Innergex Renewable Energy Inc trades with the ticker INE on the TSX and is in the Utilities – Renewable industry.
Overview
Innergex Renewable Energy Inc. operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation. As of December 31, 2023, it owns and operates 87 facilities with a net installed capacity of 4,234 megawatts, which include 41 hydroelectric facilities, 35 wind facilities, 9 solar farms, and 2 storage facilities. Innergex Renewable Energy Inc. is headquartered in Longueuil, Canada.
Looking to invest in Innergex Renewable Energy Inc? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
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INE.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $1768.077MM
PE Ratio:
Price: 8.57 (Updated: 3/12/2024 0:47:16)
Innergex Renewable Energy Inc (INE) vs Competitors in Utilities – Renewable
Lets see how INE.TO stacks up against others in the Utilities – Renewable asset management industry. We have identified its main peers as:Algonquin Power & Utilities Corp, Brookfield Renewable Partners L.P, Boralex Inc, Northland Power Inc, Polaris Infrastructure Inc
.Utilities – Renewable Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| Algonquin Power & Utilities Corp (AQN) | $5,955.301 | N/A | 43.311 | 7.3% |
| Brookfield Renewable Partners L.P (BEP-UN) | $21,543.555 | N/A | 12.062 | 6.0% |
| Boralex Inc (BLX) | $3,072.704 | 38.831 | 11.002 | 2.2% |
| Innergex Renewable Energy Inc (INE) | $1,768.077 | N/A | 15.629 | 4.2% |
| Northland Power Inc (NPI) | $6,143.534 | N/A | 13.595 | 5.0% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within Utilities – Renewable
- Innergex Renewable Energy Inc (INE) vs Algonquin Power & Utilities Corp (AQN)
- AQN has higher EPS (-0.49 vs -0.51). AQN has higher dividend yield (7.3% vs 4.2%). AQN and INE both have P/E’s under 0.
- Innergex Renewable Energy Inc (INE) vs Brookfield Renewable Partners L.P (BEP-UN)
- BEP-UN has higher EPS (-0.43 vs -0.51). BEP-UN has higher dividend yield (6.0% vs 4.2%). BEP-UN and INE both have P/E’s under 0.
- Innergex Renewable Energy Inc (INE) vs Boralex Inc (BLX)
- BLX has higher EPS (0.77 vs -0.51). INE has higher dividend yield (4.2% vs 2.2%). INE has a P/E under 0, indicating BLX (P/E 38.831) is in a better position.
- Innergex Renewable Energy Inc (INE) vs Northland Power Inc (NPI)
- INE has higher EPS (-0.51 vs -0.72). NPI has higher dividend yield (5.0% vs 4.2%). NPI and INE both have P/E’s under 0.
- Innergex Renewable Energy Inc (INE) vs Polaris Infrastructure Inc (PIF)
- PIF has higher EPS (0.75 vs -0.51). PIF has higher dividend yield (7.0% vs 4.2%). INE has a P/E under 0, indicating PIF (P/E 15.147) is in a better position.
Our Recommendation: Hold
Shows positive EPS growth from this year to next, suggesting improving profitability. Features a lower EV/EBITDA ratio (15.63) than the industry average (25.55), indicating attractive valuation.
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