Buy, Sell or Hold: Innergex Renewable Energy (INE-T)

TSE:INE

17.30

0.45 (2.54%) 1d

Showing 1 to 15 of 31 entries

DON'T BUY

Good producer. He owns the preferred shares. His favourites in the space include AQN, FTS, and BIP.UN. Nothing wrong with INE. Focus is more wind-focused, so growth profile is not as diversified. Balance sheet is not as strong.

electrical utilities

WEAK BUY

Allan Tong’s Discover Picks The company is expanding into the U.S. though the 2021 Texas power outage hit the company by $80 million or around 3.5% of that year’s EBITDA. Revenues are expected to rise 18.2% and 25.3% this year and next, but its debt-to-capital ratio of 77.1% is the highest in this group. Market share is slipping and the company remains unprofitable with its ROI at -2.98%, profit margin of -24.08% and PE at -233x. Read 3 dividend stocks to fight inflation for our full analysis.

electrical utilities

BUY

He holds a renewable power portfolio. He started buying this after the Texas ice storms around $17. Likes it. It has the development pipeline he likes. A smaller-cap to the green super-majors in Europe. INE has pulled back. Is a dividend grower and their operations will expand in the future.

electrical utilities

BUY

It is a new addition for him on the renewable side. He took advantage of the Texas ice storm a couple of years ago. He likes the valuation.

electrical utilities

BUY on WEAKNESS

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.

electrical utilities

BUY

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.

electrical utilities

BUY

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.

electrical utilities

DON'T BUY

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.

electrical utilities

BUY

The renewable space has been very hot. Over time there will be a lot more demand for renewable energy and this company will benefit.

electrical utilities

WAIT

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.

electrical utilities

BUY on WEAKNESS

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.

electrical utilities

BUY

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.

electrical utilities

BUY

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%.

electrical utilities

SELL

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.

electrical utilities

COMMENT

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.

electrical utilities

Showing 1 to 15 of 31 entries

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

Stockchase rating for Innergex Renewable Energy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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 2022-06-30, Innergex Renewable Energy (INE-T) stock closed at a price of $17.3.

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