Boralex engages in the development and operation of renewable energy power facilities in Canada, France, the UK, and the U.S. It is the largest independent producer of onshore wind power in France.
Its operating segments include wind (89% of its portfolio), hydroelectric (8%), thermal (2%) and solar assets (1%) with a total production capacity of 1,919 MW.
By geography, Canada and France are its largest markets accounting for 48% each of its total asset allocation, followed by the U.S. More than 98% of its revenues are derived from energy sales under contract, which ensures stable and predictable cash flow.
With more than thirty years of experience, Boralex has developed a strong expertise and established diversified businesses. As a major player in the renewable energy sector, Boralex should benefit from the increasing rates of clean energy adoption in its major markets given its solid reputation of an independent power producer.
Stock Chart & Metrics
- Ticker: TSE:blx
- Sector: Utilities
- Industry: Utilities - Renewable
- Market Cap: 3.02B
- Market Cap Group: Mid Cap
- P/E: 41.37
- Dividend Yield: 2.25%
- Grade: D
- Dividend Aristocrat: NO
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 2/10
- Dividend Income Fit: 4/10
Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| BEP.UN | TSE:BEP.UN | Brookfield Renewable Partners | 9.71 | 0.00 | 5.47 | NO | 1 | 12 | 109 |
| BEPC | TSE:BEPC | Brookfield Renewable Partners | 6.45 | 6.41 | 5.12 | NO | 1 | 12 | 109 |
| AQN | TSE:AQN | Algonquin Power & Utilities Corp | 5.62 | 0.00 | 7.26 | NO | 1 | 12 | 109 |
| NPI | TSE:NPI | Northland Power | 5.58 | 14.27 | 5.46 | NO | 1 | 12 | 109 |
| RNW | TSE:RNW | TransAlta Renewables | 3.43 | 44.02 | 7.31 | NO | 1 | 12 | 109 |
| BLX | TSE:BLX | Boralex | 3.02 | 41.37 | 2.25 | NO | 1 | 12 | 109 |
| INE | TSE:INE | Innergex Renewable Energy | 1.94 | 0.00 | 7.59 | NO | 1 | 12 | 109 |
| PIF | TSE:PIF | Polaris Infrastructure | 0.28 | 15.23 | 6.20 | NO | 1 | 12 | 109 |
Top Picks by Bay Street Experts
Expert stock analysts have shared their opinions, and sometimes prediction, on the company.
For more top picks from stock analysts on Bay Street, check the full list of top picks by expect stock analysts from investment and asset management firms.
Not all analysts are equal and they don't cover the same type of stocks. The analysts performance and ownership is tracked for comparison.
Boralex - FAQ
What is the stock ticker for Boralex?
The stock ticker for Boralex is TSE:blx.
Is Boralex a good stock to buy?
You need to consider your investment strategy and how TSE:blx can fit in your portfolio.
The current dividend income score of 4/10 and dividend growth score of 2/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is Boralex a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 30 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.
How can I buy stocks for Boralex?
You can easily buy the BLX stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.