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Last C$10.73 CAD
Change Today +0.41 / 3.97%
Volume 320.8K
INE On Other Exchanges
Symbol
Exchange
Toronto
Berlin
OTC US
As of 4:00 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

innergex renewable energy (INE) Snapshot

Open
C$10.42
Previous Close
C$10.32
Day High
C$10.75
Day Low
C$10.31
52 Week High
02/19/15 - C$12.36
52 Week Low
08/24/15 - C$9.51
Market Cap
1.1B
Average Volume 10 Days
326.4K
EPS TTM
C$0.01
Shares Outstanding
101.3M
EX-Date
09/28/15
P/E TM
729.7x
Dividend
C$0.62
Dividend Yield
5.69%
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 Inc. Announces Earnings Results for the Second Quarter of 2015; Provides Financial Guidance for the Full Year of 2017

Innergex Renewable Energy Inc. announced earnings results for the second quarter of 2015. For the quarter, the company reported revenues for the quarter of $70.2 million compared with $69.6 million in 2014. Adjusted EBITDA for the quarter stood at $53.4 million compared to $53.8 million in second quarter of 2014. During the quarter, a $24.7 million loss was realized on derivative financial instruments resulting from the settlement of the Big Silver Creek bond forwards contract upon closing of the $197.2 million financing of the project. The corporation recognized unrealized gains on derivative financial instruments of $43.1 million due mainly to the reversal of the unrealized loss accrued upon settlement of the bonds forwards contract of Big Silver. Excluding the realized loss and unrealized gains on loss on derivatives and the related income taxes, net earnings would have reached $7.4 million for the quarter compared with $8.5 million for second quarter of 2014. Revenues for the first 6 months were $127.9 million compared to $107.2 million last year. The increase is due to above-average water flows in BC and higher wind regimes and contribution of SM-1 in June 2014. Adjusted EBITDA for year-to-date stood at $96.4 million compared to $79.1 million in 2014. The increase is mainly due to the higher production since the beginning of the year. Excluding the realized loss and unrealized gains on loss on derivatives and the related income taxes, net earnings would have reached $13.6 million for the first 6 months compared to a loss of $2.8 million in 2014. The company is forecasting for 2017, based on the long-term average, $295 million of EBITDA. So that's an increase of about 63% from 2014 up to 2017. The company given the guidelines of $95 million of free cash flow for 2017 based on the good financing and better financing than the company had anticipated, the company have now a conservative forecast of $105 million for 2017, so that's $10 million more cash flow available in 2017.

Reinnergex Renewable Energy Inc. Declares Dividend on Common Share, Series A Preferred Share and Series C Preferred Share Payable on October 15, 2015

Innergex Renewable Energy Inc. declared a dividend of CAD 0.3125 per series A preferred share, dividend of CAD 0.359375 per series C preferred share payable on October 15, 2015, record date is September 30, 2015. The company also declared a dividend of CAD 0.1550 per common share payable on October 15, 2015, record date is September 30, 2015.

Innergex Renewable Energy Might Seek Acquisitions

Innergex Renewable Energy Inc. (TSX:INE) will use net proceeds of 4.25% convertible debenture offering to reduce drawings under its revolving term credit facility. The funds available under the revolving term credit facility will be use to finance the redemption of all outstanding 5.75% convertible debentures on August 20, 2015, and to fund future acquisitions, development projects and/or general corporate purposes.

 

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INE

Industry Average

Valuation INE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.7x
Price/Book 2.8x
Price/Cash Flow 20.5x
TEV/Sales NM Not Meaningful
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