Innergex Renewable Energy Inc. (INE:CA) Stock Forecast
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CAD 11.05
(+23.46%)
Based on the Innergex Renewable Energy Inc. stock forecast from 6 analysts, the average analyst target price for Innergex Renewable Energy Inc. is CAD 11.05 over the next 12 months. Innergex Renewable Energy Inc.’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Innergex Renewable Energy Inc. is Slightly Bearish, which is based on 5 positive signals and 9 negative signals. At the last closing, Innergex Renewable Energy Inc.’s stock price was CAD 8.95. Innergex Renewable Energy Inc.’s stock price has changed by +20.13% over the past week, +19.81% over the past month and +16.69% over the last year.
No recent analyst target price found for Innergex Renewable Energy Inc.
No recent average analyst rating found for Innergex Renewable Energy Inc.
Company Overview Innergex Renewable Energy Inc.
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 February 21, 2024, it owned and operated 87 facilities with a net installed capacity of 3,600 megawatts, including 41 hydroelectric facilities, 35 wind facilities, 9 solar facilities, and 2 battery energy storage facilities. The company is headquartered in Longueuil, Canada. Read Less
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...Read More
Frequently Asked Questions About Innergex Renewable Energy Inc. (INE:CA) Stock
Based on ratings from 6 analysts Innergex Renewable Energy Inc.'s stock is Buy . Stock Target Advisor's fundamental analysis is Slightly Bearish. The stock has 2 buy, sell and 3 hold ratings.
INE:CA stock's dividend yield is 4.91%.
Our analysis grades INE:CA stock's dividend yield at F. This means that INE:CA stock's dividend yield is above 20% of the stocks in the Utilities - Renewable sector in the TSX exchange.
Based on this INE:CA may be a poor dividend stock for its sector.
Based on targets from 6 analysts, the average taret price for INE:CA is CAD 11.05 over the next 12 months. The maximum analyst target price is CAD 16 while the minimum anlayst target price is CAD 9.
INE:CA stock's Price/Earning ratio is 272.25.
Our analysis grades INE:CA stock's Price / Earning ratio at F. This means that INE:CA stock's Price/Earning ratio is above 75% of the stocks in the Utilities - Renewable sector in the TSX exchange.
Based on this INE:CA may be a overvalued for its sector.
The last closing price of INE:CA's stock was CAD 8.95.
The most recent market capitalization for INE:CA is CAD 1.51B.
Based on targets from 6 analysts, the average taret price for INE:CA is projected at CAD 11.05 over the next 12 months.
This means that INE:CA's stock price may go up by +23.46% over the next 12 months.
We can't find any ETFs which contains Innergex Renewable Energy Inc.'s stock.
As per our most recent records Innergex Renewable Energy Inc. has 602 Employees.
Innergex Renewable Energy Inc.'s registered address is 1225 Saint-Charles Street West, Longueuil, QC, Canada, J4K 0B9.
You can get more information about it from Innergex Renewable Energy Inc.'s website at https://www.innergex.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Underpriced on cashflow basis
The stock is trading low compared to its peers on a price to cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior total returns
The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
What not to like
Poor capital utilization
The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
Low market capitalization
This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Frequently Asked Questions About Innergex Renewable Energy Inc. (INE:CA) Stock
Based on ratings from 6 analysts Innergex Renewable Energy Inc.'s stock is Buy . Stock Target Advisor's fundamental analysis is Slightly Bearish. The stock has 2 buy, sell and 3 hold ratings.
INE:CA stock's dividend yield is 4.91%.
Our analysis grades INE:CA stock's dividend yield at F. This means that INE:CA stock's dividend yield is above 20% of the stocks in the Utilities - Renewable sector in the TSX exchange.
Based on this INE:CA may be a poor dividend stock for its sector.
Based on targets from 6 analysts, the average taret price for INE:CA is CAD 11.05 over the next 12 months. The maximum analyst target price is CAD 16 while the minimum anlayst target price is CAD 9.
INE:CA stock's Price/Earning ratio is 272.25.
Our analysis grades INE:CA stock's Price / Earning ratio at F. This means that INE:CA stock's Price/Earning ratio is above 75% of the stocks in the Utilities - Renewable sector in the TSX exchange.
Based on this INE:CA may be a overvalued for its sector.
The last closing price of INE:CA's stock was CAD 8.95.
The most recent market capitalization for INE:CA is CAD 1.51B.
Based on targets from 6 analysts, the average taret price for INE:CA is projected at CAD 11.05 over the next 12 months.
This means that INE:CA's stock price may go up by +23.46% over the next 12 months.
We can't find any ETFs which contains Innergex Renewable Energy Inc.'s stock.
As per our most recent records Innergex Renewable Energy Inc. has 602 Employees.
Innergex Renewable Energy Inc.'s registered address is 1225 Saint-Charles Street West, Longueuil, QC, Canada, J4K 0B9.
You can get more information about it from Innergex Renewable Energy Inc.'s website at https://www.innergex.com.
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