Innergex Renewable Energy Inc T.INE

What's With the Share Price?

[infoisgoodman]

I've seen many, what I thought, were good or positive news releases from this company over the years and thought it was positioned for decent growth.  We had a little blip but that's all.  We are now priced at 2015 levels and the stock price sure doesn't look like it wants to go up.  This is the only big Utlility company that has negative 5 year growth.  I was under the impression that this was a solid growth sector for the future.  WTF happened to this company?  I'd love to have faith but it's like a boot to the head everyday with the share price going lower.  Sorry, just rambling in confusion I guess.  GLTA.

[martrob83]

You were sold a bill of goods

[BrainNugget]

on the plus side : long life assets, longer in fact than the amortization                             almost all the debt is fixed rate or hedged long term                            predictable cash flow                

[RDK241t]

My sediments exactly. I invested big in this company, I wish they get their act together.

[robertbig]

a lot of it is simply interest rate moves, no? can someone with more knowledge on the name weigh in? if their stock priced remained at 14 dollars, the stock would be yieilding less than a risk free GIC.... that doesn't make sense to most income investors...  interest rate also increases the cost of future borrowing,  most utilties use quite a bit of debt to build/buy assets, 

[tayson]

Interest rate increases are playing a huge role, as you noted, but the disconcerning trend of negative EPS, since 2018, as well as lack of significant improvemment in payout ratio, are likley starting to influence the market for this company.  As someone said beofre, how the shareholders haven't started to throw their wiight around (needs to be led by some of the major shareholders) is