- Innergex Renewable Energy reported a 15% year-over-year increase in adjusted EBITDA for the fourth quarter, reaching C$201.1 million, surpassing estimates of C$176.8 million.
- Revenue and production tax credits rose by 9.4% year-over-year, totaling C$286.1 million.
- For full year 2025, the company targets adjusted EBITDA proportionate of $825.0 million to $875.0 million and free cash flow per share between $0.75 and $0.95.
- The company remains optimistic about the long-term potential for renewable energy in the United States, despite policy and regulatory challenges.
- Innergex achieved all its 2024 objectives, exceeding its free cash flow per share target through disciplined execution and strategic decisions.
- Strong hydro production in British Columbia, favorable wind prices in Chile, and successful infrastructure projects like battery storage facilities and Boswell Springs wind farm were key performance drivers.
- Market analysts show varied opinions with 5 buy and 5 hold ratings, and no sell recommendations.
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A look at Innergex Renewable Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Innergex Renewable Energy, Inc. is a company that develops and operates renewable power plants, with a strong emphasis on hydroelectric and wind energy projects. According to the Smartkarma Smart Scores, Innergex Renewable Energy has a solid outlook for dividends and growth, receiving scores of 4 and 3 respectively. This suggests that the company may offer good returns to investors through steady dividend payments and potential growth opportunities.
However, the company’s value score is moderate at 3, indicating that it may not be undervalued compared to its peers. In terms of resilience and momentum, Innergex Renewable Energy scores lower with scores of 2 for both factors. This suggests that the company may face challenges in maintaining its performance during adverse market conditions and may lack strong positive momentum in the near term. Overall, while Innergex Renewable Energy shows promise in dividends and growth, investors may need to carefully consider its resilience and momentum aspects for a more complete picture of its long-term prospects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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