Innergex Renewable Energy (INE-T)
TSE:INE
17.65
0.21
(1.20%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
$20.810
Owned
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.
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.
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%.
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 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.
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.
(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 2.00%) More like a bond with growth, renewable energy with long term contracts. Picked it for the safety and dividend yield.
Innergex Renewable Energy(INE-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 6
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, 6 stock analysts published opinions about INE-T. 5 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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?
6 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 2022-01-26, Innergex Renewable Energy (INE-T) stock closed at a price of $17.65.
