View ValuationBoralex 将来の成長Future 基準チェック /36Boralex利益と収益がそれぞれ年間66.3%と5.8%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に2.8% 47.7%なると予測されています。主要情報66.3%収益成長率47.74%EPS成長率Renewable Energy 収益成長6.3%収益成長率5.8%将来の株主資本利益率2.80%アナリストカバレッジLow最終更新日30 Apr 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Apr 21Boralex Inc. to Report Q1, 2026 Results on May 14, 2026Boralex Inc. announced that they will report Q1, 2026 results at 7:00 AM, US Eastern Standard Time on May 14, 2026お知らせ • Mar 25Brookfield Asset Management Ltd. (TSX:BAM), together with its institutional partners including Brookfield Renewable Partners L.P. (TSX:BEP.UN), and La Caisse de dépôt et placement du Québec entered into a definitive agreement to acquire 85% stake in Boralex Inc. (TSX:BLX) for CAD 3.3 billion.Brookfield Asset Management Ltd. (TSX:BAM), together with its institutional partners including Brookfield Renewable Partners L.P. (TSX:BEP.UN), and La Caisse de dépôt et placement du Québec entered into a definitive agreement to acquire 85% stake in Boralex Inc. (TSX:BLX) for CAD 3.3 billion on March 25, 2026. Under the terms of the agreement, La Caisse will increase its ownership to 30% from 15% stake with Brookfield acquiring the remaining 70% stake in Boralex for CAD 37.25 per share. Upon completion of the transaction, it is expected that Boralex's common shares will be delisted from the TSX, and, following closing, Boralex will cease to be a reporting issuer under applicable Canadian securities laws. Boralex will operate independently following close of the transaction. In case of termination of transaction, a termination fee of CAD 115 million would be payable by Boralex in certain circumstances, including in the context of a superior proposal supported by Boralex. Boralex would also be entitled to a reverse termination fee of CAD 172 million in certain circumstances. Holders of approximately 15.4% of the common shares of Boralex, including La Caisse de dépôt et placement du Québec, have agreed to vote their outstanding Common Shares in favor of the transaction. The Board of Directors of Boralex Inc., after receiving the unanimous recommendation of the Special Committee, as well as advice from its financial advisors and outside legal counsel, is unanimously recommending that shareholders vote in favor of the transaction. The transaction is subject to regulatory approvals, required approvals from Boralex’s shareholders, court approval as well as the satisfaction of other customary closing conditions. The deal has been unanimously approved by the Board of Directors of Boralex. The transaction is expected to close in Q4 2026. RBC Capital Markets Inc. and National Bank Capital Markets acted as financial advisors and fairness opinion providers for Boralex Inc. CIBC Capital Markets acted as financial advisor for La Caisse de dépôt et placement du Québec. Desjardins Capital Markets acted as financial advisor and fairness opinion provider for the special committee of Boralex Inc. BMO Capital Markets acted as financial advisor for Brookfield Asset Management Ltd. Davies Ward Phillips & Vineberg LLP acted as legal advisor for La Caisse de dépôt et placement du Québec. McCarthy Tétrault LLP acted as legal advisor for Brookfield Asset Management Ltd. Stikeman Elliott LLP acted as legal advisor for Boralex Inc.お知らせ • Feb 28+ 1 more updateBoralex Inc. Announces Chief Financial Officer ChangesBoralex inc. announced the appointment of Philippe Bonin as Chief Financial Officer, effective March 16, 2026. In this role, Mr. Bonin will bring his extensive experience to support the delivery of the 2030 Strategic Plan. Mr. Bonin’s appointment follows a rigorous selection process. Stéphane Milot, who has served as Interim Chief Financial Officer, will return to his role as Vice President, Investor Relations and Financial Planning & Analysis. Together, Mr. Milot and Mr. Bonin will work closely to ensure a smooth transition and to continue advancing the Finance function, enabling the full mobilization of the financial levers necessary to support the Company’s success. Philippe Bonin is a seasoned financial executive with extensive experience across regulated industries as well as the telecommunications, technology, media, and private equity sectors. Known for his people-centered leadership, he has led strategic capital allocation decisions, managed mergers and acquisitions, overseen project evaluations, and developed long-term financial planning initiatives. His cross-sector track record gives him hands-on expertise in navigating diverse business models and operating in complex environments. Before joining Boralex, Mr. Bonin held senior leadership roles and, over the course of his career, worked with organizations including Cogeco, TC Transcontinental, La Caisse, Talent.com, and Ernst & Young. He is a Chartered Professional Accountant (CPA) and holds an MBA from McGill University.お知らせ • Feb 24Boralex Inc., Annual General Meeting, May 14, 2026Boralex Inc., Annual General Meeting, May 14, 2026.お知らせ • Feb 11Boralex Inc. Declares Quarterly Dividend, Payable on March 16, 2026Boralex Inc. has declared a quarterly dividend of $0.165 per common share. This dividend will be paid on March 16, 2026 to shareholders of record at the close of business on February 27, 2026.