Innergex is a leading Canadian independent renewable power producer that engages in the development, ownership, and operation of hydroelectric facilities, wind farms, and solar farms. The company has operations in Canada, France, the U.S., and Chile which are also its geographic segments.
Innergex owns interests in a total of 75 facilities including 37 hydroelectric facilities, 32 wind farms, and six solar farms. The company has a well-balanced portfolio diversified by both location and technology.
Its operating segments are hydroelectric (29% of net installed capacity in 2020), wind (57%), and solar (14%) power generation having a gross installed capacity of 3,694 MW.
Stock Chart & Metrics
- Ticker: TSE:ine
- Sector: Utilities
- Industry: Utilities - Renewable
- Market Cap: 2.95B
- Market Cap Group: Mid Cap
- P/E: 0.00
- Dividend Yield: 4.99%
- Grade: C
- Dividend Aristocrat: YES
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 3/10
- Dividend Income Fit: 8/10
Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| BEP.UN | TSE:BEP.UN | Brookfield Renewable Partners | 11.00 | 0.00 | 4.64 | NO | 1 | 12 | 109 |
| NPI | TSE:NPI | Northland Power | 8.33 | 9.61 | 3.61 | NO | 1 | 12 | 109 |
| BEPC | TSE:BEPC | Brookfield Renewable Partners | 7.57 | 0.00 | 4.23 | NO | 1 | 12 | 109 |
| AQN | TSE:AQN | Algonquin Power & Utilities Corp | 7.41 | 0.00 | 5.42 | YES | 1 | 12 | 109 |
| BLX | TSE:BLX | Boralex | 4.00 | 133.29 | 1.70 | NO | 1 | 12 | 109 |
| RNW | TSE:RNW | TransAlta Renewables | 3.19 | 43.12 | 7.87 | NO | 1 | 12 | 109 |
| INE | TSE:INE | Innergex Renewable Energy | 2.95 | 0.00 | 4.99 | YES | 1 | 12 | 109 |
| PIF | TSE:PIF | Polaris Infrastructure | 0.27 | 76.51 | 6.32 | NO | 1 | 12 | 109 |
Top Picks by Bay Street Experts
Expert stock analysts have shared their opinions, and sometimes prediction, on the company.
For more top picks from stock analysts on Bay Street, check the full list of top picks by expect stock analysts from investment and asset management firms.
Not all analysts are equal and they don't cover the same type of stocks. The analysts performance and ownership is tracked for comparison.
Innergex Renewable Energy - FAQ
What is the stock ticker for Innergex Renewable Energy?
The stock ticker for Innergex Renewable Energy is TSE:ine.
Is Innergex Renewable Energy a good stock to buy?
You need to consider your investment strategy and how TSE:ine can fit in your portfolio.
The current dividend income score of 8/10 and dividend growth score of 3/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is Innergex Renewable Energy a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 48 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.
How can I buy stocks for Innergex Renewable Energy?
You can easily buy the INE stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.