Bullboard - Stock Discussion Forum 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... see more

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TSX:INE - Post Discussion

Innergex Renewable Energy Inc > Chris Blumas - BNN- Don't buy?

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Post by Possibleidiot01 on Dec 13, 2023 3:09pm

Chris Blumas - BNN- Don't buy?

"You need to do something at some point. More recovery potential than others."

Well , this suggests if you're brave , averaging down.

stockchase.com

DON'T BUY

Tough, down about half. Lots of money was chasing few investment outlets, and that bid up the multiples of all green energy. Valuation changed dramatically, further compounded by rising interest rates. Operating weakness. Steer clear.

If you own it, hard to exit at a 50% loss. You need to do something at some point. More recovery potential than others. Other income opportunities out there with less risk.

electrical utilities

$9.000