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Innergex Renewable Energy (INGXF)

(Delayed Data from OTC)

$7.63 USD

7.63
38,476

-0.17 (-2.18%)

Updated Jun 7, 2024 02:40 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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NA Value NA Growth NA Momentum NA VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 33% (81 out of 248)

Industry: Utility - Electric Power

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Balance Sheet

Fiscal Year End for Innergex Renewable Energy Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 176 193 195 178 152
Receivables 172 139 95 149 70
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 36 73 20 11 9
Total Current Assets 384 405 310 338 230
Net Property & Equipment 4,860 4,779 4,399 3,772 3,482
Investments & Advances 143 176 138 402 445
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 65 53 40 19 23
Intangibles 1,074 1,084 882 743 560
Deposits & Other Assets 96 121 132 67 63
Total Assets 6,623 6,617 5,901 5,341 4,802
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 208 191 139 142 133
Current Portion Long-Term Debt 189 292 413 577 312
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 23 17 33 54 39
Total Current Liabilities 420 501 585 774 483
Mortgages 0 0 0 0 0
Deferred Taxes/Income 392 413 320 316 323
Convertible Debt 0 0 0 0 0
Long-Term Debt 4,469 4,142 3,520 3,021 3,227
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 450 418 391 430 305
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 5,730 5,474 4,816 4,541 4,338
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 97 101 105 98 99
Common Stock (Par) 1 0 288 3 73
Capital Surplus 1,913 1,985 1,614 1,513 956
Retained Earnings -1,307 -1,228 -1,096 -779 -663
Other Equity 188 284 175 -35 -1
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 893 1,143 1,086 799 464
Total Liabilities & Shareholder's Equity 6,623 6,617 5,901 5,341 4,802
Total Common Equity 796 1,043 981 702 365
Shares Outstanding 204.30 204.10 192.40 174.50 139.40
Book Value Per Share 3.90 5.11 5.10 4.02 2.62

Fiscal Year End for Innergex Renewable Energy Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 176 208 172 198
Receivables NA 172 161 162 137
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 36 47 57 34
Total Current Assets NA 384 415 390 370
Net Property & Equipment NA 4,860 4,778 4,651 4,723
Investments & Advances NA 143 214 172 146
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 65 43 46 51
Intangibles NA 1,074 1,114 1,135 1,093
Deposits & Other Assets NA 96 109 105 119
Total Assets NA 6,623 6,672 6,499 6,502
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 208 225 175 174
Current Portion Long-Term Debt NA 189 189 188 197
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 23 17 32 10
Total Current Liabilities NA 420 431 395 380
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 392 416 411 395
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 4,469 4,377 4,260 4,270
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 412 416 423
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 5,730 5,635 5,482 5,468
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 97 98 97 97
Common Stock (Par) NA 1 1 0 2
Capital Surplus NA 1,913 1,925 1,920 1,907
Retained Earnings NA -1,307 -1,263 -1,239 -1,219
Other Equity NA 188 277 239 246
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 893 1,037 1,017 1,033
Total Liabilities & Shareholder's Equity NA 6,623 6,672 6,499 6,502
Total Common Equity 0 796 939 920 936
Shares Outstanding 203.70 204.30 204.20 204.20 204.10
Book Value Per Share 0.00 3.90 4.60 4.50 4.59