Innergex Renewable is selling at 7.45 as of the 18th of February 2025; that is 1.64% up since the beginning of the trading day. The stock's open price was 7.33. Innergex Renewable has about a 41 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 29th of July 2023 and ending today, the 18th of February 2025. Click here to learn more.
Business Domain
Utilities
Innergex Renewable Energy Inc. operates as an independent renewable power producer in Canada, the United States, France, and Chile. Innergex Renewable Energy Inc. was founded in 1990 and is headquartered in Longueuil, Canada. INNERGEX RENEWABLE operates under UtilitiesRenewable classification in Canada and is traded on Toronto Stock Exchange. The company has 202.41 M outstanding shares of which 5.71 M shares are currently shorted by private and institutional investors with about 9.07 days to cover all short positions. More on Innergex Renewable Energy
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Innergex Renewable's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Innergex Renewable or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Innergex Renewable's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Innergex Renewable's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Debt LevelsInnergex Renewable can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Innergex Renewable's financial leverage. It provides some insight into what part of Innergex Renewable's total assets is financed by creditors.
LiquidityInnergex Renewable cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. Innergex Renewable Energy has accumulated 6.56 B in total debt with debt to equity ratio (D/E) of 4.03, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Innergex Renewable Energy has a current ratio of 0.62, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Innergex Renewable until it has trouble settling it off, either with new capital or with free cash flow. So, Innergex Renewable's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Innergex Renewable Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Innergex to invest in growth at high rates of return. When we think about Innergex Renewable's use of debt, we should always consider it together with cash and equity.
Innergex Renewable Energy (INE) is traded on Toronto Exchange in Canada and employs 602 people. Innergex Renewable is listed under Independent Power and Renewable Electricity Producers category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.51 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Innergex Renewable's market, we take the total number of its shares issued and multiply it by Innergex Renewable's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Innergex Renewable Energy operates under Independent Power and Renewable Electricity Producers sector and is part of Utilities industry. The entity has 202.41 M outstanding shares of which 5.71 M shares are currently shorted by private and institutional investors with about 9.07 days to cover all short positions.
Innergex Renewable Energy has accumulated about 162.97 M in cash with 297.85 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.31.
Check Innergex Renewable Probability Of BankruptcyOwnership AllocationInnergex Renewable Energy has a total of 202.41 Million outstanding shares. Innergex Renewable secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Innergex Renewable Energy Risk Profiles
Although Innergex Renewable's alpha and beta are two of the key measurements used to evaluate Innergex Renewable's performance over the market, the standard measures of volatility play an important role as well.
Our tools can tell you how much better you can do entering a position in Innergex Renewable without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.
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Innergex Renewable financial ratios help investors to determine whether Innergex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Innergex with respect to the benefits of owning Innergex Renewable security.