INE vs. AQN, NPI, BLX, RNW, ARR, LCFS, PIF, SPG, GIP, and UGE
Should you be buying Innergex Renewable Energy stock or one of its competitors? The main competitors of Innergex Renewable Energy include Algonquin Power & Utilities (AQN), Northland Power (NPI), Boralex (BLX), TransAlta Renewables (RNW), Altius Renewable Royalties (ARR), Tidewater Renewables (LCFS), Polaris Renewable Energy (PIF), Spark Power Group (SPG), Green Impact Partners (GIP), and UGE International (UGE). These companies are all part of the "utilities - renewable" industry.
Innergex Renewable Energy (TSE:INE) and Algonquin Power & Utilities (TSE:AQN) are both utilities companies, but which is the superior business? We will compare the two businesses based on the strength of their community ranking, institutional ownership, dividends, media sentiment, valuation, analyst recommendations, profitability, earnings and risk.
Innergex Renewable Energy has higher earnings, but lower revenue than Algonquin Power & Utilities. Innergex Renewable Energy is trading at a lower price-to-earnings ratio than Algonquin Power & Utilities, indicating that it is currently the more affordable of the two stocks.
In the previous week, Algonquin Power & Utilities had 11 more articles in the media than Innergex Renewable Energy. MarketBeat recorded 14 mentions for Algonquin Power & Utilities and 3 mentions for Innergex Renewable Energy. Innergex Renewable Energy's average media sentiment score of 0.87 beat Algonquin Power & Utilities' score of -0.21 indicating that Innergex Renewable Energy is being referred to more favorably in the media.
Innergex Renewable Energy currently has a consensus price target of C$12.41, indicating a potential upside of 27.11%. Algonquin Power & Utilities has a consensus price target of C$7.08, indicating a potential downside of 17.35%. Given Innergex Renewable Energy's stronger consensus rating and higher probable upside, research analysts clearly believe Innergex Renewable Energy is more favorable than Algonquin Power & Utilities.
Algonquin Power & Utilities received 210 more outperform votes than Innergex Renewable Energy when rated by MarketBeat users. Likewise, 73.02% of users gave Algonquin Power & Utilities an outperform vote while only 57.38% of users gave Innergex Renewable Energy an outperform vote.
Innergex Renewable Energy pays an annual dividend of C$0.36 per share and has a dividend yield of 3.7%. Algonquin Power & Utilities pays an annual dividend of C$0.60 per share and has a dividend yield of 7.0%. Innergex Renewable Energy pays out -56.3% of its earnings in the form of a dividend. Algonquin Power & Utilities pays out -89.6% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Algonquin Power & Utilities is clearly the better dividend stock, given its higher yield and lower payout ratio.
Innergex Renewable Energy has a net margin of -11.78% compared to Algonquin Power & Utilities' net margin of -12.44%. Algonquin Power & Utilities' return on equity of -5.84% beat Innergex Renewable Energy's return on equity.
41.0% of Innergex Renewable Energy shares are owned by institutional investors. Comparatively, 63.3% of Algonquin Power & Utilities shares are owned by institutional investors. 20.4% of Innergex Renewable Energy shares are owned by company insiders. Comparatively, 0.1% of Algonquin Power & Utilities shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Innergex Renewable Energy has a beta of 0.34, suggesting that its stock price is 66% less volatile than the S&P 500. Comparatively, Algonquin Power & Utilities has a beta of 0.47, suggesting that its stock price is 53% less volatile than the S&P 500.
Summary
Algonquin Power & Utilities beats Innergex Renewable Energy on 11 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding INE and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Innergex Renewable Energy Competitors List
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