Innergex Renewable Energy (INE) has notable insider selling

Innergex Renewable Energy (T:INE)

Ross J. Beaty, a Director, disposed 273,600 Common Shares on an indirect ownership basis for registered holder Kestrel Holdings Ltd. at a price of $16.570 through the public market on December 9th, 2022. This represents a $4,533,552 divestment of the company's shares and an account share holdings change of -42.8%.

Innergex Renewable Energy Inc. is a Canada-based independent renewable power producer. The Company develops, acquires, owns and operates renewable power-generating facilities with a focus on hydroelectric, wind and solar production as well as energy storage technologies. The Company has three operating segments: hydroelectric power generation; wind power generation and solar power generation. Through its hydroelectric, wind power and solar power generation segments, it sells electricity produced by its hydroelectric, wind farm and solar facilities to publicly owned utilities or other creditworthy counterparties. It owns interests in approximately 40 hydroelectric facilities, 35 wind farms, eight solar farms and one battery energy storage facility. It owns and operates approximately 84 facilities in commercial operation. The Company's geographic segments include Canada, the United States, France and Chile.