Innergex Renewable Energy (INE.TO) Stock Price
Innergex Renewable Energy Price
Revenue has compounded at 32.9% per year over the past 19 years to 1.05 B CAD. Earnings per share have declined at 0.2% per year over the last 19 years. Innergex Renewable Energy's net margin stands at 1.5%, up from -4.7% several years earlier. The payout ratio is around 346% of earnings.
Innergex Renewable Energy stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Innergex Renewable Energy over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Innergex Renewable Energy stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Innergex Renewable Energy's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
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Innergex Renewable Energy Revenue, EBIT, Net Income
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Innergex Renewable Energy Income Statement, Balance Sheet, Cash Flow Statement
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | 2026e | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.24 | 0.25 | 0.29 | 0.40 | 0.58 | 0.56 | 0.61 | 0.75 | 0.87 | 1.04 | 1.05 | 1.27 | 1.25 | 1.20 | 1.52 | 1.71 |
| 21.72 | 2.07 | 18.70 | 36.99 | 44.00 | -3.30 | 10.05 | 21.86 | 16.47 | 19.66 | 0.58 | 21.11 | -1.66 | -3.61 | 26.29 | 12.32 |
| 92.53 | 92.68 | 92.47 | 92.00 | 58.68 | 82.23 | 78.47 | 45.78 | 37.47 | 75.02 | 77.65 | 77.65 | 77.65 | 77.65 | 77.65 | 77.65 |
| 0.22 | 0.23 | 0.27 | 0.37 | 0.34 | 0.46 | 0.48 | 0.34 | 0.33 | 0.78 | 0.81 | 0.98 | 0.97 | 0.93 | 1.18 | 1.32 |
| 105.00 | 183.00 | 131.00 | 173.00 | 191.00 | 242.00 | 236.00 | 269.00 | 301.00 | 219.00 | 270.00 | 354.00 | 348.00 | 335.00 | 424.00 | 476.00 |
| 43.57 | 74.39 | 44.86 | 43.25 | 33.16 | 43.45 | 38.50 | 36.01 | 34.60 | 21.04 | 25.79 | 27.92 | 27.91 | 27.87 | 27.93 | 27.92 |
| -54.00 | -30.00 | 35.00 | 30.00 | 32.00 | -53.00 | -29.00 | -185.00 | -91.00 | -98.00 | 15.00 | 16.00 | 28.00 | 110.00 | 89.00 | 93.00 |
| -212.50 | -44.44 | -216.67 | -14.29 | 6.67 | -265.63 | -45.28 | 537.93 | -50.81 | 7.69 | -115.31 | 6.67 | 75.00 | 292.86 | -19.09 | 4.49 |
| 0.60 | 0.62 | 0.64 | 0.66 | 0.68 | 0.70 | 0.72 | 0.72 | 0.72 | 0.72 | 0.43 | 0.36 | 0.36 | 0.36 | – | – |
| 3.45 | 3.33 | 3.23 | 3.13 | 3.03 | 2.94 | 2.86 | – | – | – | -40.28 | -16.28 | – | – | – | – |
| 102.02 | 104.64 | 109.30 | 123.31 | 132.87 | 159.68 | 174.11 | 196.69 | 203.54 | 203.61 | 203.48 | 203.48 | 203.48 | 203.48 | 203.48 | 203.48 |
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Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Innergex Renewable Energy generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Innergex Renewable Energy retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Innergex Renewable Energy's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Innergex Renewable Energy has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Innergex Renewable Energy's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Innergex Renewable Energy stock margins
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Innergex Renewable Energy Stock Revenue, EBIT, Earnings per Share
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Innergex Renewable Energy business model & stock analysis
Innergex Renewable Energy SWOT Analysis
Strengths
Innergex Renewable Energy Inc has a strong portfolio of renewable energy projects including hydro, wind, solar, and geothermal plants. This diversity allows the company to mitigate risks associated with fluctuations in any particular energy market and capitalize on growth opportunities in different sectors.
