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Last C$10.73 CAD
Change Today +0.04 / 0.37%
Volume 346.4K
INE On Other Exchanges
Symbol
Exchange
Toronto
Berlin
OTC US
As of 4:00 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

innergex renewable energy (INE) Snapshot

Open
C$10.67
Previous Close
C$10.69
Day High
C$10.76
Day Low
C$10.67
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
230.8K
EPS TTM
C$0.24
Shares Outstanding
101.3M
EX-Date
06/26/15
P/E TM
44.1x
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 Closing of CAD 197.2 Million Financing for 40.6 MW Hydropower Plant in West Canada

Innergex Renewable Energy Inc. announced the closing of the CAD 197.2 million financing for a 40.6-MW run-of-river hydropower plant (HPP) in west Canada. The Manufacturers Life Insurance Co. acted as agent and lead lender, and the Caisse de Depot et placement du Quebec (CDPQ) as lender for the non-recourse construction and term project financing. Construction loan tranche (in CAD) Interest rate After the HPP starts commercial operation it converts into CAD 51 million 4.56% 25-year term loan, CAD 128.3 million 4.76% 40-year term loan and CAD 17.9 million 4.76% 40-year term loan. The Big Silver Creek HPP is located in Harrison Hot Springs, British Columbia province. Construction started in 2014 and the tunnel has already been completed. Upon completion in late 2016, the facility will start selling roughly 140 GWh of electricity annually to BC Hydro under a 40-year fixed-price power purchase agreement.

Innergex Renewable Energy Inc. Declares Dividend on Common Share, Series A Preferred Share and Series C Preferred Share Payable on July 15, 2015; Announces Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Free Cash Flow Guidance for the Year 2017

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 July 15, 2015, record date is June 30, 2015. The company also declared a dividend of CAD 0.155 per common share payable on June 15, 2015, record date is June 30, 2015. The company announced consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of CAD 57,727,000 against CAD 37,599,000 a year ago. The increase is due to the above-average water flows compared to below-average production in 2014, and to the indiscernible SM-1 facility in June 2014. Adjusted EBITDA was CAD 42,955,000 against CAD 25,329,000 a year ago. Net loss was CAD 37,810,000 or CAD 0.31 per share against CAD 38,105,000 or CAD 0.30 per share a year ago. Free cash flow was CAD 82,212,000 against CAD 49,790,000 a year ago. The 54% increase in revenue is attributable mainly to production well above the long-term average during the quarter, compared with production well below the long-term average for the same period last year, as well as to the contribution of the SM-1 hydroelectric facility acquired in June 2014. The 70% increase in adjusted EBITDA is due mainly to production levels well above the LTA during the quarter, compared with production levels well below the LTA for the same period last year, as well as to the contribution of the SM-1 hydroelectric facility acquired in June 2014. As a result, the Adjusted EBITDA Margin rose from 67.4% to 74.4%. The net loss is attributable mainly to a CAD 68.0 million realized loss on derivative financial instruments resulting from the settlement of the Boulder Creek and Upper Lillooet River bond forward contracts upon closing of the financing for these projects at the end of the quarter, partly offset by an unrealized net gain resulting from the reversal of the unrealized loss accrued to December 31, 2014 upon settlement of these bond forward contracts. This increase in free cash flow is due mainly to greater cash flows from operating activities before changes in non-cash operating working capital items and realized losses on derivative financial instruments, partly offset by greater scheduled debt principal payments. For the quarter, the company reported total power generated of 658,427,000 MWh against 417,209,000 MWh a year ago. The company maintained its guidance for the cash flow of 2017 of about CAD 95 million of free cash flow.

Innergex Renewable Energy Inc. to Report Q1, 2015 Results on May 13, 2015

Innergex Renewable Energy Inc. announced that they will report Q1, 2015 results on May 13, 2015

 

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Valuation INE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.0x
Price/Book 3.1x
Price/Cash Flow 60.3x
TEV/Sales NM Not Meaningful
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