OverviewSuggest Edit

Innergex is a company that produces renewable power. It is engaged in hydroelectric, wind power, and solar power generation. The company owns, develops, and operates hydroelectric facilities, wind farms, and solar photovoltaic farms, and geothermal power facilities.

TypePublic
Founded1990
HQLongueuil, CA
Websiteinnergex.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Dec 2019)410(+14%)
Revenue (FY, 2019)C$557 K(-3%)
Share Price (Nov 2021)C$19.6(-6%)
Cybersecurity ratingBMore
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Key People/Management at Innergex

Michel Letellier

Michel Letellier

President and Chief Executive Officer, Director
Jean Trudel

Jean Trudel

Chief Investment and Development Officer
Jean-François Neault

Jean-François Neault

Chief Financial Officer
Peter Grover

Peter Grover

Senior Vice President – Wind and Solar Energy
Ross J. Beaty

Ross J. Beaty

Director
Nathalie Francisci

Nathalie Francisci

Director
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Innergex Office Locations

Innergex has offices in Longueuil, Toronto, Vancouver, San Diego and in 2 other locations
Longueuil, CA (HQ)
1225 Rue Saint-Charles Ouest 10th floor
Longueuil, CA
1111 Rue Saint-Charles Ouest tower, suite 1255
Toronto, CA
100 University Ave 8th Floor
Vancouver, CA
888 Dunsmuir St #1100
Las Condes, CL
Isidora Goyenechea 3477
Lyon, FR
22 Rue Seguin
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Innergex Financials and Metrics

Innergex Revenue

Innergex's revenue was reported to be C$557.04 k in FY, 2019 which is a 3.4% decrease from the previous period.
CAD

Revenue (FY, 2019)

557.0k

Revenue growth (FY, 2018 - FY, 2019), %

(3.4%)

Net income (FY, 2019)

(31.2k)

EBIT (FY, 2019)

206.4k

Market capitalization (10-Nov-2021)

3.4b

Closing stock price (10-Nov-2021)

19.6

Cash (31-Dec-2019)

156.2k

EV

3.4b
Innergex's current market capitalization is C$3.4 b.
CADFY, 2017FY, 2018FY, 2019

Revenue

400.3k576.6k557.0k

Revenue growth, %

44%(3%)

General and administrative expense

17.8k34.1k36.5k

Operating expense total

218.9k343.8k329.5k
CADFY, 2017FY, 2018FY, 2019

Cash

61.9k79.6k156.2k

Accounts Receivable

87.5k102.7k92.3k

Prepaid Expenses

8.1k12.5k12.3k

Current Assets

221.6k228.3k305.6k
CADFY, 2017FY, 2018FY, 2019

Net Income

19.7k25.7k(31.2k)

Depreciation and Amortization

129.4k171.8k194.6k

Accounts Payable

(33.6k)(22.9k)29.2k

Cash From Operating Activities

192.5k209.4k240.1k
CADFY, 2017

Debt/Equity

7 x
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Innergex Operating Metrics

FY, 2017FY, 2018FY, 2019

Facilities

657675

Facilities in Operations

636868

Facilities in Development

287

Net Installed Capacity, MW

1.12 k2.08 k2.59 k
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Innergex Acquisitions / Subsidiaries

Company NameDateDeal Size
Energía Llaima SpAJuly 09, 2021
Mountain Air Alternatives LLCJuly 15, 2020
PV Salvador SPAMay 14, 2020
Cartier Wind FarmsOctober 24, 2018
Phoebe Energy Project, LLCJuly 02, 2018
Alterra Power Corp.February 06, 2018
Big Silver Creek Power Limited Partnership
Flat Top Group Holdings, LLC
Foard City Holdings, LLC
Griffin Trail Wind, LLC
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Innergex Revenue Breakdown

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Innergex revenue breakdown by business segment: 6.0% from Solar Power Generation, 54.7% from Wind Power Generation and 39.3% from Hydroelectric Generation

Innergex revenue breakdown by geographic segment: 17.0% from France, 78.1% from Canada and 4.9% from Other

Innergex Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Innergex Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Innergex Online and Social Media Presence

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Innergex News and Updates

Innergex and Hydro-Québec Announce the First Joint Acquisition Under Their Strategic Alliance and Concurrent Bought Deal Equity Financing and Private Placement by Innergex

THIS MEDIA RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Innergex 2020: A Year Marked by Strategic Growth and Construction Activities

Innergex Renewable Energy Inc. (TSX: INE) (“Innergex” or the “Corporation”) today released its operating and financial results for the fourth quarter and year ended December 31, 2020.

