INE vs. BEPC, NPI, AQN, BLX, RNW, PIF, ARR, LCFS, SPG, and UGE
Should you be buying Innergex Renewable Energy stock or one of its competitors? The main competitors of Innergex Renewable Energy include Brookfield Renewable (BEPC), Northland Power (NPI), Algonquin Power & Utilities (AQN), Boralex (BLX), TransAlta Renewables (RNW), Polaris Renewable Energy (PIF), Altius Renewable Royalties (ARR), Tidewater Renewables (LCFS), Spark Power Group (SPG), and UGE International (UGE). These companies are all part of the "utilities - renewable" industry.
Innergex Renewable Energy (TSE:INE) and Brookfield Renewable (TSE:BEPC) are both mid-cap utilities companies, but which is the superior stock? We will contrast the two companies based on the strength of their profitability, dividends, community ranking, institutional ownership, risk, earnings, valuation, media sentiment and analyst recommendations.
In the previous week, Innergex Renewable Energy had 4 more articles in the media than Brookfield Renewable. MarketBeat recorded 5 mentions for Innergex Renewable Energy and 1 mentions for Brookfield Renewable. Innergex Renewable Energy's average media sentiment score of 1.18 beat Brookfield Renewable's score of 0.00 indicating that Innergex Renewable Energy is being referred to more favorably in the media.
Innergex Renewable Energy has a beta of 0.34, indicating that its stock price is 66% less volatile than the S&P 500. Comparatively, Brookfield Renewable has a beta of 0.89, indicating that its stock price is 11% less volatile than the S&P 500.
Innergex Renewable Energy received 308 more outperform votes than Brookfield Renewable when rated by MarketBeat users.
Brookfield Renewable has higher revenue and earnings than Innergex Renewable Energy. Innergex Renewable Energy is trading at a lower price-to-earnings ratio than Brookfield Renewable, indicating that it is currently the more affordable of the two stocks.
41.0% of Innergex Renewable Energy shares are owned by institutional investors. Comparatively, 76.9% of Brookfield Renewable shares are owned by institutional investors. 20.4% of Innergex Renewable Energy shares are owned by insiders. Comparatively, 0.0% of Brookfield Renewable shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Innergex Renewable Energy currently has a consensus target price of C$12.53, suggesting a potential upside of 17.33%. Given Innergex Renewable Energy's higher probable upside, research analysts plainly believe Innergex Renewable Energy is more favorable than Brookfield Renewable.
Brookfield Renewable has a net margin of 29.75% compared to Innergex Renewable Energy's net margin of -11.78%. Brookfield Renewable's return on equity of 10.84% beat Innergex Renewable Energy's return on equity.
Innergex Renewable Energy pays an annual dividend of C$0.36 per share and has a dividend yield of 3.4%. Brookfield Renewable pays an annual dividend of 1.94 per share and has a dividend yield of 4.5%. Innergex Renewable Energy pays out -56.3% of its earnings in the form of a dividend. Brookfield Renewable pays out 17.9% 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.
Summary
Innergex Renewable Energy and Brookfield Renewable tied by winning 9 of the 18 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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