BUY
Allan Tong’s Discover Picks The company boasted liquidity of $921 million in its Q2 report that will contribute to increase capacity to 4.4 GW overall by 2025, at a CAGR (compound annual growth rate) of 16%. Boralex trades at 12.3x 2023 EV/EBITDA, which is below the sector average of 13.7x. BLX pays a 1.3&% dividend which has fallen as shares rallied. Its price targets to $55 are reasonable, promising some upside, which makes Boralex a trade or a long-term hold. Read 3 Stocks to See Green in Green Energy Stocks for our full analysis.
electrical utilities

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HOLD
A good run driven by divestiture of wind assets and by its recent win on solar procurement. Demonstrates their ability to go into new markets and capture growth. They could use solar as a platform to expand energy and battery storage. Hold for the long term.
electrical utilities
TOP PICK
One of Canada's fastest growing renewable companies (wind, solar & hydro). Last week announced major contract with NY State (5 solar farms), will increase capacity 20%. One of only two Canadian renewable companies with presence in Europe. Valuations down which is creating buying opportunity.
electrical utilities
HOLD

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. In a volatile market, anything is possible. However, they still like it. The cash flow is stable and the growth potential may attract interest in a choppy backdrop. Unlock Premium - Try 5i Free

electrical utilities
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)
electrical utilities
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.
electrical utilities
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.
electrical utilities
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

electrical utilities
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.
electrical utilities
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.
electrical utilities
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.
electrical utilities
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.

electrical utilities
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

electrical utilities
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

electrical utilities
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%.
electrical utilities
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Boralex Inc.(BLX-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

Stockchase rating for Boralex Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Boralex Inc.(BLX-T) Frequently Asked Questions

What is Boralex Inc. stock symbol?

Boralex Inc. is a Canadian stock, trading under the symbol BLX-T on the Toronto Stock Exchange (BLX-CT). It is usually referred to as TSX:BLX or BLX-T

Is Boralex Inc. a buy or a sell?

In the last year, 3 stock analysts published opinions about BLX-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Boralex Inc..

Is Boralex Inc. a good investment or a top pick?

Boralex Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Boralex Inc..

Why is Boralex Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Boralex Inc. worth watching?

3 stock analysts on Stockchase covered Boralex Inc. In the last year. It is a trending stock that is worth watching.

What is Boralex Inc. stock price?

On 2022-12-07, Boralex Inc. (BLX-T) stock closed at a price of $37.87.