47

Boralex Inc. (BLX-T)

ON STOCKCHASE SINCE Aug 2003

Independent power producer

electrical utilities

Boralex Inc.
BLX-T

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Signal	Opinion	Expert
BUY	Boralex Inc.(BLX-T) March 14, 2019 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. electrical utilities 0 0 0 0 0 0 comments	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. electrical utilities 0 0 0 0 0 0 comments Tim Nash Financial , The Sustainable Econ... Price $18.890 Owned Unknown

TOP PICK	Boralex Inc.(BLX-T) October 1, 2018 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) electrical utilities 0 0 0 0 0 0 comments	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) electrical utilities 0 0 0 0 0 0 comments Gavin Graham Trustee, Pointbreak ETFs... Price $17.960 Owned Yes
HOLD	Boralex Inc.(BLX-T) September 10, 2018 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. electrical utilities 0 0 0 0 0 0 comments	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. electrical utilities 0 0 0 0 0 0 comments Gerard Ferguson CEO & Port, Jemekk Capital Manag... Price $19.300 Owned Yes
BUY	Boralex Inc.(BLX-T) September 4, 2018 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. electrical utilities 0 0 0 0 0 0 comments	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. electrical utilities 0 0 0 0 0 0 comments Tim Nash Financial , The Sustainable Econ... Price $19.180 Owned Unknown
BUY	Boralex Inc.(BLX-T) June 20, 2018 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. electrical utilities 0 0 0 0 0 0 comments	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. electrical utilities 0 0 0 0 0 0 comments Steve DiGregori Portfolio , Canoe Financial... Price $20.940 Owned No
PAST TOP PICK	Boralex Inc.(BLX-T) January 29, 2018 (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. electrical utilities 0 0 0 0 0 0 comments	(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. electrical utilities 0 0 0 0 0 0 comments Stephen Takacsy Chief Inve, Lester Asset Managem... Price $23.790 Owned Yes
PAST TOP PICK	Boralex Inc.(BLX-T) December 11, 2017 (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. electrical utilities 0 0 0 0 0 0 comments	(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. electrical utilities 0 0 0 0 0 0 comments Stephen Takacsy Chief Inve, Lester Asset Managem... Price $23.630 Owned Yes
BUY	Boralex Inc.(BLX-T) December 8, 2017 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. electrical utilities 0 0 0 0 0 0 comments	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. electrical utilities 0 0 0 0 0 0 comments Veeral Khatri Partner an, JC Clark... Price $23.550 Owned No
DON'T BUY	Boralex Inc.(BLX-T) June 12, 2017 Not an even keeled stock. Things are getting overbought. It is probably due for a healthy pullback. electrical utilities 0 0 0 0 0 0 comments	Not an even keeled stock. Things are getting overbought. It is probably due for a healthy pullback. electrical utilities 0 0 0 0 0 0 comments Keith Richards Portfolio , ValueTrend Wealth Ma... Price $22.330 Owned Unknown
COMMENT	Boralex Inc.(BLX-T) April 26, 2017 Thinks the weakness on this has been the French elections. They have a lot of wind farms in France, and the talk is that, depending on who gets elected, they could be done with the wind farms or any new wind farms. Thinks it is a safe dividend, and they are continuing to grow with new projects. electrical utilities 0 0 0 0 0 0 comments	Thinks the weakness on this has been the French elections. They have a lot of wind farms in France, and the talk is that, depending on who gets elected, they could be done with the wind farms or any new wind farms. Thinks it is a safe dividend, and they are continuing to grow with new projects. electrical utilities 0 0 0 0 0 0 comments Bruce Campbell President , Stone Castle Investm... Price $20.800 Owned Unknown
HOLD	Boralex Inc.(BLX-T) April 4, 2017 Valuation is not expensive. They have a plan to grow the company dramatically over the next few years. There are a number of catalysts that are upcoming for the company, from dividend increases to other acquisition opportunities. They are growing their capacity and tend to have longer-term contracts. Feels this will be a very different company 3 years from now, but in a positive way. electrical utilities 0 0 0 0 0 0 comments	Valuation is not expensive. They have a plan to grow the company dramatically over the next few years. There are a number of catalysts that are upcoming for the company, from dividend increases to other acquisition opportunities. They are growing their capacity and tend to have longer-term contracts. Feels this will be a very different company 3 years from now, but in a positive way. electrical utilities 0 0 0 0 0 0 comments Gerard Ferguson CEO & Port, Jemekk Capital Manag... Price $21.710 Owned Yes