お知らせ • Jan 27Boralex Inc. to Report Q4, 2025 Results on Feb 27, 2026Boralex Inc. announced that they will report Q4, 2025 results at 7:00 AM, US Eastern Standard Time on Feb 27, 2026お知らせ • Dec 04Boralex Inc. Announces Appointment Executive ChangesBoralex Inc. announced the appointment of Jean-Christophe Dall’Ava as Executive Vice President and General Manager, Europe, succeeding Nicolas Wolff. Jean-Christophe Dall’Ava brings nearly 20 years of experience in the renewable energy sector, both in France and internationally. He joined Boralex in 2014, dedicating his first four years to driving the Company’s growth through several mergers and acquisitions, before taking the lead of the development teams. In 2019, he created the commercialization department and shaped Boralex’s Europe strategy, positioning the company as a pioneer in the French power purchase agreements (PPA) market. Jean-Christophe Dall’Ava is a board member of the Syndicat des Énergies Renouvelables (SER). He combines deep industry expertise, a strong understanding of electricity markets, and a recognized ability to unite teams around common goals. He fully embodies the values that define Boralex: respect, communication, teamwork, creativity, and entrepreneurship. The outgoing Executive Vice President and General Manager, Europe, is Nicolas Wolff. Effective date: December 4, 2025.お知らせ • Nov 08Boralex Inc. announces Quarterly dividend, payable on December 15, 2025Boralex Inc. announced Quarterly dividend of CAD 0.1650 per share payable on December 15, 2025, ex-date on November 28, 2025 and record date on November 28, 2025.お知らせ • Oct 29Boralex Inc. Appoints Ted Di Giorgio to Its Board of DirectorsBoralex inc. announced the appointment of Ted Di Giorgio to its Board of Directors. Over the course of nearly 35 years at EY, Mr. Di Giorgio advised public and private companies across a broad range of industries, including manufacturing (notably aerospace and rail transportation), financial services, technology, media, and entertainment, and distinguished himself as a senior leader within the firms global network. He also most recently served on the Board of Directors and the Audit Committee of Hroux-Devtek Inc. from March 2023 to February 2025. Mr. Di Giorgio is also a Fellow of lOrdre des comptables professionnels agrs du Qubec.お知らせ • Oct 08Boralex Inc. to Report Q3, 2025 Results on Nov 07, 2025Boralex Inc. announced that they will report Q3, 2025 results at 7:00 AM, US Eastern Standard Time on Nov 07, 2025お知らせ • Aug 08+ 4 more updatesBoralex Announces Board ChangesBoralex Inc. announced the appointment of Mr. André Courville as Chair of the Board of Directors. He will officially succeed Mr. Alain Rhéaume on September 30, following Mr. Rhéaume’s retirement announced last June after 15 years of service on the Board, including eight as Chair. Following the announcement of Mr. Rhéaume’s retirement, the Board’s Governance Committee diligently initiated and completed the selection process for his successor. Mr. Courville, who has served on Boralex’s Board of Directors since 2019, will now take the helm as Boralex embarks on a new strategic cycle following the unveiling of its 2030 Strategy last June.お知らせ • Jul 08Boralex Inc. to Report Q2, 2025 Results on Aug 08, 2025Boralex Inc. announced that they will report Q2, 2025 results at 7:00 AM, US Eastern Standard Time on Aug 08, 2025お知らせ • Jun 19Boralex Inc. Announces Step Down of Alain Rhéaume as Chair of its Board of DirectorsBoralex Inc. announced that the Chair of its Board of Directors, Mr. Alain Rhéaume, has informed the Board that he will step down from his position once a successor has been appointed by the directors, no later than December of this year. Mr. Rhéaume is announcing his retirement following the release of Boralex’s 2030 Strategy. The process of selecting a new Chair will be overseen by the Board’s Governance Committee and must be completed no later than December 2025, at the request of Mr. Rhéaume, as he will then reach the 15-year term limit for directors in accordance with the Company’s governance policies. Under Mr. Rhéaume’s leadership, Boralex has made substantial progress, including: Drawing on the succession plan implemented under the Board’s supervision, the executive team has been renewed, beginning with the appointment of Patrick Decostre as President and Chief Executive Officer. The team now includes new leaders across several areas of the Company; Over the past 10 months, the Board has welcomed three new directors, enhancing the Board’s broad range of skills and experience, while two others have stepped down; The objectives of the 2025 Strategic Plan have been rigorously pursued and largely achieved. The 2030 Strategy, unveiled on June 17, will ensure the continuation of Boralex’s ambitious growth trajectory.お知らせ • Jun 12Boralex Inc. Announces Executive ChangesBoralex Inc. announced the appointment of Robin Deveaux as Executive Vice President and General Manager, North America. He succeeds Hugues Girardin, who will retire on December 31, 2025. Robin Deveaux, a seasoned finance professional, brings over 20 years of experience in the renewable energy and professional services sectors. He is being promoted to Executive Vice President and General Manager after having served as Vice President, Finance, and subsequently as Senior Vice President, Finance and Asset Management for North America at Boralex. Since joining Boralex, Robin has stood out for his inclusive leadership, strategic thinking, and ability to drive projects forward in a fast-evolving environment. Hugues Girardin will act as Transition Advisor to senior management until his retirement to ensure a smooth and effective handover of responsibilities. Following an outstanding 34-year career, Hugues Girardin leaves behind a strong and inspiring legacy, having played a major role in developing, building, and promoting the Company’s assets. He was consistently driven by a commitment to strengthen community engagement, create lasting value for investors and stakeholders, and unite teams around a common vision.