Boralex Inc Class A
BLX: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 49.00 | Tfdj | Mmznrwhdk |
The Niche Renewable Developer: Initiating Coverage of Boralex With CAD 38 Fair Value Estimate
Business Strategy and Outlook
Boralex is an independent power producer focused on the development and operation of renewable energy facilities in North America and Europe. We view Boralex as a strong developer of renewables amid an increasingly competitive backdrop. We credit the company for its historical focus on under-the-radar and generally smaller projects compared with peers.