INGXF - Innergex Deserves To Trade At A Premium Valuation
Investment Thesis
Innergex Renewable Energy (OTCPK:INGXF) (TSX:INE) is a Canada-based renewable power producer with a focus on hydroelectric, wind power and solar photovoltaic projects. The company is currently trading at a premium valuation to its peers. Its valuation is supported by its growth potential, long weighted-average PPA duration, and low maintenance expenditure. However, its debt load is quite high and rising benchmark bond yield can impact its share price.
Source: Investor Presentation
Innergex’s Premium Valuation
Innergex is currently trading at a premium. Let us take a look at the chart below. As can