Innergex Renewable Energy Inc T.INE.P.C

Primary Symbol: T.INE Alternate Symbol(s): T.INE.P.A | INGXF | T.INE.DB.B | T.INE.DB.C

Utilities Utilities - Independent Power Producers

Innergex Renewable Energy Inc. is a Canada-based independent renewable power producer. The Company develops, acquires, owns and operates renewable power-generating facilities with a focus on hydroelectric, wind and solar production as well as energy storage technologies. The Company produces and sells electricity generated by its hydroelectric, wind and solar facilities to publicly owned utilities or other creditworthy counterparties. It operates in three segments: hydroelectric power generation, wind power generation, and solar power generation. It manages a portfolio of assets consisting of interests in 85 operating facilities with a net installed capacity of approximately 3,676 MW (gross 4,226 MW), including 40 hydroelectric facilities, 35 wind farms, nine solar farms, and one battery energy storage facility. It also holds interests in approximately 13 projects under development and several prospective projects at different stages of development.

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Innergex Renewable Energy Inc > Acquisition and new issue at $19.40

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Comment by apollojeticon Aug 18, 2021 11:59am

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Post# 33723600

RE:RE:Acquisition and new issue at $19.40

That's the key. Hydro Quebec are giving investors in Innergex something to be grateful for. They're staying with Innergex despite their Texas fiasco and low, flat share price.

Considering they purchased almost 20% of the company on Feb 6, 2020. at $19.08 per share they are definitely long term investors. You have to be very patient with this stock and hope management can execute on their long term plans.

Having Hydro Quebec on board makes this a great long term play.

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