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Investor Insights

This summary was created by AI, based on 4 opinions in the last 12 months.

Boralex Inc., with symbol BLX-T, is a leading renewable energy producer with a robust pipeline of storage projects expected to double production capacity. The company has high-quality assets and a strong management team, and has seen recent record results with strong free cashflow. However, the cost of financing new projects has increased measurably with higher rates, impacting the payback time and causing valuation in the space to be crushed. Despite this, experts believe the company has great growth potential ahead, especially with a full pipeline of fully contracted projects and an expectation for production to double in the next few years.

Consensus
Positive
Valuation
Undervalued
DON'T BUY
Boralex Inc.

Power generation, in multiple different ways. Really embraced clean energy, which he's all for as an idea, but not as an investment. Cost of financing new projects has gone up measurably with higher rates, and the payback time is very long.

electrical utilities
TOP PICK
Boralex Inc.

Leading renewable energy producer. Mainly in wind, solar. Robust pipeline of storage projects expected to double production capacity. Valuations in space have been crushed. By far, best in the sector. Very high-quality assets, best management team. Multi-decade growth and tailwinds. 

Great entry point at historically low levels of 9x EBITDA. Recent record results, 22% growth in EBITDA. Strong free cashflow. Yield is 2.3%.

(Analysts’ price target is $39.30)
electrical utilities
PAST TOP PICK
Boralex Inc.
(A Top Pick Jun 06/22, Down 11%)

Very good Q1 results. Full pipeline of fully contracted projects. Won 2 large storage projects in Ontario. Expects production to double within next few years. Rising rates have been an overhang on the sector. Great growth ahead.

electrical utilities
BUY
Boralex Inc.
Allan Tong’s Discover Picks

Between the March 28 budget till the eve of Good Friday, BLX rallied 9.2% while Algonquin Power (surprisingly) rose 6.1% and Northland Power 2.1%. Since February 24, Boralex has soared 20%, also outpacing its peers. Read Dark horses: Nuvei, Cineplex, Boralex for our full analysis.

electrical utilities
WATCH
Boralex Inc.

None of the renewable businesses are under pressure on the dividends, but it's the valuations. He likes them for growth and ESG reasons, but hasn't made the switch. Once he did make the switch, BLX would be one of the first names on his list.

electrical utilities
BUY
Boralex Inc.
Allan Tong’s Discover Picks Boralex already had a strong presence in western Europe when Russia invaded Ukraine in February 2022. Fears of a cold winter in Europe that has cut off Russia energy helped fuel (pardon the pun) the rally in BLX last summer. Reember that Boralex is the only other green energy player operating in Europe. While the August rally stopped sooner than expected, BLX is making another run now. The street forgave Boralex missing its last quarter in November due to these projections of growth and acquisitions. Read 3 Reopening Stocks for China’s Return for our full analysis.
electrical utilities
BUY
Boralex Inc.
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
HOLD
Boralex Inc.
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
Boralex Inc.
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
Boralex Inc.

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
Boralex Inc.
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
Boralex Inc.
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
Boralex Inc.
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
Boralex Inc.

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
Boralex Inc.
(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
Showing 1 to 15 of 78 entries

Boralex Inc.(BLX-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 2

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, 2 stock analysts published opinions about BLX-T. 1 analyst recommended to BUY the stock. 1 analyst 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?

2 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 2024-05-24, Boralex Inc. (BLX-T) stock closed at a price of $32.96.