Innergex Renewable Energy Inc T.INE

Alternate Symbol(s): INGXF | T.INE.PR.A | 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.

TSX:INE - Post by User

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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