Critical Comparison: Clearway Energy Inc Class C (NYLD) and Innergex Renewable Energy (INGXF)

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Clearway Energy Inc Class C (NYSE:NYLD) and Innergex Renewable Energy (OTCMKTS:INGXF) are both utilities companies, but which is the superior investment? We will compare the two companies based on the strength of their valuation, dividends, institutional ownership, profitability, earnings, analyst recommendations and risk.

Earnings & Valuation

This table compares Clearway Energy Inc Class C and Innergex Renewable Energy’s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Clearway Energy Inc Class C N/A N/A N/A N/A N/A
Innergex Renewable Energy $436.35 million 3.28 $19.46 million N/A N/A

Innergex Renewable Energy has higher revenue and earnings than Clearway Energy Inc Class C.

Dividends

Clearway Energy Inc Class C pays an annual dividend of $1.28 per share. Innergex Renewable Energy pays an annual dividend of $0.53 per share and has a dividend yield of 4.9%. Clearway Energy Inc Class C has raised its dividend for 2 consecutive years.

Insider and Institutional Ownership

29.6% of Clearway Energy Inc Class C shares are held by institutional investors. 0.2% of Clearway Energy Inc Class C shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Profitability

This table compares Clearway Energy Inc Class C and Innergex Renewable Energy’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Clearway Energy Inc Class C N/A N/A N/A
Innergex Renewable Energy 5.77% 3.45% 0.58%

Analyst Recommendations

This is a summary of recent recommendations for Clearway Energy Inc Class C and Innergex Renewable Energy, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Clearway Energy Inc Class C 0 1 0 0 2.00
Innergex Renewable Energy 0 0 0 0 N/A

Clearway Energy Inc Class C presently has a consensus price target of $20.00, indicating a potential upside of ∞. Given Clearway Energy Inc Class C’s higher probable upside, equities analysts plainly believe Clearway Energy Inc Class C is more favorable than Innergex Renewable Energy.

Summary

Innergex Renewable Energy beats Clearway Energy Inc Class C on 5 of the 9 factors compared between the two stocks.

About Clearway Energy Inc Class C

Clearway Energy, Inc., through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2017, it had contracted renewable and conventional generation portfolio of 5,118 net megawatt (MW). The company also owns thermal infrastructure assets with an aggregate steam and chilled water capacity of 1,319 net MW thermal equivalents, and electric generation capacity of 123 net MW. Its thermal infrastructure assets provide steam, hot water and/or chilled water, and electricity to commercial businesses, universities, hospitals, and governmental units. The company was founded in 2012 and is based in Princeton, New Jersey. NRG Yield, Inc. is a subsidiary of Global Infrastructure Partners.

About Innergex Renewable Energy

Innergex Renewable Energy Inc. operates as an independent renewable power producer. It develops, owns, and operates run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power facilities. The company operates through five segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, Geothermal Generation, and Site Development. As of February 27, 2019, it had interests in 68 operating facilities with a net installed capacity of 2,082 megawatt (MW), including 37 hydroelectric facilities, 25 wind farms, 4 solar farms, and 2 geothermal power facilities, as well as 8 development projects with net installed capacity of 900 MW and prospective projects with gross installed capacity of 8,147 MW. The company has operations in Quebec, Ontario, and British Columbia, Canada; and the United States, Chile, France, and Iceland. Innergex Renewable Energy Inc. was founded in 1990 and is headquartered in Longueuil, Canada.

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