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

Primary Symbol: T.INE Alternate Symbol(s): INGXF | 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 > Time to put this brutal quarter behind them

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Post by apollojetic on May 11, 2021 5:36pm

Time to put this brutal quarter behind them

Transitioning away from power hedges model with their newest Texas operations. Thankfully. This weather event really caught them off guard and it shouldn't have.

The payout ratio for the quarter was 170%. Without the weather event it was still 140%. Not good at all. Last year comparitively it was 113%. This is unsustainable IMO. What the heck is this management doing.

Please get this payout ratio in line with your earnings.

They need a new catalyst like a great aquisition maybe.

Very disappointed in this management but need to look longer term and hopefully they can right the ship.

What else can you say. The positive momentum will take time to restore.

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