お知らせ • May 15Boralex Inc. Announces Quarterly Dividend, Payable on June 16, 2025Boralex Inc. Board of Directors has authorized and announced a quarterly dividend of $0.1650 per common share. This dividend will be paid on June 16, 2025, to shareholders of record at the close of business on May 30, 2025.お知らせ • Apr 15Boralex Inc. to Report Q1, 2025 Results on May 14, 2025Boralex Inc. announced that they will report Q1, 2025 results at 7:00 AM, US Eastern Standard Time on May 14, 2025お知らせ • Feb 25Boralex Inc., Annual General Meeting, May 14, 2025Boralex Inc., Annual General Meeting, May 14, 2025. Location: montreal, quebec Canadaお知らせ • Feb 12Boralex Inc. Declares Quarterly Dividend, Payable on March 17, 2025The Board of Directors of Boralex inc. declared a quarterly dividend of $0.165 per common share. This dividend will be paid on March 17, 2025 to shareholders of record at the close of business on February 28, 2025.お知らせ • Jan 27Boralex Inc. to Report Q4, 2024 Results on Feb 28, 2025Boralex Inc. announced that they will report Q4, 2024 results at 7:00 AM, US Eastern Standard Time on Feb 28, 2025Reported Earnings • Nov 16Third quarter 2024 earnings released: CA$0.13 loss per share (vs CA$0.029 loss in 3Q 2023)Third quarter 2024 results: CA$0.13 loss per share (further deteriorated from CA$0.029 loss in 3Q 2023). Revenue: CA$159.0m (down 11% from 3Q 2023). Net loss: CA$14.0m (loss widened 367% from 3Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • Nov 15Boralex Inc. Declares Quarterly Dividend, Payable on December 16, 2024Board of Directors of Boralex Inc. have authorized and announced a quarterly dividend of CAD 0.1650 per common share. This dividend will be paid on December 16, 2024, to shareholders of record at the close of business on November 29, 2024.Board Change • Nov 05Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Director Dominique Miniere was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Oct 11Boralex Inc. (TSX:BLX) acquired 43 megawatts (MW) in Scotland from PNE AG.Boralex Inc. (TSX:BLX) agreed to acquire 43 megawatts (MW) in Scotland from PNE AG on October 10, 2024 Boralex Inc. (TSX:BLX) completed acquisition of 43 megawatts (MW) in Scotland from PNE AG on October 10, 2024Declared Dividend • Aug 19Second quarter dividend of CA$0.17 announcedShareholders will receive a dividend of CA$0.17. Ex-date: 30th August 2024 Payment date: 17th September 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 2.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: CA$0.10 (vs CA$0.18 in 2Q 2023)Second quarter 2024 results: EPS: CA$0.10 (down from CA$0.18 in 2Q 2023). Revenue: CA$189.0m (down 13% from 2Q 2023). Net income: CA$11.0m (down 42% from 2Q 2023). Profit margin: 5.8% (down from 8.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.8% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Aug 14Boralex Inc. Declares Quarterly Dividend, Payable on September 17, 2024Boralex Inc.’s Board of Directors has authorized and announced a quarterly dividend of $0.1650 per common share. This dividend will be paid on September 17, 2024, to shareholders of record at the close of business on August 30, 2024. Boralex designates this dividend as an “eligible dividend” pursuant to paragraph 89 (14) of the Income Tax Act (Canada) and all provincial legislation applicable to eligible dividends.お知らせ • Aug 08Boralex Inc. Announces the Appointment of Ricky Fontaine to Its Board of DirectorsBoralex inc. announced the appointment of Mr. Ricky Fontaine to its Board of Directors. Ricky Fontaine has held numerous executive positions with national, regional and local organizations, including General Manager of the local government of Uashat mak Mani-uteman and General Manager of the Corporation de développement économique montagnaise. During these mandates, he worked on the strategic planning associated with government activities and the commercial operations of the community of Uashat (ITUM), and was a key player in the implementation of the Impact Benefit Agreements (IBAs) signed by Uashat in the mining and energy sectors. Mr. Fontaine is also an active member of several boards of directors, including the First Peoples Innovation Centre (where he is also a member of the Finance committee) and Canada Post (where he is also a member of the Audit and ESG committees). He has participated in committees monitoring the implementation of IBAs between ITUM and ArcelorMittal, Iron Ore Quebec, Tata Steel Minerals Canada and Rio Tinto – IOC. Mr. Fontaine also chaired the Board of Directors of the Laurentian Pilotage Authority, a Crown corporation, and was an ex-officio member of all its committees, in addition to sitting on the Board of Directors of the Régie du Bâtiment du Québec, including the Audit Committee, which he chaired on an interim basis. Mr. Fontaine's experience will complement the varied skills of Boralex's current directors. With over 30 years of involvement in energy issues, he will bring a valuable perspective to the Company's Board of Directors. Mr. Fontaine currently runs his own consulting firm specializing in the management and analysis of government policies relating to Indigenous affairs and economic development.