TSE:INE
21.32
0.24
(1.11%)
Innergex Renewable Energy is a developer, owner and operator of run-of-river hydroelectric facilities, wind energy, and solar farms in North America.
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Analysis and Opinions about INE-T
Signal
Opinion
Expert
Chart
BUY WEAKNESS
BUY WEAKNESS
September 14, 2021
A small-cap green energy company. This sector will continue to grow and INE is expanding into the US. They issued some equity. Buy any green power producers on pullback.
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A small-cap green energy company. This sector will continue to grow and INE is expanding into the US. They issued some equity. Buy any green power producers on pullback.
BUY
BUY
July 2, 2021
Produces green power. Likes it. Trades at much higher multiples than Polaris. Would chose Polaris in the sector, but INE is a solid player in the sector.
BUY
BUY
April 27, 2021
They took a hit after the Texas power outage, and they're now litigating some of that. The Texas impact was $80 million or 3-4% impact on this year's EBITDA, so it's not a huge deal. Long-term, INE is an excellent company. It has strong asset base here in Canada and they're growing in the U.S. where they're pursuing many projects and will benefit from Biden's tax credits. Good entry point here.
Show full opinionHide full opinionThey took a hit after the Texas power outage, and they're now litigating some of that. The Texas impact was $80 million or 3-4% impact on this year's EBITDA, so it's not a huge deal. Long-term, INE is an excellent company. It has strong asset base here in Canada and they're growing in the U.S. where they're pursuing many projects and will benefit from Biden's tax credits. Good entry point here.
DON'T BUY
DON'T BUY
February 4, 2021
INE vs. RNW RNW depends on drop-down from the parent for growth. Whereas INE is an independent power producer. At current valuations, he prefers RNW. Pretty good visibility over the next few years. INE is more expensive and has good prospects, but its valuation doesn't have as much upside.
BUY
BUY
January 4, 2021
The renewable space has been very hot. Over time there will be a lot more demand for renewable energy and this company will benefit.
Show full opinionHide full opinionThe renewable space has been very hot. Over time there will be a lot more demand for renewable energy and this company will benefit.
WAIT
WAIT
February 10, 2020
It has been on fire this year (up 30%). Hydro Quebec is buying 10% of the stock. He would stay on the sidelines since it has rallied just based on a strategic alliance with Hydro Quebec.
It has been on fire this year (up 30%). Hydro Quebec is buying 10% of the stock. He would stay on the sidelines since it has rallied just based on a strategic alliance with Hydro Quebec.
BUY WEAKNESS
BUY WEAKNESS
January 29, 2019
It isn't moving with the markets. It bottomed at $12 in October and has broken out nicely since then. Interesting. Will meet resistance at current levels. But it has the potential to reach $16-17. People are buying it for the decent yield. Looks good now, but dangerous if it falls below $13.25. Take a break now after this swift run. Resistance at $15.50.
Show full opinionHide full opinionIt isn't moving with the markets. It bottomed at $12 in October and has broken out nicely since then. Interesting. Will meet resistance at current levels. But it has the potential to reach $16-17. People are buying it for the decent yield. Looks good now, but dangerous if it falls below $13.25. Take a break now after this swift run. Resistance at $15.50.
BUY
BUY
December 12, 2018
A Quebec renewable energy with a good yield over 5%. It's a safe haven for green investors. Overall, this sector is great if you want to invest green that pays a stable return. These stocks are holding their own during this downturn. These utilities attract long-term, patient capital.
Show full opinionHide full opinionA Quebec renewable energy with a good yield over 5%. It's a safe haven for green investors. Overall, this sector is great if you want to invest green that pays a stable return. These stocks are holding their own during this downturn. These utilities attract long-term, patient capital.
BUY
BUY
July 20, 2018
Great play, 100% renewable energy. Likes it. Ability to grow as well as generate a nice yield. Few places to get this nice of a dividend without taking on carbon risk. Bit more of a growth play. Yield of 5%.
