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Bullboard - Stock Discussion Forum Innergex Renewable Energy Inc T.INE.P.A


Primary Symbol: T.INE Alternate Symbol(s):  INGXF | T.INE.DB.B | T.INE.DB.C | T.INE.P.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 renewable power-generating facilities with a focus on hydroelectric, wind and solar production as well as energy storage technologies. The Company produces and sells electricity generated by its hydroelectric, wind and solar facilities to publicly owned... see more

TSX:INE - Post Discussion

Innergex Renewable Energy Inc > INE takes a tumble
View:
Post by Vega1357 on Apr 28, 2022 5:52pm

INE takes a tumble

Anyone have any idea why INE took such a tumble today when the other renewables were relatively stable?
Comment by Stratocheif on Apr 28, 2022 7:27pm
Because ine has no equity. It's all owned by the creditors. Take "intangibles" off the balance sheet and the shares are worth nothing. Can anyone explain to me what these intangibles are? I don't think they are anything...just put there to make it look like your shares are worth something
Comment by Vega1357 on Apr 28, 2022 11:35pm
I'm not sure if what you say is true, but even if it were then that has been the case for sometime and didn't just happen today. So I don't think that explains today's 3% drop.
Comment by apollojetic on Apr 29, 2022 12:43pm
Total speculation at this point but what else do we have. Maybe a ratings downgrade in the works sniffed out by some institutional investors, or a possible dividend reduction, or bad Q1 numbers coming on the May 10th earnings release. Either way, Innergex has not turned out to be a very good investment over the past few years. That $30+ was the high point of the enthusiasm which has waned ...more  
Innergex Renewable Energy Inc