Innergex Renewable Energy Inc T.INE

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

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 > 52 week low

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Comment by taysonon Dec 17, 2021 11:20am

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Post# 34240710

RE:52 week low

Tax loss selling certainly a factor. As well as momentum/day-traders piling on based on the trend and opportunity for a short term gain. Innergex needs some good news after two brutal years with major setbacks (BC Hydro force majeure in 2020 and Texas in 2021). Winning their legal challenge against BC Hydro would be a good start. Have added significantly to my position the last two weeks. While I have been critical of the growth philosophy at Innergex, I am highly confident these prices represent a unique buying opportunity.

tayson

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