Innergex Renewable Energy Inc Q3 2024 Earnings Report Preview What to Expect - GuruFocus.com

INGXF Stock  USD 5.30  0.10  1.92%   
Roughly 52% of Innergex Renewable's stockholders are presently thinking to get in. The analysis of overall sentiment of trading Innergex Renewable Energy pink sheet suggests that some investors are interested at this time. The current market sentiment, together with Innergex Renewable's historical and current headlines, can help investors time the market. In addition, many technical investors use Innergex Renewable Energy stock news signals to limit their universe of possible portfolio assets.
Innergex Renewable pink sheet news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Innergex daily returns and investor perception about the current price of Innergex Renewable Energy as well as its diversification or hedging effects on your existing portfolios.
  
Innergex Renewable Energy Inc Q3 2024 Earnings Report Preview What to Expect GuruFocus.com

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Innergex Renewable Fundamental Analysis

We analyze Innergex Renewable's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Innergex Renewable using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Innergex Renewable based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Price To Book

Price To Book Comparative Analysis

Innergex Renewable is currently under evaluation in price to book category among its peers. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Innergex Renewable Energy Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Innergex Renewable pink sheet to make a market-neutral strategy. Peer analysis of Innergex Renewable could also be used in its relative valuation, which is a method of valuing Innergex Renewable by comparing valuation metrics with similar companies.

Peers

Innergex Renewable Related Equities

NEPNextera Energy   5.71   
0%
100.0%
BEPBrookfield Renewable   3.84   
0%
67.0%
CWEN-AClearway Energy   2.62   
0%
45.0%
TDWRFTidewater Renewables   1.82   
0%
31.0%
BEPCBrookfield Renewable   1.42   
0%
24.0%
NPIFFNorthland Power   1.13   
0%
19.0%
AQNAlgonquin Power   0.68   
0%
11.0%
RNWRenew Energy   0.45   
0%
7.0%
CWENClearway Energy   1.79   
31.0%
0%
DOGEFOrsted A/S   4.53   
79.0%
0%

Complementary Tools for Innergex Pink Sheet analysis

When running Innergex Renewable's price analysis, check to measure Innergex Renewable's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Innergex Renewable is operating at the current time. Most of Innergex Renewable's value examination focuses on studying past and present price action to predict the probability of Innergex Renewable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innergex Renewable's price. Additionally, you may evaluate how the addition of Innergex Renewable to your portfolios can decrease your overall portfolio volatility.
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