Boralex Inc Class A

BLX: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 32.00	Ccttr	Gvfdzgnj

Boralex Earnings: Solid Start to the Year; Shares Undervalued

Brett Castelli

May 16, 2024

We are maintaining our CAD 36 fair value estimate for no-moat Boralex following its first quarter earnings. Shares closed May 15 at a 13% discount to our fair value estimate following a 7% rise on the day.

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