Is Innergex Renewable Energy Inc a Buy? The Stock Rises Again

 Is Innergex Renewable Energy Inc a Buy? The Stock Rises Again

The stock of Innergex Renewable Energy Inc (TSE:INE) is a huge mover today! About 38,204 shares traded hands. Innergex Renewable Energy Inc (TSE:INE) has risen 8.19% since March 24, 2016 and is uptrending. It has outperformed by 4.71% the S&P500.
The move comes after 9 months positive chart setup for the $1.63B company. It was reported on Oct, 31 by Barchart.com. We have $20.55 PT which if reached, will make TSE:INE worth $603.10M more.

Innergex Renewable Energy Inc (TSE:INE) Ratings Coverage

Out of 3 analysts covering Innergex Renewable Energy (TSE:INE), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. $16 is the highest target while $15 is the lowest. The $15.31 average target is 2.07% above today’s ($15) stock price. Innergex Renewable Energy has been the topic of 4 analyst reports since May 11, 2016 according to StockzIntelligence Inc.

More notable recent Innergex Renewable Energy Inc (TSE:INE) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on August 17, 2009, also Fool.ca with their article: “3 Reasons to Like Innergex Renewable Energy Inc.” published on September 28, 2016, Fool.ca published: “Buy Innergex Renewable Energy Inc. and Watch Your Portfolio Grow” on May 17, 2016. More interesting news about Innergex Renewable Energy Inc (TSE:INE) were released by: Fool.ca and their article: “Innergex Renewable Energy Inc.: Big Dividends From Clean Energy” published on April 18, 2016 as well as Fool.ca‘s news article titled: “TransAlta Corporation vs. Innergex Renewable Energy Inc.: Which Should You Buy?” with publication date: July 31, 2014.

Innergex Renewable Energy Inc. is an independent renewable power producer. The company has a market cap of $1.63 billion. The Firm is a developer, owner and operator of renewable power-generating facilities with a focus on hydroelectric, wind power and solar photovoltaic projects. It currently has negative earnings. It operates through four divisions: hydroelectric generation, wind power generation, solar power generation and site development.

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