Boralex Inc. (BLX.TO) Buy, Sell or Hold

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Boralex Inc. (BLX.TO)

37.08

-0.05 (0.13%)

as of Jul 31, 2026, 8:00:00 pm Market Open.

199 watching

Investor Insights

Jul 31, 2026, 12:00 am

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

Boralex Inc. (BLX-T) stands out as a leading player in the renewable energy sector, with a strong focus on offshore wind energy projects primarily in France and Canada. The company is actively pursuing growth opportunities, which inherently come with their own set of risks. However, the expertise highlights a key advantage of Boralex: once construction is completed, the input costs are negligible, allowing for more predictable operating margins. The valuation at 9 times operating cash flow is considered appealing, especially given the strong growth trajectory and decent dividend yield. Additionally, while operating mainly outside the U.S., Boralex avoids some of the complexities associated with renewable energy projects in that market.

Consensus

Positive

Valuation

Fair Value

Similar

Energias, IBE

HOLD

The renewable space. Good space and growth, but the valuations are high. BLX has had a pretty good move lately, but wouldn't add to it.

BUY

A great chart. It's trending higher, though looks a little stretched. BLX is a bond proxy, so collect the dividend. Short-term, he expects a pullback, so investors should floor into this. This should be a relative outperformer. Great chart.

PAST TOP PICK

(A Top Pick Jul 08/19, Up 10%) They had a couple of quarters below average in production and then had quarters above average. The price does not reflect their development pipeline. They are looking at solar in New York state but for now you are not paying for it.

TOP PICK

It is a good candidate for environmental social governance investing. It is renewable energy. Assets are in Canada and France. They are guiding to a much stronger pipeline in France than originally anticipated. They are going into solar and battery technology also. (Analysts’ price target is $32.32)

WAIT

Sell? Yield is 3.35%. Likes the growth prospects. He would suggest to sit on this one and give it time, there is a good chance the share price will come back up. He would put this one a little bit in between the growth vs income spectrum. Probably going to be better options if you are really focused on the dividends.

PAST TOP PICK

(A Top Pick Oct 01/18, Up 9%) 47% of its wind turbines are in France which likes wind power. BLX sold off when Ontario's Ford government announced it would cut back on green power, but BLX is on sale now and pays a 3% yield. This has very long contracts at fixed utility rates.

BUY

He likes it. It pays a dividend. Not as high as some other renewable energy dividends, however. He expects to see some price fluctuations. If they want to acquire new projects they have to raise equity but their payout is not that high so they may not have to in terms of getting new projects. You could see it grow if we see growth in the renewable energy space.

TOP PICK

The biggest independent wind power company in Canada but also France, which accounts for nearly half its operations, plus 31% in Quebec where BLX recently bought more operations. Stock is down 15% because Ontario premier Ford said he would scrap green energy projects but BLX mostly has operations outside Ontario. BLX will continue to grow production. (3.5% dividend, Analysts' price target: $25.67)

HOLD

It has been a long term holding of his. It has been caught up in a lack of interest in dividend paying stocks. It is an independent power producer in Quebec, the US and France. He would stick with it. They tend to have volatile earnings. They had a poor quarter a while ago.

BUY

He really likes it. If you liked it at $20, you'll like it more at $19. It's viable long-term and they are 100% into renewable energy. They can keep growing internationally. Pays a nice dividend. Its forward earnings multiple is high, but remember that a lot of projects in green energy take time. Keep an eye on how much debt green companies carry and how interest rates rise. Trading at a little of 2x price-to-book.

BUY

Very well managed. You can sleep well at night owning this. He hasn't looked at the deal just announced a few hours ago where they bought some Quebec wind farms. Leveraged levels are fine. You can buy this and do okay. Doesn't see a lot of capital appreciation until there's resolution about interest rates rising. A solid company. Fairly valued compared to peers like Fortis.

PAST TOP PICK

(A Top Pick Dec 12/16, Up 41.69%) They had announced a big acquisition and the stock had come down. They are well managed company and renewable energy is only going to grow in the world in importance. If it pulls back it would be a good time to buy it.

PAST TOP PICK

(A Top Pick Dec 12/16, Up 41%) They now have big projects in Scotland. They are extremely well managed. It is one of his top holdings and he continues to like the space. There is a lot more growth ahead of it.

BUY

This is going to do fine. They have excellent renewable energy assets. The valuation is a little more expensive, but these types of renewable businesses should trade at a premium multiple. The valuation is not overly expensive.

DON'T BUY

Not an even keeled stock. Things are getting overbought. It is probably due for a healthy pullback.

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Boralex Inc. (BLX.TO)