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Boralex Inc Class A BLX

Morningstar Rating
CAD 33.29 +0.42 (1.28%)
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Company Report

Boralex Remains Focused on 2025 Strategic Targets

Boralex is an independent power producer focused on the development and operation of renewable energy facilities in North America and Europe. We view it 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.

Price vs Fair Value

BLX is trading at a 763% premium.
Price
CAD 33.29
Fair Value
CAD 56.00
Uncertainty
Medium
1-Star Price
CAD 52.20
5-Star Price
CAD 44.40
Economic Moat
Cnl
Capital Allocation
Qclwwwg

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.

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News

Trading Information

Previous Close Price
CAD 32.87
Day Range
CAD 32.9333.73
52-Week Range
CAD 25.4036.68
Bid/Ask
CAD 33.19 / CAD 33.42
Market Cap
CAD 3.42 Bil
Volume/Avg
205,879 / 288,275

Key Statistics

Price/Earnings (Normalized)
31.92
Price/Sales
3.50
Dividend Yield (Trailing)
1.98%
Dividend Yield (Forward)
1.98%
Total Yield
2.01%

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
ORSTED
BEP
Price/Earnings (Normalized)
31.928.76
Price/Book Value
2.022.861.87
Price/Sales
3.503.151.33
Price/Cash Flow
7.3914.365.32
Price/Earnings
BLX
ORSTED
BEP

Financial Strength

Metric
BLX
ORSTED
BEP
Quick Ratio
1.101.020.38
Current Ratio
1.161.370.56
Interest Coverage
2.39−3.351.12
Quick Ratio
BLX
ORSTED
BEP

Profitability

Metric
BLX
ORSTED
BEP
Return on Assets (Normalized)
2.25%−2.42%−0.03%
Return on Equity (Normalized)
8.89%−10.60%−0.52%
Return on Invested Capital (Normalized)
3.95%−2.73%2.86%
Return on Assets
BLX
ORSTED
BEP
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