Innergex Renewable Energy Inc T.INE

Any comments on steady decline in sp?

[RDK241t]

Innergex is down significantly from its high of over $32.00. Besides the weather situation in Texas causing wind turbines to freeze, is there anything else that may be contributing to the sp decline? There has been no bad news that I'm aware of and things look positive on the green initiative front since Biden took office so any ideas on what's happening? 

Boldforbes: you're always good for some fresh insight, any thoughts?

[ninjakiss]

https://thecanadian.news/2021/02/18/to-watch-innergex-dorel-and-shopify/ TL:DR They had to purchase a certain amount of MWh at the market price (around 4K$) while being contractually obligated to sell it to the texan market for around 20$ MWh. Might explain some of the slide. 

[tayson]

A few other factors: 1) INE was way overbought and a share price correction was inevitable, 2) interest rates and bond yields going up which is a double whammy in terms of increasing interest payments on any revolving short term debt as well as diverting potential investor interest towards other safer and higher yield instrument, and 3) as I have mentioned here several times the growth at all