Innergex Renewable Energy Inc.

TSX:INE Stock Report

Market Cap: CA$1.6b

Innergex Renewable Energy Management

Management criteria checks 3/4

Innergex Renewable Energy's CEO is Michel Letellier, appointed in Oct 2007, has a tenure of 17.25 years. total yearly compensation is CA$2.34M, comprised of 27.8% salary and 72.2% bonuses, including company stock and options. directly owns 0.51% of the company’s shares, worth CA$8.36M. The average tenure of the management team and the board of directors is 4 years and 5.9 years respectively.

Key information

Michel Letellier

Chief executive officer

CA$2.3m

Total compensation

CEO salary percentage27.8%
CEO tenure17.3yrs
CEO ownership0.5%
Management average tenure4yrs
Board average tenure5.9yrs

Recent management 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

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

Sep 19
A Look At The Intrinsic Value Of Innergex Renewable Energy Inc. (TSE:INE)

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

Jun 10
These 4 Measures Indicate That Innergex Renewable Energy (TSE:INE) Is Using Debt In A Risky Way

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

May 20
Calculating The Fair Value Of Innergex Renewable Energy Inc. (TSE:INE)

CEO Compensation Analysis

How has Michel Letellier's remuneration changed compared to Innergex Renewable Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-CA$133m

Jun 30 2024n/an/a

-CA$132m

Mar 31 2024n/an/a

-CA$131m

Dec 31 2023CA$2mCA$652k

-CA$104m

Sep 30 2023n/an/a

-CA$35m

Jun 30 2023n/an/a

-CA$21m

Mar 31 2023n/an/a

-CA$67m

Dec 31 2022CA$2mCA$627k

-CA$87m

Sep 30 2022n/an/a

-CA$44m

Jun 30 2022n/an/a

-CA$84m

Mar 31 2022n/an/a

-CA$18m

Dec 31 2021CA$2mCA$614k

-CA$197m

Sep 30 2021n/an/a

-CA$183m

Jun 30 2021n/an/a

-CA$155m

Mar 31 2021n/an/a

-CA$199m

Dec 31 2020CA$2mCA$583k

-CA$39m

Sep 30 2020n/an/a

-CA$97m

Jun 30 2020n/an/a

-CA$95m

Mar 31 2020n/an/a

-CA$99m

Dec 31 2019CA$2mCA$550k

-CA$56m

Sep 30 2019n/an/a

CA$9m

Jun 30 2019n/an/a

CA$2m

Mar 31 2019n/an/a

CA$17m

Dec 31 2018CA$1mCA$537k

CA$26m

Compensation vs Market: Michel's total compensation ($USD1.63M) is about average for companies of similar size in the Canadian market ($USD1.83M).

Compensation vs Earnings: Michel's compensation has increased whilst the company is unprofitable.

CEO

Michel Letellier (59 yo)

17.3yrs

Tenure

CA$2,341,503

Compensation

Mr. Michel Letellier, MBA, is an Independent Director of Canadian National Railway Company since October 1, 2022. He has been the Chief Executive Officer and President of Innergex Renewable Energy Inc. sin...

Leadership Team

NamePositionTenureCompensationOwnership
Michel Letellier
President17.3yrsCA$2.34m0.51%
CA$ 8.4m
Jean Trudel
Chief Financial Officer2.8yrsCA$1.25m0.16%
CA$ 2.6m
Yves Baribeault
Chief Legal Officer & Secretary14yrsCA$665.28k0.014%
CA$ 225.0k
Alexandra Pepin
Chief Human Resources Officer4.6yrsCA$585.54k0%
CA$ 0
Pascale Tremblay
Chief Asset Officer3.4yrsCA$1.03m0.0042%
CA$ 68.5k
Niko Nikolaidis
Vice President of Investments & Financingno datano datano data
Naji Baydoun
Director of Investor Relationsno datano datano data
Sophie Pilkington
Senior Manager - Complianceno datano datano data
Karine Vachon
Senior Director of Communications and ESGno datano datano data
Guillaume Jumel
VP & MD of France4yrsno datano data
Jaime Pino
VP & MD of Chile4yrsno datano data
Alex Couture
VP of Development Canadano datano datano data

4.0yrs

Average Tenure

Experienced Management: INE's management team is considered experienced (4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michel Letellier
President22.3yrsCA$2.34m0.51%
CA$ 8.4m
Monique Mercier
Independent Chairman9.3yrsCA$129.50k0.0046%
CA$ 75.4k
Richard Gagnon
Independent Director7.7yrsCA$136.00k0.0057%
CA$ 93.5k
M. Daniel Lafrance
Independent Director14.8yrsCA$190.00k0.030%
CA$ 483.1k
Ouma Sananikone-Fletcher
Independent Director5.9yrsCA$109.50kno data
Marc-Andre Aube
Independent Director1.1yrsCA$7.83k0.029%
CA$ 476.5k
Jean-Hugues Lafleur
Non-Independent Directorless than a yearno datano data
Nathalie Francisci
Independent Director7.7yrsCA$119.00k0.00049%
CA$ 8.0k
Louis Veci
Non-Independent Director4.9yrsno datano data
Pierre Brodeur
Independent Director4.7yrsCA$125.00kno data
Radha Curpen
Independent Director2.1yrsCA$101.39kno data
Ramon Pancratio Dizon
Directorno datano datano data

5.9yrs

Average Tenure

63yo

Average Age

Experienced Board: INE's board of directors are considered experienced (5.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 23:34
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

Innergex Renewable Energy Inc. is covered by 22 analysts. 7 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