The company has secured long-term power purchase agreements with various utility companies, ensuring a stable and predictable revenue stream. These agreements provide a degree of financial security and reduce the reliance on short-term market conditions, making Innergex less susceptible to market volatility.
Innergex has consistently demonstrated strong financial performance, with increasing revenues and profitability over the years. The company's solid financial position allows it to fund new projects, expand its operations, and invest in research and development for innovative renewable energy solutions.
Weaknesses
Innergex relies heavily on government incentives, subsidies, and regulatory support for the renewable energy sector. Any changes in government policies or reduction in financial incentives could negatively impact the company's profitability and hinder its growth prospects.
As a renewable energy company, Innergex is exposed to natural conditions and climate changes. Factors such as water availability for hydro projects, wind speeds for wind farms, and solar irradiation for solar plants can affect the company's energy production and overall performance.
Opportunities
The increasing awareness of climate change and environmental sustainability has led to a rising global demand for renewable energy. Innergex can capitalize on this opportunity by expanding its renewable energy portfolio, entering new markets, and meeting the growing energy needs through sustainable solutions.
Continuous advancements in renewable energy technologies present opportunities for Innergex to improve the efficiency and cost-effectiveness of its existing projects. By adopting innovative technologies, the company can optimize its operations, reduce maintenance costs, and enhance overall energy generation capacity.
Threats
Innergex operates in a highly competitive market, with numerous players vying for renewable energy contracts and project developments. Intense competition can potentially impact the company's ability to secure new projects and maintain market share, thereby impacting its revenue growth.
Changes in government regulations, policies, and environmental standards can pose challenges to Innergex's operations. Uncertainties regarding future regulations and policies can impact project timelines, financing options, and overall business strategies, requiring the company to closely monitor and adapt to evolving regulatory landscapes.
Innergex Renewable Energy Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Innergex Renewable Energy historical P/E ratio, EBIT multiple, and P/S ratio
Innergex Renewable Energy annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Innergex Renewable Energy shares outstanding
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Innergex Renewable Energy Dividend History
16 years of dividend payments
Innergex Renewable Energy dividend history and estimates
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Innergex Renewable Energy dividend payout ratio
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Innergex Renewable Energy Analyst Rating Actions
| Date | Firm | Action | Rating | Reliability |
|---|---|---|---|---|
| 4/3/2024 | Maintained | Outperform | – | |
| 6/28/2023 | Maintained | Sector Perform | 75 | |
| 4/19/2023 | Maintained | Outperform | – |
Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.
Innergex Renewable Energy Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 5/7/2024 | 0.07CAD | - | 248.46 MCAD | - | 2024 Q1 |
| 2/20/2024 | 0.06CAD | - | 268.90 MCAD | - | 2023 Q4 |
| 8/1/2023 | 0.24CAD | - | 289.43 MCAD | - | 2023 Q2 |
| 5/8/2023 | -0.01CAD | - | 248.65 MCAD | - | 2023 Q1 |
| 2/21/2023 | 0.08CAD | - | 261.15 MCAD | - | 2022 Q4 |
| 11/7/2022 | 0.13CAD | - | 258.19 MCAD | - | 2022 Q3 |
| 8/3/2022 | 0.13CAD | - | 239.54 MCAD | - | 2022 Q2 |
| 5/10/2022 | -0.01CAD | - | 177.17 MCAD | - | 2022 Q1 |
| 2/23/2022 | 0.09CAD | - | 193.86 MCAD | - | 2021 Q4 |
| 11/9/2021 | 0.08CAD | - | 195.42 MCAD | - | 2021 Q3 |
EESG©
Eulerpool ESG Scorecard© for the Innergex Renewable Energy stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
Innergex Renewable Energy shareholder structure
| % | Name |
|---|---|
2.21450% | |
1.82332% | |
1.32576% | |
1.00078% | |
0.50957% | |
0.48392% |
Innergex Renewable Energy Beneficial Ownership Filings (SEC 13D/G)
