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Bullboard - Stock Discussion Forum 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

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... see more

TSX:INE - Post Discussion

Innergex Renewable Energy Inc > What exactly is this stock worth
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Post by Stratocheif on May 13, 2021 6:15pm

What exactly is this stock worth

Im not surprised by the drop. I was surprised back in january how high it went. Idiotic green energy mania. Even at this price what does one get when they buy a share? As per latest financials we have a company with about 4 billion of debt and 800 million equity. And 885 million of "intangables". What exactly is it that allows them to claim a unique blessing valued at 885 million? So a share of this company is really worth nothing imo. The bondholders own this company. And an accumulated deficit of 1.3 billion on top of that. Typical Quebec company.
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