Innergex Renewable Energy Inc Can’t Burn Your Short Portfolio. Has Another Weak Session

 Innergex Renewable Energy Inc Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Innergex Renewable Energy Inc (TSE:INE) is a huge mover today! About 116,971 shares traded hands or 8.87% up from the average. Innergex Renewable Energy Inc (TSE:INE) has risen 4.70% since April 5, 2016 and is uptrending. It has underperformed by 0.08% the S&P500.
The move comes after 9 months negative chart setup for the $1.52B company. It was reported on Nov, 9 by Barchart.com. We have $13.40 PT which if reached, will make TSE:INE worth $76.00 million less.

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 8.50% above today’s ($14.11) stock price. Innergex Renewable Energy has been the topic of 4 analyst reports since May 11, 2016 according to StockzIntelligence Inc.

More important 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 published article titled: “3 Reasons to Like Innergex Renewable Energy Inc.”, 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) was released by: Fool.ca and their article: “Innergex Renewable Energy Inc.: Big Dividends From Clean Energy” with publication date: April 18, 2016.

Innergex Renewable Energy Inc. is an independent renewable power producer. The company has a market cap of $1.52 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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