TSE:BLX
27.23
0.23
(0.85%)
Boralex is a power producer whose core business is dedicated to the development, building and operation of renewable energy power facilities.
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Analysis and Opinions about BLX-T
Signal
Opinion
Expert
BUY
BUY
November 18, 2019
A great chart. It's trending higher, though looks a little stretched. BLX is a bond proxy, so collect the dividend. Short-term, he expects a pullback, so investors should floor into this. This should be a relative outperformer. Great chart.
Show full opinionHide full opinion
A great chart. It's trending higher, though looks a little stretched. BLX is a bond proxy, so collect the dividend. Short-term, he expects a pullback, so investors should floor into this. This should be a relative outperformer. Great chart.
PAST TOP PICK
PAST TOP PICK
October 24, 2019
(A Top Pick Jul 08/19, Up 10%) They had a couple of quarters below average in production and then had quarters above average. The price does not reflect their development pipeline. They are looking at solar in New York state but for now you are not paying for it.
Show full opinionHide full opinion(A Top Pick Jul 08/19, Up 10%) They had a couple of quarters below average in production and then had quarters above average. The price does not reflect their development pipeline. They are looking at solar in New York state but for now you are not paying for it.
TOP PICK
TOP PICK
July 8, 2019
It is a good candidate for environmental social governance investing. It is renewable energy. Assets are in Canada and France. They are guiding to a much stronger pipeline in France than originally anticipated. They are going into solar and battery technology also. (Analysts’ price target is $32.32)
Show full opinionHide full opinionIt is a good candidate for environmental social governance investing. It is renewable energy. Assets are in Canada and France. They are guiding to a much stronger pipeline in France than originally anticipated. They are going into solar and battery technology also. (Analysts’ price target is $32.32)
WAIT
WAIT
July 5, 2019
Sell? Yield is 3.35%. Likes the growth prospects. He would suggest to sit on this one and give it time, there is a good chance the share price will come back up. He would put this one a little bit in between the growth vs income spectrum. Probably going to be better options if you are really focused on the dividends.
Show full opinionHide full opinionSell? Yield is 3.35%. Likes the growth prospects. He would suggest to sit on this one and give it time, there is a good chance the share price will come back up. He would put this one a little bit in between the growth vs income spectrum. Probably going to be better options if you are really focused on the dividends.
PAST TOP PICK
PAST TOP PICK
March 27, 2019
(A Top Pick Oct 01/18, Up 9%) 47% of its wind turbines are in France which likes wind power. BLX sold off when Ontario's Ford government announced it would cut back on green power, but BLX is on sale now and pays a 3% yield. This has very long contracts at fixed utility rates.
Show full opinionHide full opinion(A Top Pick Oct 01/18, Up 9%) 47% of its wind turbines are in France which likes wind power. BLX sold off when Ontario's Ford government announced it would cut back on green power, but BLX is on sale now and pays a 3% yield. This has very long contracts at fixed utility rates.
BUY
BUY
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.
Show full opinionHide full opinionHe 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.
TOP PICK
TOP PICK
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)
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)
HOLD
HOLD
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.
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.
BUY
BUY
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.
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.
BUY
BUY
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.
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.
PAST TOP PICK
PAST TOP PICK
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.
(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.
PAST TOP PICK
PAST TOP PICK
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.
(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.
BUY
BUY
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.
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.
DON'T BUY
DON'T BUY
June 12, 2017
Not an even keeled stock. Things are getting overbought. It is probably due for a healthy pullback.
Not an even keeled stock. Things are getting overbought. It is probably due for a healthy pullback.
COMMENT
COMMENT
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.
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.
