8.6%

Return vs Industry: INE exceeded the Canadian Renewable Energy industry which returned 9.3% over the past year.

Return vs Market: INE exceeded the Canadian Market which returned 8.6% over the past year.

Price Volatility

Is INE's price volatile compared to industry and market?
INE volatility
INE Average Weekly Movement16.9%
Renewable Energy Industry Average Movement6.5%
Market Average Movement8.6%
10% most volatile stocks in CA Market17.6%
10% least volatile stocks in CA Market3.2%

Stable Share Price: INE's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: INE's weekly volatility has increased from 9% to 17% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1990600Michel Letellierwww.innergex.com

Innergex Renewable Energy Inc. operates as an independent renewable power producer in Canada, the United States, France, and Chile. It operates through three segments: Hydroelectric, Wind, and Solar and Storage. The company acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors.

Innergex Renewable Energy Inc. Fundamentals Summary

How do Innergex Renewable Energy's earnings and revenue compare to its market cap?
INE fundamental statistics
Market capCA$2.74b
Earnings (TTM)CA$10.26m
Revenue (TTM)CA$1.03b

266.8x

P/E Ratio

2.7x

P/S Ratio

Is INE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
INE income statement (TTM)
RevenueCA$1.03b
Cost of RevenueCA$272.44m
Gross ProfitCA$758.54m
Other ExpensesCA$748.28m
EarningsCA$10.26m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.051
Gross Margin73.57%
Net Profit Margin1.00%
Debt/Equity Ratio432.1%

How did INE perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

710%

Payout Ratio

Does INE pay a reliable dividends?

See INE dividend history and benchmarks
When do you need to buy INE by to receive an upcoming dividend?
Innergex Renewable Energy dividend dates
Ex Dividend DateMar 31 2025
Dividend Pay DateApr 15 2025
Days until Ex dividend18 days
Days until Dividend pay date33 days

Does INE pay a reliable dividends?

See INE dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/12 22:10
End of Day Share Price 2025/03/12 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Innergex Renewable Energy Inc. is covered by 22 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark WestbyATB Capital Markets
Benjamin PhamBMO Capital Markets Equity Research
David GalisonCanaccord Genuity