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Boralex Inc. has received positive reviews from different experts, with its Q1 results being very good and a full pipeline of fully contracted projects. The company has also won 2 large storage projects in Ontario and expects its production to double within the next few years. Despite the overhang of rising rates on the sector, there is great growth potential ahead for Boralex Inc.
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.
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.
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
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
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
In the last year, 2 stock analysts published opinions about BLX-T. 2 analysts 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..
Boralex Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Boralex Inc..
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.
2 stock analysts on Stockchase covered Boralex Inc. In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Boralex Inc. (BLX-T) stock closed at a price of $28.25.
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.