Innergex Renewable Energy Executives and Management Board
17 members · avg. age 62 · 35 % women
Mr. Michel Letellier (60)
President, Chief Executive Officer, Non-Independent Director · since 2002
2.77 M CAD
Management
Mr. Jean Trudel
Chief Financial Officer
Ms. Pascale Tremblay
Chief Asset Officer
Mr. Yves Baribeault
Chief Legal Officer, Secretary
Mr. Alex Couture
Senior Vice President - Development, North America
Mr. Nikolaos Nikolaidis
Vice President - Investments and Financing
Ms. Colleen Giroux-Schmidt
Vice President - Corporate Relations and Environment
Board of Directors
Ms. Monique Mercier (68)
Independent Chairman of the Board
Mr. Richard Gagnon (68)
Independent Director
Mr. Marc-Andre Aube (52)
Independent Director
Mr. Pierre Brodeur (68)
Independent Director
Ms. Nathalie Francisci (54)
Independent Director
Ms. Ouma Sananikone (67)
Independent Director
Frequently asked questions about Innergex Renewable Energy
The business model of Innergex Renewable Energy Inc focuses on developing, owning, and operating renewable energy projects. As a leading independent renewable power producer, Innergex specializes in hydroelectricity, wind energy, and solar power. The company creates sustainable and diversified energy solutions to meet the growing demand for clean and renewable electricity. With a focus on long-term contracts, Innergex ensures stable cash flows and enhances shareholder value. By leveraging its expertise in project development, construction, and operation, Innergex contributes to the transition to a sustainable energy future. Innergex Renewable Energy Inc continues to play a vital role in providing environmentally friendly power generation solutions.
Innergex Renewable Energy Inc is primarily active in the renewable energy industry. They focus on developing, owning, and operating hydroelectric facilities, wind farms, solar farms, and geothermal power stations. By harnessing the power of nature, Innergex aims to contribute to a sustainable future by providing clean and renewable energy solutions.
The main competitors of Innergex Renewable Energy Inc in the market include Brookfield Renewable Partners, TransAlta Renewables Inc, NextEra Energy Partners, and Algonquin Power & Utilities Corp.
Innergex Renewable Energy Inc is a leading Canadian renewable energy company. Established in 1990, Innergex has developed, acquired, and operated numerous hydroelectric, solar, and wind power generation facilities across North America. With a strong commitment to sustainability, Innergex focuses on producing clean and renewable energy. The company's portfolio includes over 75 projects, totaling around 2,961 MW of installed capacity. Innergex strives to contribute to global efforts in reducing greenhouse gas emissions and promoting a greener future. With extensive experience and expertise in renewable energy, Innergex continues to expand its reach and make significant contributions to the renewable energy sector.
Innergex Renewable Energy Inc has achieved several significant milestones throughout its history. The company has successfully developed, acquired, and operated a diversified portfolio of renewable energy projects in North America, Europe, and Latin America. It has built a reputation for excellence in generating clean, sustainable energy from hydroelectric, wind, and solar sources. Innergex Renewable Energy Inc has expanded its operational capacity, secured long-term power purchase agreements, and fostered strategic partnerships to drive growth and innovation in the renewable energy sector. As a leader in the industry, Innergex Renewable Energy Inc continues to contribute to the global transition towards a more sustainable and environmentally friendly energy future.
Innergex Renewable Energy Inc is primarily present in various countries and regions across North America and Europe. The company has a significant presence in Canada, where it operates numerous renewable energy projects. Additionally, Innergex has a growing portfolio in the United States, primarily in states like California and Hawaii. In Europe, Innergex has operations in France, as well as emerging projects in the United Kingdom. With a focus on sustainable and clean energy solutions, Innergex Renewable Energy Inc continues to expand its presence in these regions, contributing to the transition towards a greener future.