お知らせ • Jul 16Boralex Inc. to Report Q2, 2024 Results on Aug 14, 2024Boralex Inc. announced that they will report Q2, 2024 results at 7:00 AM, US Eastern Standard Time on Aug 14, 2024Declared Dividend • May 19First quarter dividend of CA$0.17 announcedShareholders will receive a dividend of CA$0.17. Ex-date: 31st May 2024 Payment date: 17th June 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 2.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 16First quarter 2024 earnings released: EPS: CA$0.53 (vs CA$0.42 in 1Q 2023)First quarter 2024 results: EPS: CA$0.53 (up from CA$0.42 in 1Q 2023). Revenue: CA$268.0m (down 12% from 1Q 2023). Net income: CA$55.0m (up 28% from 1Q 2023). Profit margin: 21% (up from 14% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.お知らせ • May 16Boralex Inc. Announces Quarterly Dividend, Payable on June 17, 2024The board of directors of Boralex Inc. has authorized and announced a quarterly dividend of $0.1650 per common share. This dividend will be paid on June 17, 2024, to shareholders of record at the close of business on May 31, 2024.お知らせ • Apr 09Boralex Inc. to Report Q1, 2024 Results on May 15, 2024Boralex Inc. announced that they will report Q1, 2024 results at 7:00 AM, Eastern Standard Time on May 15, 2024Reported Earnings • Mar 03Full year 2023 earnings released: EPS: CA$0.76 (vs CA$0.29 in FY 2022)Full year 2023 results: EPS: CA$0.76 (up from CA$0.29 in FY 2022). Revenue: CA$1.02b (up 22% from FY 2022). Net income: CA$78.0m (up 160% from FY 2022). Profit margin: 7.6% (up from 3.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Upcoming Dividend • Feb 21Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 28 February 2024. Payment date: 15 March 2024. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (3.6%).Declared Dividend • Feb 19Third quarter dividend of CA$0.17 announcedShareholders will receive a dividend of CA$0.17. Ex-date: 28th February 2024 Payment date: 15th March 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has increased by an average of 2.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 3.2% to bring the payout ratio under control. EPS is expected to grow by 56% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Feb 17Boralex Inc., Annual General Meeting, May 15, 2024Boralex Inc., Annual General Meeting, May 15, 2024.お知らせ • Feb 13Boralex Inc. Declares Quarterly Dividend, Payable on March 15, 2024Boralex Inc. has declared a quarterly dividend of $0.165 per common share. This dividend will be paid on March 15, 2024 to shareholders of record at the close of business on February 29, 2024.お知らせ • Jan 26Boralex Inc. to Report Q4, 2023 Results on Mar 01, 2024Boralex Inc. announced that they will report Q4, 2023 results at 7:00 AM, US Eastern Standard Time on Mar 01, 2024お知らせ • Jan 15Boralex Inc. Announces Appointment of Dominique Minière to Its Board of DirectorsBoralex inc. announced the appointment of Dominique Minière to its Board of Directors. Mr. Minière is a director of a variety of public and private companies, including Cameco, Holtec International Inc, ORTEC Group and Engineering Planning and Management Inc. He has also served on the Board of Directors of the World Association of Nuclear Operators (WANO) and as Chairman of the French Nuclear Energy Industry Group (GIFEN), where he led the development of a multi-year development plan. Dominique Minière has extensive experience in the energy sector, particularly nuclear power, and carries an open, systemic vision of the energy landscape. A world-renowned expert, Mr. Minière has devoted over 40 years of his career to Electricité de France (EDF), developing a keen understanding of the French energy market and the European electricity system. In the course of his career, he managed complex projects involving structural transformation, optimization, digitalization and improvement of health and safety practices, as well as contributing to the drafting of French energy legislation. After rising through the ranks of the nuclear division, he joined EDF's Executive Committee in 2015 as Chief Operating Officer, overseeing the group's thermal and nuclear activities for 4 years. In Canada, Mr. Minière held senior positions at Ontario Power Generation (OPG). Initially responsible for developing and maintaining operations for the nuclear branch, he later became Chief Strategy Officer for the organization, overseeing OPG's strategy and development, notably for renewable energies, hydroelectricity, hydrogen and electrification.Upcoming Dividend • Nov 23Upcoming dividend of CA$0.17 per share at 2.2% yieldEligible shareholders must have bought the stock before 29 November 2023. Payment date: 15 December 2023. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.6%).お知らせ • Nov 11Boralex Inc. Announces Quarterly Dividend, Payable on December 15, 2023The Board of Directors of Boralex Inc. has authorized and announced a quarterly dividend of $0.1650 per common share. This dividend will be paid on December 15, 2023, to shareholders of record at the close of business on November 30, 2023.Reported Earnings • Nov 10Third quarter 2023 earnings released: CA$0.03 loss per share (vs CA$0.43 loss in 3Q 2022)Third quarter 2023 results: CA$0.03 loss per share (improved from CA$0.43 loss in 3Q 2022). Revenue: CA$178.0m (up 68% from 3Q 2022). Net loss: CA$3.00m (loss narrowed 93% from 3Q 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • Oct 11Boralex Inc. to Report Q3, 2023 Results on Nov 09, 2023Boralex Inc. announced that they will report Q3, 2023 results at 7:00 AM, US Eastern Standard Time on Nov 09, 2023Buying Opportunity • Oct 03Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €25.