Innergex comments on weather events in Texas

Innergex Renewable Energy Inc. (TSX: INE) (“Innergex” or the “Corporation”) reports that the recent and ongoing unprecedented extreme winter weather conditions in Texas are having an impact on its ability to produce electricity at its Flat Top wind facility in Mills County, which is expected to resu…

Innergex announces dividend rates on Cumulative Rate Reset Preferred Shares, Series A and Cumulative Floating Rate Preferred Shares, Series B

Innergex Renewable Energy Inc. (TSX: INE) (“Innergex” or the “Corporation”) announced today the applicable dividend rates for its Cumulative Rate Reset Preferred Shares, Series A (“Series A shares”) and Cumulative Floating Rate Preferred Shares, Series B (“Series B shares”).

Innergex achieves financial close of its 225 MW Griffin Trail wind project in Texas

Innergex Renewable Energy Inc. (TSX: INE) (“Innergex”) is proud to announce the closing of a construction financing and tax equity commitment for its Griffin Trail project, a 225 MW wind facility located in Knox and Baylor Counties, in north-west Texas.

Innergex ratings update

Innergex Renewable Energy Inc. (TSX: INE) (“Innergex” or the “Corporation”) reports that the rating agency S&P Global Ratings, a division of S&P Global Inc. (“S&P”) changed the credit rating of Innergex to BB+(Stable) from BBB-(Negative) and the ratings of Innergex’s preferred shares to …
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Innergex Blogs

Innergex announces the tax equity funding of Amazon Solar Farm Ohio – Hillcrest in Ohio, USA

News Release   LONGUEUIL, Quebec, November 17, 2021 – Innergex Renewable Energy Inc. (TSX: INE) (“Innergex” or the “Corporation”) announces the tax equity funding of the 200 MW Amazon Solar Farm Ohio – Hillcrest (“Hillcrest”), located in Brown County, Ohio, concluded today. Hillcrest is currently th…

2021 Third Quarter results conference call and webcast

  News Release   LONGUEUIL, Quebec, October 7, 2021 – Innergex Renewable Energy Inc. (TSX: INE) (« Innergex » or the « Corporation ») will release its 2021 Third Quarter financial results on Tuesday, November 9, 2021, and will hold a conference call and webcast to discuss the results on Wednesday, N…

Webcast – Investor Day

On September 15, 2021, Innergex’s Executive Team held its 2021 Investor Day to share an in-depth review of Innergex’s financial results, its development and market analysis strategy, and its approach to sustainable development.  The post Webcast – Investor Day appeared first on Innergex.

Innergex announces closing of $201 million bought deal equity financing and $50 million concurrent private placement

News Release THIS MEDIA RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES   LONGUEUIL, Quebec, September 3, 2021 – Innergex Renewable Energy Inc. (TSX: INE) (“Innergex” or the “Corporation”) has completed today its previously announced bough…

Innergex and Hydro-Québec announce the first joint acquisition under their Strategic Alliance and concurrent bought deal equity financing and private placement by Innergex

The post Innergex and Hydro-Québec announce the first joint acquisition under their Strategic Alliance and concurrent bought deal equity financing and private placement by Innergex appeared first on Innergex.

Innergex announces the acquisition of an 18 MW run-of-river hydro facility in Chile

News Release   LONGUEUIL, Quebec, August 3, 2021 – Innergex Renewable Energy Inc. (TSX: INE) (“Innergex” or the “Corporation”) has acquired 100% of the shares of Empresa Eléctrica Licán S.A. (“Licán”), which owns and operates an 18 MW run-of-river hydro facility with a reservoir for daily regulation…
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Innergex Frequently Asked Questions

  • When was Innergex founded?

    Innergex was founded in 1990.

  • Who are Innergex key executives?

    Innergex's key executives are Michel Letellier, Jean Trudel and Jean-François Neault.

  • How many employees does Innergex have?

    Innergex has 410 employees.

  • What is Innergex revenue?

    Latest Innergex annual revenue is C$557 k.

  • What is Innergex revenue per employee?

    Latest Innergex revenue per employee is C$1.4 k.

  • Who are Innergex competitors?

    Competitors of Innergex include TerraForm Global, Voltalia and Borea Construction.

  • Where is Innergex headquarters?

    Innergex headquarters is located at 1225 Rue Saint-Charles Ouest 10th floor, Longueuil.

  • Where are Innergex offices?

    Innergex has offices in Longueuil, Toronto, Vancouver, San Diego and in 2 other locations.

  • How many offices does Innergex have?

    Innergex has 7 offices.