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 > Dividend cut necessary

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Comment by taysonon Feb 12, 2024 5:55pm

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Post# 35876443

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Dividend cut necessary

This is concerning on many levels. First of all, how did RBC get this information, which wasn't available to the average investor? Second, it smells of an attempt at blame/distraction from management's inability to increase EPS, the true underlying issue. Had they grown EPS over the last 10 years, and share price rose accordingly, they would have effectively grown themselves out of a growth-inhibiting dividend situation.

Will have to see what happens at the earnings call, and how they present the dividend cut if it transpires.

tayson

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