Innergex Renewable Energy Inc T.INE.PR.A

Primary Symbol: T.INE Alternate Symbol(s): INGXF | T.INE.PR.C | 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 hydroelectric facilities, wind farms, solar farms and energy storage facilities. It operates in three segments: hydroelectric power generation, wind power generation, and solar power generation. It conducts operations in Canada, the United States, France and Chile and manages a large portfolio of high-quality assets consisting of interests in 88 operating facilities with an aggregate net installed capacity of 3,375 MW (gross 4,328 MW), including 41 hydroelectric facilities, 35 wind facilities, nine solar facilities and three battery energy storage facilities. It also holds interests in 13 projects under development with a net installed capacity of 930 MW (gross 1,281 MW), three of which are under construction, as well as prospective projects at different stages of development with an aggregate gross installed capacity totaling 9,912 MW.

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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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