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.Upcoming Dividend • Aug 23Upcoming dividend of CA$0.17 per share at 2.0% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 18 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.6%).Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: CA$0.19 (vs CA$0.097 in 2Q 2022)Second quarter 2023 results: EPS: CA$0.19 (up from CA$0.097 in 2Q 2022). Revenue: CA$216.0m (up 26% from 2Q 2022). Net income: CA$19.0m (up 90% from 2Q 2022). Profit margin: 8.8% (up from 5.8% in 2Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 14Boralex Inc. to Report Q2, 2023 Results on Aug 14, 2023Boralex Inc. announced that they will report Q2, 2023 results at 7:00 AM, US Eastern Standard Time on Aug 14, 2023お知らせ • Jul 04Boralex inc. Announces the Appointment of Mihaela Stefanov as Senior Vice President, Enterprise Risk Management and Corporate Social ResponsibilityBoralex inc. announced the appointment of Mihaela Stefanov as Senior Vice President, Enterprise Risk Management and Corporate Social Responsibility (CSR). With this new role, Ms. Stefanov joins the Boralex Executive Committee effective immediately. Mihaela joined Boralex in April 2021 as Director, Corporate Social Responsibility, before being promoted to Vice President, Corporate Social Responsibility. She orchestrated the development and deployment of the CSR strategy throughout the company and coordinated the various internal and external disclosures in this area. She has 12 years experience in strategy and consulting in sustainable development and social responsibility. Before joining Boralex, she worked in the climate change and sustainable development department at a major consulting firm for 10 years before joining the Boralex team.Upcoming Dividend • May 23Upcoming dividend of CA$0.17 per share at 1.7% yieldEligible shareholders must have bought the stock before 30 May 2023. Payment date: 15 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%).Reported Earnings • May 11First quarter 2023 earnings released: EPS: CA$0.41 (vs CA$0.49 in 1Q 2022)First quarter 2023 results: EPS: CA$0.41 (down from CA$0.49 in 1Q 2022). Revenue: CA$304.0m (up 32% from 1Q 2022). Net income: CA$43.0m (down 14% from 1Q 2022). Profit margin: 14% (down from 22% in 1Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.お知らせ • May 11Boralex Inc. Announces Quarterly Dividend, Payable on June 15, 2023Boralex Inc. announced a quarterly dividend of $0.1650 per common share. This dividend will be paid on June 15, 2023, to shareholders of record at the close of business on May 31, 2023.Recent Insider Transactions • Mar 05President recently bought €69k worth of stockOn the 27th of February, Patrick Decostre bought around 3k shares on-market at roughly €25.02 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Patrick's only on-market trade for the last 12 months.Reported Earnings • Feb 26Full year 2022 earnings released: EPS: CA$0.30 (vs CA$0.17 in FY 2021)Full year 2022 results: EPS: CA$0.30 (up from CA$0.17 in FY 2021). Revenue: CA$836.0m (up 21% from FY 2021). Net income: CA$30.0m (up 77% from FY 2021). Profit margin: 3.6% (up from 2.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 8.4% decline forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Feb 20Upcoming dividend of CA$0.17 per share at 1.8% yieldEligible shareholders must have bought the stock before 27 February 2023. Payment date: 15 March 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.7%).お知らせ • Feb 17Boralex Inc., Annual General Meeting, May 10, 2023Boralex Inc., Annual General Meeting, May 10, 2023.お知らせ • Feb 15Boralex Inc. Declares Quarterly Dividend, Payable on March 15, 2023The Board of Directors of Boralex inc. has declared a quarterly dividend of $0.165 per common share. This dividend will be paid on March 15, 2023 to shareholders of record at the close of business on February 28, 2023. Boralex has designated this dividend as an eligible dividend within the meaning of Section 89(14) of the Income Tax Act (Canada) and all provisions of provincial laws applicable to eligible dividends.お知らせ • Jan 26Boralex Inc. to Report Q4, 2022 Results on Feb 24, 2023Boralex Inc. announced that they will report Q4, 2022 results at 7:00 AM, US Eastern Standard Time on Feb 24, 2023Upcoming Dividend • Nov 22Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 29 November 2022. Payment date: 15 December 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.6%).Reported Earnings • Nov 10Third quarter 2022 earnings released: CA$0.44 loss per share (vs CA$0.20 loss in 3Q 2021)Third quarter 2022 results: CA$0.44 loss per share (further deteriorated from CA$0.20 loss in 3Q 2021). Revenue: CA$106.0m (down 19% from 3Q 2021). Net loss: CA$44.0m (loss widened 120% from 3Q 2021). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Oct 22Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be €35.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 51% in the next 2 years.Recent Insider Transactions • Sep 16Independent Director recently bought €55k worth of stockOn the 7th of September, Dany St-Pierre bought around 2k shares on-market at roughly €35.99 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €11m more in shares than they bought in the last 12 months.Upcoming Dividend • Aug 23Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 16 September 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.7%).Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: CA$0.10 (vs CA$0.13 loss in 2Q 2021)Second quarter 2022 results: EPS: CA$0.10 (up from CA$0.13 loss in 2Q 2021). Revenue: CA$172.0m (up 14% from 2Q 2021). Net income: CA$10.0m (up CA$23.0m from 2Q 2021). Profit margin: 5.8% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 9.4% compared to a 16% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 23Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 30 May 2022. Payment date: 15 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.3%). In line with average of industry peers (1.6%).Reported Earnings • May 17First quarter 2022 earnings released: EPS: CA$0.49 (vs CA$0.33 in 1Q 2021)First quarter 2022 results: EPS: CA$0.49 (up from CA$0.33 in 1Q 2021). Revenue: CA$230.0m (up 9.0% from 1Q 2021). Net income: CA$50.0m (up 47% from 1Q 2021). Profit margin: 22% (up from 16% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.5% compared to a 30% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.お知らせ • May 12+ 1 more updateBoralex Inc. Announces Board ChangesBoralex Inc. announced the retirement of Mr. Edward H. Kernaghan, a director of the Company for the past 15 years, and his significant contribution to Boralex were also highlighted. Ines Kolmsee elected as director.お知らせ • Apr 13Boralex Inc. to Report Q1, 2022 Results on May 11, 2022Boralex Inc. announced that they will report Q1, 2022 results Pre-Market on May 11, 2022Reported Earnings • Feb 25Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: CA$0.16 (down from CA$0.56 in FY 2020). Revenue: CA$691.0m (up 9.2% from FY 2020). Net income: CA$17.0m (down 69% from FY 2020). Profit margin: 2.5% (down from 8.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 8.0% compared to a 27% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 25Energy Infrastructure Partners signed an agreement to acquire 30% stake in Assets and Development Pipeline of Boralex Inc. (TSX:BLX) for €532 million.Energy Infrastructure Partners signed an agreement to acquire 30% stake in Assets and Development Pipeline of Boralex Inc. (TSX:BLX) for €532 million on February 24, 2022. The transaction will be completed after the required consultation of employee representatives and after obtaining the applicable regulatory approvals. It is expected to close in the first semester of 2022. Cash proceeds to Boralex at transaction close will amount to €532 million and a portion thereof will be invested into Boralex operations in France. Through its 70% stake, Boralex remains the majority shareholder and manager of its assets in France. EPILOGUE Avocats, Mott MacDonald, and Everoze acted as technical advisors to Boralex. Lazard Canada Inc., Accuracy SAS and KPMG Inc. acted as financial advisors while Kaufhold Ossola & Associés acted as legal advisor to Boralex Inc.Upcoming Dividend • Feb 18Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 15 March 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (2.5%).お知らせ • Feb 18Boralex Inc., Annual General Meeting, May 11, 2022Boralex Inc., Annual General Meeting, May 11, 2022.お知らせ • Feb 12Boralex Inc. Announces Quarterly Dividend, Payable on March 15, 2022Boralex Inc. has declared a quarterly dividend of $0.165 per common share. This dividend will be paid on March 15, 2022 to shareholders of record at the close of business on February 28, 2022. Boralex has designated this dividend as an eligible dividend within the meaning of Section 89(14) of the Income Tax Act (Canada) and all provisions of provincial laws applicable to eligible dividends.Upcoming Dividend • Nov 22Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 29 November 2021. Payment date: 15 December 2021. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.3%).Reported Earnings • Nov 13Third quarter 2021 earnings released: CA$0.20 loss per share (vs CA$0.061 loss in 3Q 2020)The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CA$130.0m (up 20% from 3Q 2020). Net loss: CA$20.0m (loss widened 233% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 23Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 16 September 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.6%).Reported Earnings • Aug 10Second quarter 2021 earnings released: CA$0.13 loss per share (vs CA$0.062 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CA$151.0m (up 22% from 2Q 2020). Net loss: CA$13.0m (loss widened 117% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Jun 30Independent Director recently bought €115k worth of stockOn the 25th of June, Zin Smati bought around 5k shares on-market at roughly €25.49 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €103k more in shares than they have sold in the last 12 months.