Innergex Renewable Energy
INNERGEX RENEWABLE ENERGY (INE) Stocks
ABOUT INNERGEX RENEWABLE ENERGY
? Innergex Renewable Energy Inc. is a renewable power producer.
? The company focuses on the development, acquisition, operating and owning of numerous solar farms, wind farms and hydroelectric facilities throughout Canada, the United States, Chile and France.
? The company’s portfolio includes interest in 68 operating facilities which includes 5 solar farms, 26 wind farms and 37 hydroelectric facilities. The company also has interests in several prospective projects and six projects under development.
? Innergex Renewable Energy Inc. employs approximately 300 people and is headquartered in Quebec, Canada. The company also has offices in Chile, France, Vancouver and California.
OVERVIEW OF INNERGEX RENEWABLE ENERGY
Innergex Renewable Energy Inc’s history dates to its founding in Canada in 1990. In 1994 the company’s first hydroelectric facility is up and running in Quebec. More facilities are opened during the next few years in Quebec. In 1999 it opens a facility in Ontario.
The company buys Quebec’s Montmagny hydroelectric facility in 2000. It has its initial public offering on the Toronto Stock Exchange in 2003. A year later the company enters a joint venture with TransCanada and founds Cartier Wind Energy. It also buys the Windsor facility in Quebec and the Horseshoe Bend facility in Idaho, the United States.
In 2005 the Glen Miller facility is purchased in Ontario. In 2006 it opens its Vancouver office.
The company changes its name from Innergex to Innergex Renewable Energy Inc. in 2010. It buys its first solar farm, Stardale as well as an independent power producer, Cloudworks Energy Inc.
In 2018 the company buys Alterra Power Corp for a price of $ 1.1 billion.
VISION & VALUES OF INNERGEX RENEWABLE ENERGY
Innergex Renewable Energy Inc.’s mission is to increase the production of renewable energy and to operates responsibly and sustainably. It aims to generate superior returns for shareholders and to create long-term value for all parties.
Innergex Renewable Energy Inc’s vision is to provide sustainable energy for a greener, better future. It is committed to have a positive impact on its communities, the environment, shareholders, employees and customers.
By developing and operating high-quality renewable energy facilities Innergex Renewable Energy Inc. ensures that it achieves its mission and vision.
Innergex Renewable Energy Inc values its employees and offers a safe and healthy work environment. It also values respect, integrity, transparency, collaboration and its responsibilities.
MARKET PERFORMANCE OF INNERGEX RENEWABLE ENERGY
Innergex Renewable Energy Inc. trades on the Toronto Stock Exchange under the TSX stock symbol INE.
Data analysis for the company’s three months ending September 30, 2019 reports revenues of $ 142.8 million. Adjusted EBITDA is $ 107.4 million and adjusted EBITDA margin is 75.2 percent.
Net earnings from continuing operations are $ 9.9 million. Net earnings are $ 9.7 million. Adjusted net earnings from continuing operations are $ 13.6 million. Dividends declared are $ 23.9 million.
Buy INNERGEX RENEWABLE ENERGY stocks / shares – ? A Step by Step Guide how to Buy / Purchase INNERGEX RENEWABLE ENERGY Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy INNERGEX RENEWABLE ENERGY Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN INNERGEX RENEWABLE ENERGY STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE INNERGEX RENEWABLE ENERGY STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of INNERGEX RENEWABLE ENERGY stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy INNERGEX RENEWABLE ENERGY stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?