Innergex Renewable Energy Inc T.INE.PR.A

Bad investment so far...

[billroth]

In fact, this is my worst investment. In this "woke" society we're now living in, with all the climate BS push down our throat, with the stupid politicians throwing all this money in "clean" energy and after reading multiple analysts, i got dragged into this one... and it's painful !!!

Anyone having a more positive opinion?

[Capharnaum]

Imo, they are paying too much and their margins are too thin for the sake of increasing revenues. While money is being thrown in, there's a lot of competition and multiples are too high. On the positive, the returns on new projects should be better going forward.

[BrainNugget]

I am nocompant too keen on solar and wind as an investment but INE is primarily hydro power . They operate 40 hydro sites and those alone are worth more than their current market cap.

[tayson]

Did you read the quartlery results?  The graph and table below give some insight into just how far off base your comment is.  Determining value of the hydro assets is an interewsting exercise, as the only real value is how much EBITDA or cash flow or net earnings they contribute.  Based on recent years, I would guess this value ius not even close to market cap, but would need to dig

[tayson]

Guess I can't paste tables or graphs.  From 2022 Annual Report, Hydro represents about 38% of EBITDA, and that percentage is decreasing as the focus on solar and wind continues. Hydro delivered 87% of Long Term Average for 2022, 96% in 2021, and 82% for Q1 2023.  

[Stratocheif]

What are the intangibles on thier balance sheet. If these  Hydro facilities are worth it why not have them at fair value or goodwill. Mcdonalds has intangibles in brand recognition. What brand recognition does Ine have?  

[tayson]

McDonalds sells directly to the public, and therefore the value of brand recognition translates directly into the bottom line. INE has no such advantage except to the extent their name gives them direct access to projects or PPA's.  I am not aware of them ever receiving a direct award PPA.  Assets and PPA's are generally awarded in highly competitive processes. Either way, it'

[wkrpradio]

It has nothing to do with hambugers. It's all abour R.O.I. The more $ that a company makes , the higher the trading value of it's shares. 

[Stratocheif]

That's fine. But maybe you can explain to me what this huge number on thier balance sheet under the heasing intangibles. What is that??? Intangibles are recognized as an asset . Even though there is nothing tangible there. Examples....brand recognition. This can have a huge value. Innergex doesn't have any such thing. No more than any other utility. So why the intangibles in thier balance

[wkrpradio]

So you don't understang what R.O.I. is about but you like your BigMac ?