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Last C$11.24 CAD
Change Today +0.01 / 0.09%
Volume 82.9K
INE On Other Exchanges
Symbol
Exchange
Berlin
OTC US
As of 4:00 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

innergex renewable energy (INE) Snapshot

Open
C$11.21
Previous Close
C$11.23
Day High
C$11.26
Day Low
C$11.17
52 Week High
02/19/15 - C$12.36
52 Week Low
10/16/14 - C$9.81
Market Cap
1.1B
Average Volume 10 Days
196.5K
EPS TTM
C$0.61
Shares Outstanding
100.9M
EX-Date
03/27/15
P/E TM
18.4x
Dividend
C$0.62
Dividend Yield
5.38%
Current Stock Chart for INNERGEX RENEWABLE ENERGY (INE)

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innergex renewable energy (INE) Details

Innergex Renewable Energy Inc. operates as an independent renewable power producer in North America. It develops, owns, and operates run-of-river hydroelectric facilities, wind energy farms, and solar photovoltaic farms. The company operates through four segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development. It holds interests in 26 operating hydroelectric facilities with an aggregate net installed capacity of 417.7 megawatts (MW); 6 wind farms with an aggregate net installed capacity of 236.3 MW; and 1 solar farm with a capacity of 33.2 MW. The company has operations in Quebec, Ontario, and British Columbia, Canada, as well as in Idaho, the United States. Innergex Renewable Energy Inc. was founded in 1990 and is headquartered in Longueuil, Canada.

181 Employees
Last Reported Date: 02/24/15
Founded in 1990

innergex renewable energy (INE) Top Compensated Officers

Chief Executive Officer, President, Non-Indep...
Total Annual Compensation: C$475.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$265.3K
Senior Vice President of Operations & Mainten...
Total Annual Compensation: C$231.0K
Senior Vice President – Hydroelectric Project...
Total Annual Compensation: C$195.7K
Chief Investment Officer and Senior Vice Pres...
Total Annual Compensation: C$254.2K
Compensation as of Fiscal Year 2014.

innergex renewable energy (INE) Key Developments

Innergex Renewable Energy Seeks Acquisitions

Michel Letellier, President and Chief Executive Officer of Innergex Renewable Energy Inc. (TSX:INE) said that we will maintain a discipline of acquisitions that are accretive to cash flow. This will be important for us into any future M&A activity.

Innergex Renewable Energy Inc. Announces Consolidated Operating and Financial Results for the Fourth Quarter and Full Year Ended December 31, 2014

Innergex Renewable Energy Inc. announced consolidated operating and financial results for the fourth quarter and full year ended December 31, 2014. For the quarter, the corporation recorded revenues of CAD 68,215,000, compared with CAD 41,365,000 for the same period in the last year. Adjusted EBITDA was CAD 48,748,000, compared with CAD 25,565,000 for the same period in the last year. Net loss was CAD 27,568,000 or CAD 0.21 per basic and diluted share, compared with net earnings of CAD 3,423,000 or CAD 0.05 per basic and diluted share for the same period in the last year. For the year, the corporation recorded revenues of CAD 241,834,000, compared with CAD 198,259,000 for the same period in the last year. This 22% increase is attributable mainly to the increase in production. Furthermore, when compared with the increase in production, the smaller increase in revenues is attributable to the lower average selling price for electricity. Adjusted EBITDA was CAD 179,562,000, compared with CAD 148,916,000 for the same period in the last year. This 21% increase remains in line with the increase in revenues and reflects higher general and administrative expenses as well as prospective project expenses, which explains the reduction in Adjusted EBITDA Margin from 75.1% to 74.3%. Net loss was CAD 84,378,000 or CAD 0.63 per basic and diluted share against net earnings of CAD 45,431,000 or CAD 0.43 per basic and diluted share for the same period last year. This negative change is due mainly to a CAD 121.7 million unrealized net loss on derivative financial instruments resulting from a decrease in benchmark interest rates during the year, compared with an unrealized net gain of CAD 45.2 million resulting from an increase in benchmark interest rates during the same period last year. Free cash flow was CAD 67,744,000 against CAD 58,982,000 a year ago. This increase is due mainly to higher Adjusted EBITDA, partly offset by higher finance costs. For the quarter, the company’ generated 819,903 MWh power against 496,613 MWh for the same period in the last year. Long-term average production was 685,852 MWh against 608,787 MWh for the same period in the last year. For the year, the company’ generated 2,962,450 MWh power against 2,381,820 MWh for the same period in the last year. Long-term average production was 2,964,070 MWh against 2,502,562 MWh for the same period in the last year.

Innergex Renewable Energy Inc. Declares Dividend on Common Shares and Series A and Series C Preferred Shares, Payable on April 15, 2015

Innergex Renewable Energy Inc. declared a dividend of $0.3125 per series A preferred share payable on April 15, 2015, to series A preferred shareholders of record at the close of business on March 31, 2015. Dividend of $0.359375 per series C preferred share payable on April 15, 2015, to series C preferred shareholders of record at the close of business on March 31, 2015. The company also declared a dividend of $0.155 per common share payable on April 15, 2015, to common shareholders of record at the close of business on March 31, 2015.

 

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INE

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Valuation INE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.9x
Price/Book 3.1x
Price/Cash Flow 17.9x
TEV/Sales NM Not Meaningful
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