Innergex Renewable Energy Inc represents values and a corporate philosophy focused on sustainable energy solutions. The company is committed to delivering renewable energy projects that prioritize environmental stewardship, innovation, and long-term partnerships. Innergex Renewable Energy Inc aims to generate clean power efficiently and responsibly while providing economic benefits to the communities it operates in. With a diversified portfolio of hydroelectric, wind, solar, and energy storage projects, Innergex Renewable Energy Inc actively contributes to the transition towards a low-carbon future. Through its dedication to sustainable practices and generating clean energy, the company strengthens its position as a leading renewable energy player in the industry.
10 analysts currently rate the Innergex Renewable Energy stock: 5 recommend buying, 5 holding and 0 selling. For 2026, analysts expect Innergex Renewable Energy to generate revenue of 1.25 B CAD and earnings per share of 0.14 CAD.
The Innergex Renewable Energy share (INE.TO) is listed on 4 stock exchanges, including: Frankfurt (3IX.F), Düsseldorf (3IX.DU), Toronto (INE.TO).
Innergex Renewable Energy Inc is a Canadian company that develops, owns, and operates renewable energy projects. The company's business model is based on harnessing natural resources such as water, wind, and sun for power generation. Hydropower is the main division of Innergex's business. The company owns and operates 47 hydropower plants in Canada, France, and the USA. The plants have a total capacity of 1,983 megawatts and generate approximately 6.1 million megawatt-hours of electricity annually. Innergex continuously optimizes its hydropower facilities to achieve higher energy output. Wind energy is the second important division of the company. Innergex has 9 wind farms in Canada, France, and the USA. The wind farms have a total capacity of 882 megawatts and generate approximately 2.2 million megawatt-hours of electricity annually. Innergex works closely with the communities where the wind farms are built to ensure their concerns are taken into account. Solar energy is the third division of Innergex. The company owns 12 solar power plants in Canada and France. The solar power plants have a total capacity of 91 megawatts and generate approximately 127,000 megawatt-hours of electricity annually. In addition to hydropower, wind energy, and solar energy, Innergex also operates biomass power plants. The company owns and operates 5 biomass power plants in Canada. The plants have a total capacity of 82 megawatts and generate approximately 634,000 megawatt-hours of electricity annually. Innergex uses wood waste from surrounding forests as fuel for its biomass power plants. Innergex also offers energy trading services. The company sells surplus energy from its power plants to utility companies or large customers. Innergex has entered into long-term power purchase agreements with many customers. Innergex's goal is to efficiently and profitably harness renewable energy sources. The company is committed to renewable energy to drive the transition from fossil fuels to a sustainable energy future. Innergex continuously works on optimizing and expanding its energy facilities to provide its customers with clean, reliable, and affordable energy. Overall, Innergex Renewable Energy Inc offers a wide range of products and services to meet the growing demand for renewable energy. Through the efficient use of natural resources and the development of innovative technologies, Innergex has achieved a leading position in the renewable energy sector.
The expected revenue of Innergex Renewable Energy is 1.25 B CAD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Innergex Renewable Energy is 28.53 M CAD. The net profit reflects the company's profitability after deducting all expenses.
The P/E ratio cannot be calculated for Innergex Renewable Energy at the moment.
The P/S cannot be calculated for Innergex Renewable Energy currently.
The Eulerpool Quality Score for Innergex Renewable Energy is 4/10.
The ISIN of Innergex Renewable Energy is CA45790B1040. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Innergex Renewable Energy is A0M9S7. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Innergex Renewable Energy is INE.TO. The ticker symbol is used to trade Innergex Renewable Energy shares on the stock exchange.
The current dividend yield of Innergex Renewable Energy is - %.
Innergex Renewable Energy is assigned to the 'Utilities' sector.
The dividends of Innergex Renewable Energy are distributed in CAD.
Innergex Renewable Energy stock
Innergex Renewable Energy Peer Group
Innergex Renewable Energy Ticker
Innergex Renewable Energy FIGI
All fundamentals and in-depth analysis of Innergex Renewable Energy
Our stock analysis for Innergex Renewable Energy stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Innergex Renewable Energy. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.