WAIT	Boralex Inc.(BLX-T) March 14, 2017 Sold his holdings fairly recently. This has just been added to the TSX Composite, so there will be quite a bit of index investors buying the stock over the coming weeks. 19.9% of the company is owned by Cascades (CAS-T), and he gets the impression that we are in a target range where Cascades might actually sell that block, or at least a portion of it, so you may get an opportunity to buy this a little bit lower. electrical utilities 0 0 0 0 0 0 comments	Sold his holdings fairly recently. This has just been added to the TSX Composite, so there will be quite a bit of index investors buying the stock over the coming weeks. 19.9% of the company is owned by Cascades (CAS-T), and he gets the impression that we are in a target range where Cascades might actually sell that block, or at least a portion of it, so you may get an opportunity to buy this a little bit lower. electrical utilities 0 0 0 0 0 0 comments Daniel Lloyd Portfolio , Forge First Asset Ma... Price $20.500 Owned No
PAST TOP PICK	Boralex Inc.(BLX-T) February 21, 2017 (A Top Pick Feb 8/16. Up 38.9%.) Wind and renewable energy. Continues to rank well in his overall dividend model. Yield of 3% and payout ratio of 23%. The purpose of owning this is to benefit from the rising earnings, up 36% in November, and expected to be up 75% when they report in March. Year-over-year earnings growth is expected to go from $.21 in 2016, to $.48 in 2017, giving a 42X PE multiple. Free cash flow is minus 7%. Enterprise value to EBITDA is at 13X. Still feels there are great opportunities for growth. electrical utilities 0 0 0 0 0 0 comments	(A Top Pick Feb 8/16. Up 38.9%.) Wind and renewable energy. Continues to rank well in his overall dividend model. Yield of 3% and payout ratio of 23%. The purpose of owning this is to benefit from the rising earnings, up 36% in November, and expected to be up 75% when they report in March. Year-over-year earnings growth is expected to go from $.21 in 2016, to $.48 in 2017, giving a 42X PE multiple. Free cash flow is minus 7%. Enterprise value to EBITDA is at 13X. Still feels there are great opportunities for growth. electrical utilities 0 0 0 0 0 0 comments Robert McWhirte President, Selective Asset Mana... Price $20.210 Owned No
PAST TOP PICK	Boralex Inc.(BLX-T) February 7, 2017 (A Top Pick Nov11/16. Up 9.47%.) (BNN showed June 27/16! – Bill.) This has been a long term holding, and he will continue to hold it. Did a very successful equity financing last quarter to buy out a partner in a wind project in Ontario. They’ve completed that and it is very accretive to the company. As a result, they boosted their dividend. electrical utilities 0 0 0 0 0 0 comments	(A Top Pick Nov11/16. Up 9.47%.) (BNN showed June 27/16! – Bill.) This has been a long term holding, and he will continue to hold it. Did a very successful equity financing last quarter to buy out a partner in a wind project in Ontario. They’ve completed that and it is very accretive to the company. As a result, they boosted their dividend. electrical utilities 0 0 0 0 0 0 comments Gerard Ferguson CEO & Port, Jemekk Capital Manag... Price $20.330 Owned Yes
TOP PICK	Boralex Inc.(BLX-T) December 12, 2016 One of his top positions, but it pulled back in the ‘Trump-tantrum’. This one also announced several huge deals recently as well as a new financing. They made huge acquisitions in France and Scotland as well as a huge wind farm in Niagara. Dividend 3.25% (Analysts’ Target: $22.44) electrical utilities 0 0 0 0 0 0 comments	One of his top positions, but it pulled back in the ‘Trump-tantrum’. This one also announced several huge deals recently as well as a new financing. They made huge acquisitions in France and Scotland as well as a huge wind farm in Niagara. Dividend 3.25% (Analysts’ Target: $22.44) electrical utilities 0 0 0 0 0 0 comments Stephen Takacsy Chief Inve, Lester Asset Managem... Price $17.200 Owned Yes

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