More stocks to consider
Alternative stocks to Innergex (TSX:INE)
These are the alternatives to Innergex that fall within the same industry, Renewable Electricity, or region, Canada.
How to read the ranks
For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:
Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".
Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".
Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.
Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.
(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).
(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.
See Innergex Performance
Innergex stock research in summary
innergex.com
Innergex shares have a market-typical stock price level. While they are good value, they show below average growth, and are riskily financed. We recommend evaluating whether the future of the company Innergex is typical for this industry which the market average price level of the shares suggests. If you believe that the future of the company is above average, that could be an argument for buying the shares and vice versa.
Latest Obermatt Ranks
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| Country |
Canada |
| Industry |
Renewable Electricity |
| Index |
|
| Size class |
Medium |
Large companies - similar industry as Innergex
| Similar Stocks |
 VALUEVVV
|
 GROWTHVV
|
 SAFETYVV
|
 COMBINED
|
|
1. PPL (XL, US) Electric Utilities
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1. PPL (XL, US) Electric Utilities
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n/a
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n/a
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n/a
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n/a
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2. NRG (XXL, US) Electric Utilities
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2. NRG (XXL, US) Electric Utilities
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n/a
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n/a
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n/a
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n/a
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3. Fortis (XL, CA) Electric Utilities
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3. Fortis (XL, CA) Electric Utilities
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n/a
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n/a
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n/a
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n/a
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4. Pinnacle West (XL, US) Electric Utilities
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4. Pinnacle West (XL, US) Electric Utilities
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n/a
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n/a
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n/a
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n/a
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5. Brookfield Renewable (XL, CA) Renewable Electricity
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5. Brookfield Renewable (XL, CA) Renewable Electricity
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n/a
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n/a
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n/a
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n/a
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6. Atmos Energy (XL, US) Gas Utilities
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6. Atmos Energy (XL, US) Gas Utilities
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n/a
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n/a
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n/a
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n/a
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7. ATCO (XL, CA) Multi-Utilities
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7. ATCO (XL, CA) Multi-Utilities
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n/a
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n/a
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n/a
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n/a
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8. Hawaiian Electric Industries (XL, US) Electric Utilities
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8. Hawaiian Electric Industries (XL, US) Electric Utilities
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n/a
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n/a
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n/a
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n/a
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9. Consolidated Edison (XXL, US) Multi-Utilities
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9. Consolidated Edison (XXL, US) Multi-Utilities
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n/a
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n/a
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n/a
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n/a
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10. Edison (XXL, US) Electric Utilities
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10. Edison (XXL, US) Electric Utilities
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n/a
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n/a
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n/a
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n/a
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January 23, 2025
Why popular stocks have low ratings
It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.
Large companies - similar region as Innergex
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. Celestica (XL, CA) Electr. Manufacturing Services
|
|
1. Celestica (XL, CA) Electr. Manufacturing Services
|
n/a
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n/a
|
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n/a
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n/a
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|
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2. Linamar (XL, CA) Auto Parts & Equipment
|
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2. Linamar (XL, CA) Auto Parts & Equipment
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n/a
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n/a
|
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n/a
|
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n/a
|
|
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3. Cascades (XL, CA) Paper Packaging
|
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3. Cascades (XL, CA) Paper Packaging
|
n/a
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n/a
|
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n/a
|
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n/a
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|
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4. Bank of Nova Scotia (XL, CA) Diversified Banks
|
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4. Bank of Nova Scotia (XL, CA) Diversified Banks
|
n/a
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n/a
|
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n/a
|
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n/a
|
|
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5. Fortis (XL, CA) Electric Utilities
|
|
5. Fortis (XL, CA) Electric Utilities
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n/a
|
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n/a
|
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n/a
|
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n/a
|
|
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6. Colliers International Group (XL, CA) Real Estate Services
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6. Colliers International Group (XL, CA) Real Estate Services
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n/a
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n/a
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n/a
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n/a
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7. Fairfax (XXL, CA) Property & Casualty Insurance
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7. Fairfax (XXL, CA) Property & Casualty Insurance
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n/a
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n/a
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n/a
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n/a
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|
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8. Russel Metals (XL, CA) Trading & Distribution
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8. Russel Metals (XL, CA) Trading & Distribution
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n/a
