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

Add To Watchlist

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?

293

Comment

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

269

Comment

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.

260

Comment

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

292

Comment

Innergex Renewable Energy Inc