Edition:
United States

Innergex Renewable Energy Inc (INE.TO)

INE.TO on Toronto Stock Exchange

14.36CAD
23 Nov 2017
Change (% chg)

$0.09 (+0.63%)
Prev Close
$14.27
Open
$14.30
Day's High
$14.44
Day's Low
$14.28
Volume
149,161
Avg. Vol
136,157
52-wk High
$15.72
52-wk Low
$13.39

Latest Key Developments (Source: Significant Developments)

Innergex qtrly ‍shr $0.04​
Thursday, 9 Nov 2017 12:31pm EST 

Nov 9 (Reuters) - Innergex Renewable Energy Inc ::Innergex reports its third quarter 2017 results.Q3 revenue C$108.2 million versus I/B/E/S view C$119.2 million.Says qtrly ‍shr $0.04​.Q3 earnings per share view C$0.15 -- Thomson Reuters I/B/E/S.  Full Article

Innergex increases and extends its credit facility
Tuesday, 31 Oct 2017 12:25pm EDT 

Oct 31 (Reuters) - Innergex Renewable Energy Inc ::Innergex increases and extends its credit facility.Revolving credit facilities, led by TD Securities and BMO Capital Markets, were increased by $50 million​.Credit facilities now stand at $475 million, supported by 13 unencumbered operating assets​.Also extended maturity of its revolving facilities from December 2021 to December 2022​.  Full Article

INNERGEX RENEWABLE ENERGY TO ACQUIRE ALTERRA POWER CORP
Monday, 30 Oct 2017 03:21pm EDT 

Oct 30 (Reuters) - Innergex Renewable Energy ::INNERGEX RENEWABLE ENERGY TO ACQUIRE ALTERRA POWER CORP..INNERGEX RENEWABLE ENERGY INC - DEAL FOR ‍$1.1 BILLION​.INNERGEX - ‍ALTERRA SHAREHOLDERS TO RECEIVE $8.25 PER ALTERRA COMMON SHARE, PAYABLE IN $2.06 CASH AND 0.4172 OF A COMMON SHARE OF INNERGEX​.INNERGEX RENEWABLE ENERGY - DEAL TO BE ACCRETIVE TO CO'S DISTRIBUTABLE CASH FLOW/SHARE UPON COMPLETION OF ALTERRA'S PROJECTS CURRENTLY UNDER CONSTRUCTION​.INNERGEX - DEAL ‍PROVIDES FOR NON-SOLICITATION COVENANTS ON PART OF ALTERRA, RIGHT IN FAVOUR OF CO TO MATCH UNSOLICITED SUPERIOR PROPOSAL​.INNERGEX RENEWABLE ENERGY INC - ‍PURSUANT TO DEAL, ALTERRA SHAREHOLDERS TO GET CONSIDERATION CONSISTING ABOUT 25% CASH, 75% COMMON SHARES OF INNERGEX​.INNERGEX RENEWABLE ENERGY - ‍ONE MEMBER OF CURRENT BOARD OF DIRECTORS OF ALTERRA WILL JOIN BOARD OF DIRECTORS OF INNERGEX UPON CLOSING OF TRANSACTION​.INNERGEX- CO TO RECEIVE TERMINATION FEE OF ABOUT $18 MILLION FROM ALTERRA IN EVENT OF TERMINATION OF DEAL UNDER CERTAIN CIRCUMSTANCES.INNERGEX RENEWABLE ENERGY - DEAL TO BE FULLY FUNDED AND SUPPORTED BY A NEW SUBORDINATED UNSECURED LOAN FROM CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC​.INNERGEX - CO TO BUY ALL ISSUED, OUTSTANDING COMMON SHARES OF ALTERRA FOR AGGREGATE CONSIDERATION OF $1.1 BILLION, INCLUDING ASSUMPTION OF ALTERRA'S DEBT​.  Full Article

Innergex announces normal course issuer bid
Tuesday, 15 Aug 2017 08:00am EDT 

Aug 15 (Reuters) - Innergex Renewable Energy Inc :Innergex renewable energy inc - received approval from toronto stock exchange to proceed with normal course issuer bid on its common shares.Innergex renewable energy inc - may purchase for cancellation up to 2 million common shares under normal course issuer bid.Normal course issuer bid will commence on august 17, 2017 & terminate on august 16, 2018.  Full Article

Innergex Q2 earnings per share C$0.12
Thursday, 3 Aug 2017 04:09pm EDT 

Aug 3 (Reuters) - Innergex Renewable Energy Inc :Innergex reports its second quarter 2017 results.Q2 revenue rose 25 percent to C$109.5 million.Q2 earnings per share C$0.12.Q2 earnings per share view c$0.23 -- Thomson Reuters I/B/E/S.  Full Article

Innergex acquires two wind projects in France
Wednesday, 5 Jul 2017 07:32pm EDT 

July 5 (Reuters) - Innergex Renewable Energy Inc ::Innergex acquires two wind projects in France.Total enterprise value acquired of c$145.6m.Innergex renewable energy inc says acquired two wind facilities with an aggregate installed capacity of 43 Mw.Innergex will have a 69.55% interest in wind farms and Desjardins Group pension plan will own remaining 30.45%.Innergex renewable energy inc says projected increase to revenues and adjusted ebitda of c$14.5 million and c$12.0 million from deal.  Full Article

Innergex begins commercial operation of the 25.3 MW boulder creek hydroelectric facility
Friday, 26 May 2017 07:57am EDT 

May 26 (Reuters) - Innergex Renewable Energy Inc : :Innergex begins commercial operation of the 25.3 MW Boulder Creek hydroelectric facility.Innergex Renewable Energy Inc - ‍Boulder Creek's average annual production is estimated to reach 92,500 mwh​.Innergex Renewable - ‍in its first full year of operation, Boulder Creek is expected to generate revenues and adjusted ebitda of about $9.0 million and $7.5 million, respectively​.Innergex Renewable Energy Inc - ‍innergex owns a 66.7pct interest in hydro facility and Ledcor Power Group Ltd owns remaining 33.3pct​.  Full Article

Innergex reports Q1 earnings per share C$0.01
Tuesday, 9 May 2017 12:29pm EDT 

May 9 (Reuters) - Innergex Renewable Energy Inc ::Innergex reports its first quarter 2017 results.Q1 revenue rose 19 percent to C$74.5 million.Qtrly earnings per share C$0.01.Q1 earnings per share view C$0.01 -- Thomson Reuters I/B/E/S.  Full Article

Innergex Renewable Energy posts Q4 earnings per share of C$0.08
Thursday, 23 Feb 2017 03:46pm EST 

Innergex Renewable Energy Inc : Innergex reports its year-end 2016 results . Q4 revenue rose 30 percent to c$73.3 million . Declares a dividend increase of $0.02 to $0.66 per common share on an annual basis .Q4 earnings per share c$0.08.  Full Article

Innergex reports Q2 earnings per share of C$0.19
Thursday, 4 Aug 2016 11:26am EDT 

Innergex Renewable Energy Inc : Innergex Reports Second Quarter And Half Year 2016 results . Q2 revenue C$87.8 million versus C$70.2 million . Q2 earnings per share C$0.19 .Q2 earnings per share view C$0.22 -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Innergex qtrly ‍shr $0.04​

* Q3 revenue C$108.2 million versus I/B/E/S view C$119.2 million