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Innergex Renewable Energy Inc.TSX:INE Stock Report

Market Cap CA$2.8b
Share Price
CA$13.74
CA$12.5
9.9% overvalued intrinsic discount
1Y35.9%
7D0.07%
1D
Portfolio Value
View

Innergex Renewable Energy Inc.

TSX:INE Stock Report

Market Cap: CA$2.8b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Innergex Renewable Energy (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
Valuation0/6
Future Growth1/6
Past Performance2/6
Financial Health0/6
Dividends1/6

INE Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Innergex Renewable Energy Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Innergex Renewable Energy
Historical stock prices
Current Share PriceCA$13.74
52 Week HighCA$13.85
52 Week LowCA$6.98
Beta0.39
1 Month Change-0.58%
3 Month Change1.70%
1 Year Change35.91%
3 Year Change-26.45%
5 Year Change-38.80%
Change since IPO64.95%

Recent News & Updates

Recent updates

User avatar
New Narrative Mar 24

Boswell Springs And Hale Kuawehi Will Secure Future Success

Strong project pipeline and PPAs in Canada enhance future revenue predictability and EBITDA growth, leveraging First Nations relations.
Analysis Article Oct 15

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

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Sep 24

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

With a median price-to-sales (or "P/S") ratio of close to 2.4x in the Renewable Energy industry in Canada, you could be...
Analysis Article Jun 09

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

The Innergex Renewable Energy Inc. ( TSE:INE ) share price has done very well over the last month, posting an excellent...
Analysis Article May 08

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

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Feb 02

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

With a price-to-sales (or "P/S") ratio of 2.1x Innergex Renewable Energy Inc. ( TSE:INE ) may be sending bullish...
Analysis Article Dec 08

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

Key Insights Innergex Renewable Energy's estimated fair value is CA$7.79 based on 2 Stage Free Cash Flow to Equity...
Analysis Article Sep 25

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

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Sep 07

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

Key Insights The projected fair value for Innergex Renewable Energy is CA$14.35 based on 2 Stage Free Cash Flow to...
Analysis Article Jun 13

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

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Feb 02

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

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Innergex Renewable...
Analysis Article Jan 11

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

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Oct 10

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

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

INECA Renewable EnergyCA Market
7D0.07%3.3%1.5%
1Y35.9%38.0%33.7%

Return vs Industry: INE exceeded the Canadian Renewable Energy industry which returned 20.5% over the past year.

Return vs Market: INE exceeded the Canadian Market which returned 17.8% over the past year.

Price Volatility

Is INE's price volatile compared to industry and market?
INE volatility
INE Average Weekly Movement0.5%
Renewable Energy Industry Average Movement4.4%
Market Average Movement10.2%
10% most volatile stocks in CA Market18.0%
10% least volatile stocks in CA Market3.9%

Stable Share Price: INE has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: INE's weekly volatility has decreased from 9% to 0% 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$2.79b
Earnings (TTM)CA$39.73m
Revenue (TTM)CA$1.06b
70.2x
P/E Ratio
2.6x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
INE income statement (TTM)
RevenueCA$1.06b
Cost of RevenueCA$277.81m
Gross ProfitCA$782.12m
Other ExpensesCA$742.39m
EarningsCA$39.73m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.20
Gross Margin73.79%
Net Profit Margin3.75%
Debt/Equity Ratio449.3%

How did INE perform over the long term?

See historical performance and comparison

Dividends

2.6%
Current Dividend Yield
183%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/21 20:50
End of Day Share Price 2025/07/21 00:00
Earnings2025/03/31
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 7 analysts. 4 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 Cormark
Nicholas BoychukATB Cormark Historical (Cormark Securities)
David GalisonCanaccord Genuity