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n/a
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n/a
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n/a
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|
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9. CIBC (XL, CA) Diversified Banks
|
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9. CIBC (XL, CA) Diversified Banks
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n/a
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n/a
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n/a
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n/a
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|
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10. Canadian Tire (XXL, CA) General Merchandise Stores
|
|
10. Canadian Tire (XXL, CA) General Merchandise Stores
|
n/a
|
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n/a
|
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n/a
|
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n/a
|
|
January 23, 2025
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Mid sized companies - similar industry as Innergex
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. NW Natural (L, US) Gas Utilities
|
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1. NW Natural (L, US) Gas Utilities
|
n/a
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n/a
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n/a
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n/a
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|
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2. Portland General Electric (L, US) Electric Utilities
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2. Portland General Electric (L, US) Electric Utilities
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n/a
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n/a
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n/a
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n/a
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3. National Fuel Gas (L, US) Gas Utilities
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3. National Fuel Gas (L, US) Gas Utilities
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n/a
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n/a
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n/a
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n/a
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4. ALLETE (L, US) Electric Utilities
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4. ALLETE (L, US) Electric Utilities
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n/a
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n/a
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n/a
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n/a
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|
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5. NorthWestern (L, US) Multi-Utilities
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5. NorthWestern (L, US) Multi-Utilities
|
n/a
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n/a
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n/a
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n/a
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6. MGE Energy (M, US) Electric Utilities
|
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6. MGE Energy (M, US) Electric Utilities
|
n/a
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n/a
|
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n/a
|
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n/a
|
|
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7. Chesapeake Utilities (M, US) Gas Utilities
|
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7. Chesapeake Utilities (M, US) Gas Utilities
|
n/a
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n/a
|
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n/a
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n/a
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|
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8. American States Water (M, US) Water Utilities
|
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8. American States Water (M, US) Water Utilities
|
n/a
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n/a
|
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n/a
|
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n/a
|
|
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9. Superior Plus (L, CA) Gas Utilities
|
|
9. Superior Plus (L, CA) Gas Utilities
|
n/a
|
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n/a
|
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n/a
|
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n/a
|
|
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10. Algonquin Power & Utilities. (L, CA) Multi-Utilities
|
|
10. Algonquin Power & Utilities. (L, CA) Multi-Utilities
|
n/a
|
|
n/a
|
|
n/a
|
|
n/a
|
|
January 23, 2025
Mid sized companies - similar region as Innergex
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. Wajax (L, CA) Trading & Distribution
|
|
1. Wajax (L, CA) Trading & Distribution
|
n/a
|
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n/a
|
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n/a
|
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n/a
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|
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2. Magellan Aerospace (M, CA) Aerospace & Defense
|
|
2. Magellan Aerospace (M, CA) Aerospace & Defense
|
n/a
|
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n/a
|
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n/a
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n/a
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|
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3. Lassonde (L, CA) Packaged Foods & Meats
|
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3. Lassonde (L, CA) Packaged Foods & Meats
|
n/a
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n/a
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n/a
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n/a
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4. Sundial Growers (M, CA) Pharmaceuticals
|
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4. Sundial Growers (M, CA) Pharmaceuticals
|
n/a
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n/a
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n/a
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n/a
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5. Centerra (L, CA) Gold Production
|
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5. Centerra (L, CA) Gold Production
|
n/a
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n/a
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n/a
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n/a
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6. Parex Resources (L, CA) Oil & Gas Production
|
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6. Parex Resources (L, CA) Oil & Gas Production
|
n/a
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n/a
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n/a
|
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n/a
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7. Whitecap Resources (L, CA) Oil & Gas Production
|
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7. Whitecap Resources (L, CA) Oil & Gas Production
|
n/a
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n/a
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n/a
|
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n/a
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8. Cogeco (L, CA) Cable & Satellite
|
|
8. Cogeco (L, CA) Cable & Satellite
|
n/a
|
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n/a
|
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n/a
|
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n/a
|
|
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9. Dundee Precious Metals (M, CA) Gold Production
|
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9. Dundee Precious Metals (M, CA) Gold Production
|
n/a
|
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n/a
|
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n/a
|
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n/a
|
|
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10. Crescent Point (L, CA) Oil & Gas Production
|
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10. Crescent Point (L, CA) Oil & Gas Production
|
n/a
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n/a
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n/a
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n/a
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January 23, 2025
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