Innergex Renewable Energy Inc.

TSX:INE Stock Report

Market Cap: CA$2.8b

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Innergex Renewable Energy Future Growth

Future criteria checks 1/6

Innergex Renewable Energy is forecast to grow earnings and revenue by 0.2% and 7% per annum respectively while EPS is expected to decline by 5.3% per annum.

Key information

0.2%

Earnings growth rate

-5.32%

EPS growth rate

Renewable Energy earnings growth11.8%
Revenue growth rate7.0%
Future return on equityn/a
Analyst coverage

Low

Last updated16 Jul 2025

Recent future growth 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...

Earnings and Revenue Growth Forecasts

TSX:INE - Analysts future estimates and past financials data (CAD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20261,21039N/A4363
12/31/20251,268241654141
3/31/20251,06040-155279N/A
12/31/20241,03110-148292N/A
9/30/20241,023-133-426263N/A
6/30/20241,056-132-414256N/A
3/31/20241,066-131-329326N/A
12/31/20231,042-104-398298N/A
9/30/20231,000-35-73311N/A
6/30/2023977-2189392N/A
3/31/2023946-67162399N/A
12/31/2022935-87279430N/A
9/30/2022917-44251412N/A
6/30/2022833-84118308N/A
3/31/2022765-1853290N/A
12/31/2021747-197-24265N/A
9/30/2021713-183-127267N/A
6/30/2021691-155-257252N/A
3/31/2021671-199-306276N/A
12/31/2020613-39-316235N/A
9/30/2020588-97-296229N/A
6/30/2020569-95-329201N/A
3/31/2020563-99-603206N/A
12/31/2019557-56-616240N/A
9/30/20195529-575214N/A
6/30/20195262-440223N/A
3/31/201950617-38212N/A
12/31/201848126N/A209N/A
9/30/201845114N/A247N/A
6/30/201844313N/A240N/A
3/31/201842820N/A227N/A
12/31/201740024N/A192N/A
9/30/201736626N/A82N/A
6/30/201732724N/A88N/A
3/31/201730524N/A72N/A
12/31/201629330N/A77N/A
9/30/2016276-10N/A110N/A
6/30/2016269-8N/A95N/A
3/31/20162520N/A73N/A
12/31/2015247-37N/A5N/A
9/30/2015259-27N/A30N/A
6/30/2015262-33N/A36N/A
3/31/2015262-64N/A46N/A
12/31/2014242-62N/A88N/A
9/30/2014215-37N/A93N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: INE's forecast earnings growth (0.2% per year) is below the savings rate (2.5%).

Earnings vs Market: INE's earnings (0.2% per year) are forecast to grow slower than the Canadian market (12% per year).

High Growth Earnings: INE's earnings are forecast to grow, but not significantly.

Revenue vs Market: INE's revenue (7% per year) is forecast to grow faster than the Canadian market (3.9% per year).

High Growth Revenue: INE's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if INE's Return on Equity is forecast to be high in 3 years time


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/21 21:47
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