Is Buying Innergex Renewable Energy Inc Here a Winning Strategy?

 Is Buying Innergex Renewable Energy Inc Here a Winning Strategy?

The stock of Innergex Renewable Energy Inc (TSE:INE) is a huge mover today! About 92,468 shares traded hands. Innergex Renewable Energy Inc (TSE:INE) has declined 2.08% since April 12, 2016 and is downtrending. It has underperformed by 6.76% the S&P500.
The move comes after 5 months positive chart setup for the $1.47B company. It was reported on Nov, 16 by Barchart.com. We have $19.92 PT which if reached, will make TSE:INE worth $735.00 million 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 $14.50 is the lowest. The $15.19 average target is 14.38% above today’s ($13.28) stock price. Innergex Renewable Energy has been the topic of 5 analyst reports since May 11, 2016 according to StockzIntelligence Inc.

More news for Innergex Renewable Energy Inc (TSE:INE) were recently published by: Fool.ca, which released: “3 Reasons to Like Innergex Renewable Energy Inc.” on September 28, 2016. Fool.ca‘s article titled: “Buy Innergex Renewable Energy Inc. and Watch Your Portfolio Grow” and published on May 17, 2016 is yet another important article.

Innergex Renewable Energy Inc. is an independent renewable power producer. The company has a market cap of $1.47 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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