Great play, 100% renewable energy. Likes it. Ability to grow as well as generate a nice yield. Few places to get this nice of a dividend without taking on carbon risk. Bit more of a growth play. Yield of 5%.
SELL
SELL
January 16, 2017
He would move on. It is a small short for him. It has high valuation and a declining share price. All the renewables and utilities had a big move up for the summer and now they are expected to do poorly. They have hefty debt also. People own it because of yield.
He would move on. It is a small short for him. It has high valuation and a declining share price. All the renewables and utilities had a big move up for the summer and now they are expected to do poorly. They have hefty debt also. People own it because of yield.
COMMENT
COMMENT
March 31, 2015
He would not be buying this here because he would be a little worried about buying a high yielding utility that is going to have very moderate dividend growth going into a rising rate environment. If you are an income oriented investor, this is a phenomenal company with a great asset. Some of the largest and most dedicated Hydro assets in Canada. Great management team. It should have some of the highest cash flow growth in the next 3 years.
He would not be buying this here because he would be a little worried about buying a high yielding utility that is going to have very moderate dividend growth going into a rising rate environment. If you are an income oriented investor, this is a phenomenal company with a great asset. Some of the largest and most dedicated Hydro assets in Canada. Great management team. It should have some of the highest cash flow growth in the next 3 years.
WATCH
WATCH
December 15, 2014
Great management team. Great assets. Long duration. 2017/18 projects will come on line and generate more cash flow. It is probably fairly valued here. He would buy at a lower level.
Great management team. Great assets. Long duration. 2017/18 projects will come on line and generate more cash flow. It is probably fairly valued here. He would buy at a lower level.
PAST TOP PICK
PAST TOP PICK
August 21, 2014
(Top Pick Jun 26/13, Up 31.00%) They have a lot of hydro projects under development. Very stable but not exciting. Buy on weakness.
(Top Pick Jun 26/13, Up 31.00%) They have a lot of hydro projects under development. Very stable but not exciting. Buy on weakness.
PAST TOP PICK
PAST TOP PICK
October 7, 2013
(Top Pick Jun 26/13, Up 2.00%) More like a bond with growth, renewable energy with long term contracts. Picked it for the safety and dividend yield.
(Top Pick Jun 26/13, Up 2.00%) More like a bond with growth, renewable energy with long term contracts. Picked it for the safety and dividend yield.
BUY
BUY
September 4, 2013
Has been caught up in this general inter-sensitive correction we been through over the last 6 months. Feels that this is in the course of bottoming. Good assets. Valuation is quite compelling. 6.6% dividend yield.
Has been caught up in this general inter-sensitive correction we been through over the last 6 months. Feels that this is in the course of bottoming. Good assets. Valuation is quite compelling. 6.6% dividend yield.
Innergex Renewable Energy(INE-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 4
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 5
Innergex Renewable Energy(INE-T) Frequently Asked Questions
What is Innergex Renewable Energy stock symbol?
Innergex Renewable Energy is a Canadian stock, trading under the symbol INE-T on the Toronto Stock Exchange (INE-CT). It is usually referred to as TSX:INE or INE-T
Is Innergex Renewable Energy a buy or a sell?
In the last year, 5 stock analysts published opinions about INE-T. 4 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY on WEAKNESS. Read the latest stock experts' ratings for Innergex Renewable Energy.
Is Innergex Renewable Energy a good investment or a top pick?
Innergex Renewable Energy was recommended as a Top Pick by Christine Poole on 2021-09-14. Read the latest stock experts ratings for Innergex Renewable Energy.
Why is Innergex Renewable Energy stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Innergex Renewable Energy worth watching?
5 stock analysts on Stockchase covered Innergex Renewable Energy In the last year. It is a trending stock that is worth watching.
What is Innergex Renewable Energy stock price?
On 2021-09-20, Innergex Renewable Energy (INE-T) stock closed at a price of $21.32.
