Buy, Sell or Hold: Boralex Inc. (BLX-T) — Stock Predictions at Stockchase

Boralex Inc. (BLX-T)

TSE:BLX

28.87

0.25 (0.86%) 1d

Canadian banks, utilities rally, U.S. tech fades Weekly 52-Week Low (or 52-Week High): BAM-T, ATRL-T, NPI-T, SVA-X and More 52-Week Highs and Lows (Jan 22-28)Banks lift TSX, CRM sinks Dow

Investor Insights

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

Boralex Inc. (BLX-T) is recognized as a top performer in the renewable energy sector, with a strong emphasis on growth and financial health. Reviewers highlight impressive increases in EBITDA, alongside a solid balance sheet which indicates robust management practices. One expert notes the potential impact of rising interest rates on bond proxies, suggesting caution for utility and REIT investments. However, they see Boralex as having more upside potential for a trading strategy, balancing the risks against the ability of this stock to capitalize on market conditions. Overall, Boralex is viewed positively for its management and growth in a competitive market.

Consensus

Positive

Valuation

Fair Value

Similar

NextEra Energy, NEE-N

BUY

By far, best performer in the space. Great growth in EBITDA, good balance sheet, great management.

TRADE

This is how he'd play the renewable energy trade. Thinks rates will go higher next year, which makes him cautious. If that's the case for rates, a lot of the bond proxies like utilities and REITs are going to come under pressure. A bit more upside potential, but for a trade.

DON'T BUY

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.

TOP PICK

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)

PAST TOP PICK

(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.

BUY

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.

WATCH

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.

BUY

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.

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.

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.

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.

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

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)

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.

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.

Showing 1 to 15 of 80 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 2025-04-15, Boralex Inc. (BLX-T) stock closed at a price of $28.87.

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Boralex Inc. (BLX-T)

TSE:BLX

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Boralex Inc.(BLX-T) Rating

Boralex Inc.(BLX-T) Frequently Asked Questions

What is Boralex Inc. stock symbol?

Is Boralex Inc. a buy or a sell?

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

Why is Boralex Inc. stock dropping?

Is Boralex Inc. worth watching?

What is Boralex Inc. stock price?

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