Skip to Content

Boralex Inc Class A BLX

Morningstar Rating
CAD 34.11 +0.61 (1.82%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

Price vs Fair Value

BLX is trading at a 418% premium.
Price
CAD 34.11
Fair Value
CAD 77.00
Uncertainty
Medium
1-Star Price
CAD 25.10
5-Star Price
CAD 58.10
Economic Moat
Wrtc
Capital Allocation
Wbwhjwtr

Bulls Say, Bears Say

Bulls

Boralex has a history of being a disciplined developer of renewable energy projects.

Bears

Boralex’s long-term strategy seeks to expand its solar presence, where it has limited experience.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if BLX is a good fit for your portfolio.

News

Trading Information

Previous Close Price
CAD 33.50
Day Range
CAD 33.5234.17
52-Week Range
CAD 25.4037.01
Bid/Ask
CAD 34.00 / CAD 34.45
Market Cap
CAD 3.51 Bil
Volume/Avg
198,520 / 285,557

Key Statistics

Price/Earnings (Normalized)
32.70
Price/Sales
3.59
Dividend Yield (Trailing)
1.93%
Dividend Yield (Forward)
1.93%
Total Yield
1.93%

Company Profile

Boralex is a power producer whose core business is dedicated to the development and operation of renewable energy power stations in Canada, France, the United States and the United Kingdom. Boralex owns power generation assets across four technologies: wind, solar, hydroelectric, and thermal. Substantially all of its operating assets are subject to indexed fixed-price energy sales contracts.
Sector
Utilities
Industry
Utilities - Renewable
Stock Style Box
Mid Growth
Total Number of Employees
753

Competitors

Valuation

Metric
BLX
BEP
ORSTED
Price/Earnings (Normalized)
32.708.57
Price/Book Value
2.071.932.79
Price/Sales
3.591.383.08
Price/Cash Flow
7.575.5014.05
Price/Earnings
BLX
BEP
ORSTED

Financial Strength

Metric
BLX
BEP
ORSTED
Quick Ratio
1.100.381.02
Current Ratio
1.160.561.37
Interest Coverage
2.391.12−3.35
Quick Ratio
BLX
BEP
ORSTED

Profitability

Metric
BLX
BEP
ORSTED
Return on Assets (Normalized)
2.25%−0.03%−2.42%
Return on Equity (Normalized)
8.89%−0.52%−10.60%
Return on Invested Capital (Normalized)
3.95%2.86%−2.73%
Return on Assets
BLX
BEP
ORSTED
See how this stock stacks up to its competitors with Morningstar Investor

Utilities - Renewable Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Constellation Energy Corp
CEG
Zgxqpj$69.5 Bil
GE Vernova Inc
GEV
SvrhnjhsRmmf$49.2 Bil
Verbund AG ADR
OEZVY
Jqhtl$28.2 Bil
Verbund AG Class A
OEZVF
Wlcww$28.2 Bil
Orsted A/S ADR
DNNGY
Pkms$23.5 Bil
Orsted A/S
DOGEF
Nhwmx$23.5 Bil
CEZ a.s
CZAVF
Lscvd$21.8 Bil
China Longyuan Power Group Corp Ltd ADR
CLPXY
Jplr$15.5 Bil
Brookfield Renewable Partners LP
BEP
PpswtjfmjSfw$7.2 Bil
Brookfield Renewable Corp Ordinary Shares - Class A (Sub Voting)
BEPC
DfstpygcfHcxt$5.3 Bil

Sponsor Center