TSE:BLX

Boralex Inc. (BLX.TO)

37.04
+0.04 (0.11%)
as of Jul 10, 2026, 8:00:00 pm Market Open.
200 watching
0
Investor Insights
star iconJul 11, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

Boralex Inc. is recognized as a leading player in the renewable energy sector, primarily focusing on offshore wind projects across France, Canada, and other regions. The company is actively engaged in several growth initiatives, which, while promising, also carry inherent risks associated with project development. Once construction is completed, Boralex enjoys the advantage of zero input costs, which enhances its profitability. Experts appreciate the stock's current valuation at approximately 9 times its operating cash flow, suggesting it may be appealing for investors seeking exposure to renewable energy without the challenges faced in US markets, which are often more difficult for such projects. Additionally, the company offers a decent dividend yield, making it attractive for income-focused investors.

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Consensus
Positive
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Valuation
Fair Value
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Similar
EDP-E
TOP PICK
In Canada and France. Stock's come off, but one of the best growth profiles of the independent power producers. Expanding into the US. Not the biggest player, mid-market, can carve out a niche to capture growth and projects. Undemanding valuation. Yield is 1.80%. (Analysts’ price target is $47.75)
BUY
The whole group has traded together. There have been some big pull backs. We have to get past them. There is certainly no change to the drivers of the business. This is probably not the worst time to own them.
WEAK BUY
He did not think we would get the kind of pullback we had over the last two months. It is not his favourite name, but see his top picks today. There was a topping pattern coming out of last year. He thinks it will eventually come back. Governments all over the world are making net zero pledges.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Margins are growing. Balance sheet needs some improvement but this is across the industry. The sector is seeing an enormous influx of interest but long-term views remain positive. Could add here with a long-term horizon. Unlock Premium - Try 5i Free

PAST TOP PICK
(A Top Pick Apr 24/20, Up 55%) The industry has done well on Biden's election and his green energy platform, but the space has recently pulled back. BLX now has further upside as does the green energy space.
HOLD
Allan Tong’s Discover Picks Quebec-based solar and wind energy producer, Boralex , has soared over 30% since October 30, plus another 10% in mid-January amid the euphoria leading up to Biden’s inauguration. In short, Boralex is a hold. Instead, we’ll likely see more upside near-term from NPI and AQN, which also pay higher dividends (2.45% and 3.53%). Read 6 Promising Green Energy Stocks for our full analysis.
BUY
The renewable space has seen rapid at a rapid clip. This company also has additional growth. Firing on all cylinders. Will be able to grow into the valuation. ESG still remains a strong part of the market with strong demand. If they keep executing on current growth, which he thinks they will, still upside from current levels.
DON'T BUY

Valuations have gotten very excessive. Their claim to fame is wind generation and they have been active on the acquisition front, especially in France. This space will be with us for a long time to come. He would prefer AQN-T or NPI-T.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock and its peers have seen a run up recently. It is smaller than peers but it has a better growth profile. Good for growth oriented investors. Unlock Premium - Try 5i Free

COMMENT

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The Biden win was probably fully priced in so that accounts for the slight pullback recently. The stocks are up 50% this year. Sector rotation is also a factor and investors may be switching out for underperforming stocks. No real concern and both companies remain a buy. Unlock Premium - Try 5i Free

BUY ON WEAKNESS
Renewable space is attractive, a secular growth theme. You want exposure to the sector. Stock price has run up, so wait for a pullback. Good long-term play. Yield is 1.6%.
TOP PICK

Billy Kawasaki’s Insights - Picks from 5i Research. A renewable power producer. It has done well although it is expensive, trading around 71x earnings. They enjoy good earnings prospects and sales have doubled in past years. They have a lot of debt but cash flow is growing quickly. An aggressive choice in the sector. Unlock Premium - Try 5i Free

PAST TOP PICK
(A Top Pick Jul 08/19, Up 62%) He still owns it. The market at the time was not giving fair value for the wind generation revenues of the company. In the past 4 consecutive quarters there was generation growth and the critics were put to rest. They have added several onshore wind projects in France and a solar project in New York.
TOP PICK
A renewable energy company. Free cash flow is up huge. Earnings growth is expected up 33% next year. Yield 2.45% (Analysts’ price target is $29.88)
TOP PICK
He's owned this for 10 years, on and off. BLX is a big beneficiary in ESG as investors divest in oil and buy renewables. BLX is big in wind and hydro power. They have a yield of 2.09% with a lot of capital reinvested to grow the company. (Analysts’ price target is $27.94)
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