お知らせ • Jun 18Boralex unveils updated strategic plan and corporate objectives for 2025Boralex Inc. unveiled its updated strategic plan and introduced new corporate objectives for 2025 at its 2021 Investor Day. The Company continues to build on the four key strategic directions of the plan launched in 2019: growth, diversification, customers, and optimization. The strategic plan also integrates Boralex's corporate social responsibility (CSR) strategy. Focusing on these key areas will allow for accelerated development of the wind and solar portfolios in the high-potential markets already targeted by the Company and in new markets in Europe and the United States, while also creating the opportunity to introduce energy storage in regions where renewable energy networks are the most developed. The 2025 Strategic Plan presented describes the rapid and significant changes in renewable energy development policies and greenhouse gas emission reduction targets in some countries and provinces, including Quebec, several U.S. states, and some European countries. Boralex's management has also reported strong demand for renewable energy from environmentally conscious companies. These factors have created a business environment that offers numerous opportunities for growth, both organic and through acquisitions. In this highly favourable context and supported by a strong balance sheet, Boralex has announced its goal to double its installed capacity under management and achieve a combined EBITDA(A) of $800 "850 million and discretionary cash flows of $240 "260 million by 2025, representing compound annual growth rates ranging from 9 "15% for all three performance measures.Upcoming Dividend • May 21Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 28 May 2021. Payment date: 15 June 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.0%).Executive Departure • May 12Independent Director has left the companyOn the 6th of May, Yves Rheault's tenure as Independent Director ended after 23.6 years in the role. As of December 2020, Yves personally held 3.11k shares (€92k worth at the time). Yves is the only executive to leave the company over the last 12 months.Reported Earnings • May 06First quarter 2021 earnings released: EPS CA$0.33 (vs CA$0.42 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CA$211.0m (up 3.9% from 1Q 2020). Net income: CA$34.0m (down 17% from 1Q 2020). Profit margin: 16% (down from 20% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.お知らせ • May 06Boralex Inc. Announces Quarterly Dividend, Payable on June 15, 2021Boralex Inc. announced that the Board of Directors has authorized and announced a quarterly dividend of $0.1650 per common share. This dividend will be paid on June 15, 2021, to shareholders of record at the close of business on May 31, 2021.お知らせ • May 01NorPaper Avot-Vallée S.A.S. acquired 12 MW Blendecques Cogeneration Plant from Boralex Inc. (TSX:BLX).NorPaper Avot-Vallée S.A.S. acquired 12 MW Blendecques Cogeneration Plant from Boralex Inc. (TSX:BLX) on April 30, 2021. Norpaper will maintain the Blendecques Cogeneration Plant's in Norpaper's current operations. All employees involved accepted this transfer and will be joining Norpaper's ranks as of May 1, 2021. NorPaper Avot-Vallée S.A.S. completed the acquisition of 12 MW Blendecques Cogeneration Plant from Boralex Inc. (TSX:BLX) on April 30, 2021.Recent Insider Transactions • Mar 06Independent Director recently sold €57k worth of stockOn the 4th of March, Yves Rheault sold around 2k shares on-market at roughly €28.60 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €61k more than they bought in the last 12 months.お知らせ • Feb 27Limekiln Optimisation to Benefit Local Outdoor Access Users by Infinergy and BoralexInfinergy and Boralex have taken the decision to seek to optimise their 21-turbine wind farm at Limekiln, south of Reay in Caithness in order to address a number of key issues. Scoping for a variation to the current Section 36 consent will be submitted to the planning authorities in the coming weeks which will seek to bring a number of improvements to the project, including a revised track design, allowing improved access during the construction works to the core path network and an increase in tip heights to align with the proposed Limekiln Wind Farm Extension. Taking the opportunity to apply for a S36C variation will also allow the project to address a number of other issues facing renewable developers, particularly in the north of Scotland. "The proposed change in the way grid charges are applied to existing and new transmission connected projects in the UK (the TNUoS charging review) will mean that projects furthest from where most of the electricity demand is in the south of the country will see a sharp increase in grid charges due. Projects in the far North of Scotland especially will see a severe negative impact. While company are looking to improve the track design, company are also looking to increase the energy yield from the windfarm by increasing tip heights in line with the Limekiln Extension project and applying state of the art turbine technology. It will allow company to generate more renewable energy with the same number of turbines, the same turbine positions and with the same or even a reduced environmental impact" continued Mr. Wilmar. "As company will be waiting for an outcome from the Limekiln Wind Farm Extension public inquiry, company have the opportunity to make this application which will then, if both are successful, be built as one development, reducing overall disruption during the construction stage. The increase in energy production, building the consented project and the extension project in one go and further optimizing the design the of site will also enhance the economics of the projects, offsetting some of the impacts of the proposed increase in network charges, but also the expected long-term reduction in power prices because of the Covid-19 impacts." Enabling works and onsite felling will continue this year to ensure the site is fully prepared, with the enabling works due to be completed by June this year. Felling work will follow the completion of the enabling works, which will have provided the new