North American Clean Energy Demand Will Expand Renewable Markets

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

30 Jan 25

Updated

27 Nov 25

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-17.0%

7D

-2.3%

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1Y

-17.0%

7D

-2.3%

You can edit this narrative until Nov 28 8:10 AM. Then, changes will post as Updates.

Author's Valuation

CA$36.933.9% undervalued

AnalystConsensusTarget Fair Value

Shared on 27 Nov 25

BLX: Upcoming Québec Wind Project Will Support Power Segment Momentum

Analysts have adjusted their price targets for Boralex, with recent research reflecting both upward and downward revisions between C$36 and C$39. The changes are attributed to a mix of softer sector trends as well as expectations for regulated utility performance.

Shared on 11 Nov 25

Fair value Decreased 3.15%

BLX: Upcoming Commercial Operation In Québec Will Drive Sector Momentum

Analysts have revised Boralex's price target downward from C$38.10 to C$36.90, citing a modest increase in the discount rate, tempered fair value estimates, ongoing sector volatility, and shifting growth expectations. Analyst Commentary Recent analyst updates highlight a range of perspectives on Boralex's current valuation and future trajectory.

Shared on 01 May 25

Fair value Increased 3.36%

Shared on 23 Apr 25

AnalystConsensusTarget has decreased revenue growth from 8.7% to 7.5%.

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Decreased 3.66%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Decreased 1.09%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Increased 1.55%

AnalystConsensusTarget Fair Value

CA$36.9

33.9% undervalued

Future estimation in

% p.a.

0

Decrease

Increase

Current revenue growth rate

10.43%

Renewable Energy revenue growth rate

0.42%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

9.53%

Calculation

CA$171.26m

Earnings '28

x

28.82x

PE Ratio '28

=

CA$4.94b

Market Cap '28

CA$4.94b

Market Cap '28

/

102.72m

No. shares '28

=

CA$48.05

Share Price '28

CA$48.05 Share Price '28

Discounted to 2025 @ 9.46% p.a.

=

CA$36.64

Fair Value '25