Innergex adds wind power

Article Excerpt

INNERGEX RENEWABLE ENERGY, $15.18, is a #1 Buy for 2022. The power generator (Toronto symbol INE; Shares outstanding: 204.1 million; Market cap: $3.1 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.7%; www.innergex.com) operates 40 hydroelectric plants, 32 wind farms and eight solar power fields. They’re spread across Canada, the U.S., France and Chile. Innergex recently paid $96.4 million to acquire the remaining 30.45% interest in 16 wind power farms in France that it didn’t already own. The purchase will help the company take better advantage of rising energy demand and prices in France. Meanwhile, Innergex shares give you a solid 4.7% yield. Innergex is a #1 Buy for 2022. 2022…