Last C$11.10 CAD
Change Today +0.09 / 0.82%
Volume 114.2K
INE On Other Exchanges
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As of 4:00 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

innergex renewable energy (INE) Snapshot

Open
C$11.03
Previous Close
C$11.01
Day High
C$11.11
Day Low
C$10.96
52 Week High
12/20/13 - C$11.43
52 Week Low
02/26/14 - C$9.57
Market Cap
1.1B
Average Volume 10 Days
170.3K
EPS TTM
C$-0.20
Shares Outstanding
100.4M
EX-Date
12/29/14
P/E TM
--
Dividend
C$0.60
Dividend Yield
5.36%
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 producing company in North America. It develops, owns, and operates run-of-river hydroelectric facilities, wind energy farms, and solar photovoltaic farms. The company operates in four segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development. It holds interests in 25 operating hydroelectric facilities with an aggregate net installed capacity of 402.4 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.

171 Employees
Last Reported Date: 02/25/14
Founded in 1990

innergex renewable energy (INE) Top Compensated Officers

Chief Executive Officer, President, Non-Indep...
Total Annual Compensation: C$415.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$239.0K
Senior Vice President of Operations & Mainten...
Total Annual Compensation: C$210.0K
Senior Vice President of Hydroelectric Develo...
Total Annual Compensation: C$190.0K
Senior Vice President of Western Region
Total Annual Compensation: C$190.0K
Compensation as of Fiscal Year 2013.

innergex renewable energy (INE) Key Developments

Innergex Renewable Energy Inc. Announces Operating and Financial Results for the Third Quarter and Nine Months Ended September 30, 2014

Innergex Renewable Energy Inc. announced operating and financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the corporation recorded revenues of CAD 66,371,000, compared with CAD 58,039,000 for the same period in the last year. Adjusted EBITDA was CAD 51,668,000, compared with CAD 46,688,000 for the same period in the last year. Net loss was CAD 4,518,000 or basic and diluted net loss of CAD 0.02 per share, compared with net earnings of CAD 11,147,000 or basic and diluted net earnings of CAD 0.09 per share for the same period in the last year. For the nine months, the corporation recorded revenues of CAD 173,619,000, compared with CAD 156,894,000 for the same period in the last year. Adjusted EBITDA was CAD 130,814,000, compared with CAD 123,351,000 for the same period in the last year. Net loss was CAD 56,812,000 or basic and diluted net loss of CAD 0.42 per share compared with a net earnings of CAD 42,008,000 or basic and diluted net earnings of CAD 0.38 per share for the same period last year. For both the three- and nine-month periods, the increase in revenues 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. When compared with the increases in production and revenues, the smaller increase in Adjusted EBITDA is due mainly to production below the LTA and therefore less revenues to offset the higher operating, general and administrative expenses related to the greater number of facilities in operation and higher prospective project expenses. For both the three- and nine-month periods, the lower net earnings would have been due mainly to production below the long-term average. For the quarter, the company’ generated 826,617 MWh power against 706,496 MWh for the same period in the last year. Long-term average production was 849,838 MWh against 665,285 MWh for the same period in the last year. For the nine months, the company’ generated 2,142,547 MWh power against 1,885,207 MWh for the same period in the last year. Long-term average production was 2,283,675 MWh against 1,893,775 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 January 15, 2015

Innergex Renewable Energy Inc. declared a dividend of $0.3125 per series A preferred share payable on January 15, 2015, to series A preferred shareholders of record at the close of business on December 31, 2014. Dividend of $0.359375 per series C preferred share payable on January 15, 2015, to series C preferred shareholders of record at the close of business on December 31, 2014. The company also announced dividend to common shareholders declared a dividend of $0.1500 per common share payable on January 15, 2015, to common shareholders of record at the close of business on December 31, 2014.

Innergex Renewable Energy Inc. Amends Revolving Term Credit Facility

On November 6, 2014, Innergex Renewable Energy Inc. executed an amending agreement to extend its revolving term credit facility from 2018 to 2019, as well as to temporarily increase its borrowing capacity by $50 million for a period of eight months, from $425 million to $475 million. These modifications will provide greater financing flexibility until the company closes the four project-level financings that remain to be put in place.

 

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Valuation INE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 5.7x
Price/Book 2.9x
Price/Cash Flow 8.2x
TEV/Sales NM Not Meaningful
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