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Innergex Renewable Energy Inc T.INE.P.C


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

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.


TSX:INE - Post by User

Post by Vega1357on Sep 08, 2021 5:06pm
183 Views
Post# 33828727

Back in

Back inAfter yesterday's large advance in the share price, I anticipated a pullback and we got it which I used to buy back most of the shares of INE that I sold yesterday. I got them at an average price of $21.24 in my margin account and $21.12 in my RRIF. I continue to be bullish on this stock. The average analysts' price target for INE according to Marketbeat is $25.43 giving it an average appreciation potential of 21% which is pretty good. Going to the high end of the analysts price targets ($27 in the case of the National Bank and National Bankshares) gives one an appreciation potential of 28% which is superb. And I would be remiss if I didn't mention INE's 52 week high of $32.48 reached in January 2021. If it returned to that level, the stock would have appreciated 54% from today's close. I think I've provided plenty of reasons here to buy INE. 
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