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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

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.


TSX:INE - Post by User

Post by Vega1357on Sep 08, 2021 5:06pm
257 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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