2023-05-16 04:23:57 ET
Summary
- Innergex reported another weak quarter mostly due to unfavorable weather and hydrology conditions, affecting revenues and adjusted EBITDA.
- The company continues to make progress with its development pipeline, and it is making plans to refinance or recycle certain assets to generate liquidity as an alternative to equity issuance.
- Management expressed their belief during the earnings call that shares are undervalued, and we agree that they look attractive and it looks like a great time to buy the shares.
For further details see:
Innergex Q1 Results: Looks Like A Great Time To Buy The Shares