The value of insider purchases of shares in the case of Innerex renewable energy reached PLN 831.8 thousand. Canadian dollars

When a single insider buys shares, it’s usually not a major deal. However, when many insiders buy shares, such as Innerex Renewable Energy Inc (TSE:INE), this is good news for shareholders.

While we don’t believe shareholders should simply follow insider trading, logic dictates that you should pay attention to whether insiders are buying or selling shares.

See our latest analysis for Innerex Renewable Energy

Innerex renewable energy insider trades over the past year

Independent director Marc-Andre Aube made the biggest insider purchase in the last 12 months. This single transaction involved 308,000 shares. CAD at C$7.69 each. Even though the purchase was made at a much lower price than the last price (CAD$9.53), we still think insider buying is positive. Since the shares were purchased at a lower price, this particular purchase doesn’t tell us much about what insiders think about the current share price.

While Innergex Renewable Energy insiders have bought shares in the last year, they haven’t sold. Insider transactions (by companies and individuals) over the last year are shown in the chart below. If you want to know exactly who sold, for how much and when, just click on the chart below!

Innerex Renewable Energy is not the only stock that insiders are buying. For those who like to find small-cap companies at attractive valuations, This free a list of growing companies with recent insider purchasing could be just the ticket.

Renewable energy insiders Innerex have recently bought shares

It’s good to see that Innergex Renewable Energy insiders have made significant investments in the company’s stock. In total, two insiders spent PLN 113,000. Canadian dollars for the company’s shares and none were sold. This can be interpreted as suggesting a positive attitude.

Does Innergex Renewable Energy boast a large number of insiders?

I like to look at how much stock insiders own in a company, which helps me gauge how aligned they are with insiders. I think it’s a good sign if insiders own a significant number of shares of the company. Insiders own 0.8% of Innergex Renewable Energy, worth approximately C$15m. We’ve certainly seen higher levels of insider ownership elsewhere, but these shares are enough to suggest equalization between insiders and other shareholders.

What can insider transactions at Innergex Renewable Energy tell us?

Recent insider buying is certainly a positive. The analysis of transactions from the last year also gives us confidence. But on the other hand, the company suffered a loss last year, which makes us cautious. Insiders will likely see value in Innergex Renewable Energy stock given these transactions (along with noticeable insider ownership of the company). So these insider transactions can help us build a thesis on the stock, but it’s also worth knowing the risks this company faces. For this purpose, it is worth reading 2 warning signs we’ve noticed with Innergex Renewable Energy (including 1 that doesn’t fit us very well).

If you’d rather check out another company – one with potentially better financials – don’t miss out free a list of interesting companies that have a HIGH return on equity and low debt.

For the purposes of this article, insiders are individuals who report their transactions to the appropriate regulatory authority. We currently only include open market transactions and private dispositions of direct interests, but not derivative transactions or indirect interests.

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This article by Simply Wall St is of a general nature. We comment based on historical data and analyst forecasts, using only an unbiased methodology, and our articles are not intended to provide financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide long-term, focused analysis based on fundamental data. Please note that our analysis may not reflect the latest price-sensitive company announcements or qualitative content. Simply Wall St has no position in any of the stocks mentioned.