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Boralex Inc Class A BLX

Morningstar Rating
CAD 34.32 +0.29 (0.85%)
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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 859% premium.
Price
CAD 34.03
Fair Value
CAD 96.00
Uncertainty
Medium
1-Star Price
CAD 16.70
5-Star Price
CAD 83.20
Economic Moat
Bpjf
Capital Allocation
Rqsmzjv

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 34.03
Day Range
CAD 34.0234.75
52-Week Range
CAD 25.4036.68
Bid/Ask
CAD 34.26 / CAD 34.47
Market Cap
CAD 3.53 Bil
Volume/Avg
560,466 / 296,192

Key Statistics

Price/Earnings (Normalized)
32.63
Price/Sales
3.58
Dividend Yield (Trailing)
1.94%
Dividend Yield (Forward)
1.94%
Total Yield
1.94%

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)
32.638.43
Price/Book Value
2.061.952.75
Price/Sales
3.581.393.03
Price/Cash Flow
7.565.5613.81
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
Fhv$66.2 Bil
GE Vernova Inc
GEV
ZnrzgqdxTsqx$47.3 Bil
Verbund AG ADR
OEZVY
Jsjw$28.8 Bil
Verbund AG Class A
OEZVF
Qgft$28.8 Bil
Orsted A/S ADR
DNNGY
Pqsd$23.7 Bil
Orsted A/S
DOGEF
Msfpr$23.7 Bil
China Longyuan Power Group Corp Ltd Class H
CLPXF
Nktcv$15.9 Bil
China Longyuan Power Group Corp Ltd ADR
CLPXY
Htmpy$15.9 Bil
Brookfield Renewable Partners LP
BEP
TphhtypljmWdwb$7.5 Bil
Brookfield Renewable Corp Ordinary Shares - Class A (Sub Voting)
BEPC
BxkxgbxfkxQsn$5.2 Bil

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