TSE:BLX

Boralex Inc. (BLX.TO)

36.85
-0.01 (0.03%)
as of Jun 4, 2026, 8:00:00 pm Market Open.
200 watching
0
Investor Insights
star iconJun 4, 2026, 12:00 am

This summary was created by AI, based on 2 opinions in the last 12 months.

Boralex Inc. is positioned as a leader in the renewable energy sector, with a primary focus on offshore wind projects spanning France, Canada, and other regions. The company is actively engaged in several growth projects, presenting potential high returns despite associated risks. A notable advantage is that once construction is completed, ongoing input costs become negligible, enhancing operational efficiency. Current market conditions, particularly the potential improvement in interest rates, could serve as a catalyst for growth in the renewable sector, although Boralex has been identified as a laggard among peers. Nevertheless, its valuation, estimated at 9x operating cash flow, alongside a decent dividend yield, suggests an attractive investment scenario, particularly as the sector begins to show signs of recovery.

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Consensus
Positive
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Valuation
Fair Value
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HELIOS, HLG.TO
BUY
(Market Call Minute.) A lot of the power trusts have been beaten up. Good hydro-assets.
TOP PICK
One of the largest producers of Hydro Electric plus thermal power as well as wind power. Year over year earnings growth is up 33%. ROE is reasonable at 9%.
TOP PICK
Independent power producer. Volume is increasing. Feels it will go a lot higher.
SELL
Recently reported good numbers. Have put themselves up for sale. The parent company, Boralex (BLX-T) indicated they might take them over, but probably at a lower price.. Have always looked at this as a lower tier power trust group.
DON'T BUY
Doesn't see any upside. Underweight on the whole power/pipe sector as he doesn't see the growth. If you are looking for stability, this sector has that, but maybe you should try Alta Gas (ALA.UN-T) which will participate in the growth of the pipeline expansion out west.
DON'T BUY
Pays out more cash than it generates at about 114%. Will be interest sensitive. Fully valkued.
HOLD
Has had a rocky start. Had some start up issues on a plant. Water shortage has been a problem. CEO and CFO have left. Strong balance sheet and distributions should be safe.
TOP PICK
Purchasing new, high-quality assets on the Hudson River.This purchase creates an underpayment on distributions and the quality of earnings goes up.Thinks its under priced.
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