Innergex Renewable Energy
INE.TO (TSX)
Innergex Renewable Energy is a prominent player in the renewable energy sector, experiencing notable growth in both hydro and solar systems. With a dividend yield of 2.62%, the company has delivered an impressive 49.35% return over the past year, though its five-year performance shows a decline of 39.18%. While analysts maintain a C- rating overall, National Bank Financial Inc. rates it as "Outperform," indicating some confidence in its future prospects.
Pros:
- Strong growth in hydro and solar
- Consistent revenue increases
Cons:
- Negative 5-year return
- Mixed analyst ratings
Innergex Renewable Energy (INE.TO) may be suitable for investors looking for exposure to the renewable energy sector who are willing to accept potential volatility, given its impressive one-year return amidst a challenging five-year performance. The company's modest dividend yield and mixed analyst ratings suggest a cautious approach is warranted, particularly for those prioritizing stability and long-term growth.