haul roads required, and will last until the spring of 2022. Delaying the main construction contracts will allow the forestry work to proceed unhindered and it is expected the operational date for the wind farm will now be late 2023 at the earliest. Together with the Limekiln Extension project, the wind farm has a grid connection contract in place for 106 MW and discussions are progressing with National Grid for a revised connection date. Located 2.8km South/Southwest of Dounreay Power Station, the proposal consists of 21 turbines and has, together with the Limekiln Extension project, a grid connection contract in place for 106 MW. The wind farm will provide sufficient electricity to meet the needs of at least 39,500 homes based on the average generation mix of UK power sources. Limekiln Wind Farm comes with a community benefit fund of £5000 per MW of installed capacity, equating to at least £440,000 per year or nearly £8 million over the lifetime of the development (based on 4.2 MW turbines). In addition, up to 10% of the project will be made available to the local community as a shared ownership opportunity, giving the potential to increase the economic value of the wind farm across Caithness. Infinergy and Boralex announced the execution of a 50-50 joint venture agreement in October 2017, aimed at developing a pipeline of onshore wind projects, including the Limekiln Wind Farm project, essentially located in Scotland for a total estimated capacity of 325 MW.Reported Earnings • Feb 26Full year 2020 earnings released: EPS CA$0.55 (vs CA$0.43 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$633.0m (up 10% from FY 2019). Net income: CA$55.0m (up CA$94.0m from FY 2019). Profit margin: 8.7% (up from net loss in FY 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Feb 26Revenue misses expectationsRevenue missed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 31%, compared to a 28% growth forecast for the Renewable Energy industry in Germany.お知らせ • Feb 26Boralex Inc. Announces Executive ChangesBoralex Inc. announced that Patrick Decostre as President and retirement of Patrick Lemaire, effective December 1, 2020.お知らせ • Feb 12Boralex Inc., Annual General Meeting, May 05, 2021Boralex Inc., Annual General Meeting, May 05, 2021.お知らせ • Jan 26Boralex Inc. (TSX:BLX) acquired Sky High Solar Farm in New York State from Delaware River Solar, LLC.Boralex Inc. (TSX:BLX) acquired Sky High Solar Farm in New York State from Delaware River Solar, LLC on January 25, 2021. Boralex Inc. (TSX:BLX) completed the acquisition of Sky High Solar Farm in New York State from Delaware River Solar, LLC on January 25, 2021.お知らせ • Jan 16Boralex Inc. (TSX:BLX) acquired a 30% stake in Moose Lake Wind Farm from Aeolis Wind Power Corporation for CAD 3.5 million.Boralex Inc. (TSX:BLX) acquired a 30% stake in Moose Lake Wind Farm from Aeolis Wind Power Corporation for CAD 3.5 million on January 15, 2021. Boralex acquired this equity interest for CAD 3.5 million, to which additional matching could be added, subject to certain future conditions that need to be met. Boralex Inc. (TSX:BLX) completed the acquisition of a 30% stake in Moose Lake Wind Farm from Aeolis Wind Power Corporation on January 15, 2021.Is New 90 Day High Low • Dec 28New 90-day high: €29.00The company is up 23% from its price of €23.60 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.22 per share.お知らせ • Dec 03Boralex Inc. (TSX:BLX) acquired remaining 49% stake in 3 Quebec Wind Farms from Caisse de dépôt et placement du Québec.Boralex Inc. (TSX:BLX) entered into a definitive agreement to acquire remaining 49% stake in 3 Quebec Wind Farms from Caisse de dépôt et placement du Québec for approximately CAD 130 million on November 20, 2020. Boralex will acquire 49% stake in 136 MW Des Moulins I wind farm, 21 MW Des Moulins II wind farm and 139 MW Le Plateau I wind farm. As part of the acquisition, Boralex will pay a cash consideration of CAD 121.5 million to Caisse de dépôt et placement du Québec at closing and an additional amount of up to CAD 4 million after closing, subject to the settlement of certain conditions that need to be met. Caisse de dépôt et placement du Québec's 49% equity stake represents 145 MW net installed capacity of 3 Quebec Wind Farms. The transaction is subject to standard closing conditions. The transaction is expected to close at the end of November 2020. The transaction will have a positive contribution to Boralex's discretionary cash flow per share in the first year after the transaction closes. Boralex Inc. (TSX:BLX) completed the acquisition of the remaining 49% stake in 3 Quebec Wind Farms from Caisse de dépôt et placement du Québec on December 2, 2020.お知らせ • Nov 21Boralex Inc. (TSX:BLX) entered into a definitive agreement to acquire remaining 49% stake in 3 Quebec Wind Farms from Caisse de dépôt et placement du Québec for approximately CAD 130 million.Boralex Inc. (TSX:BLX) entered into a definitive agreement to acquire remaining 49% stake in 3 Quebec Wind Farms from Caisse de dépôt et placement du Québec for approximately CAD 130 million on November 20, 2020. Boralex will acquire 49% stake in 136 MW Des Moulins I wind farm, 21 MW Des Moulins II wind farm and 139 MW Le Plateau I wind farm. As part of the acquisition, Boralex will pay a cash consideration of CAD 121.5 million to Caisse de dépôt et placement du Québec at closing and an additional amount of up to CAD 4 million after closing, subject to the settlement of certain conditions that need to be met. Caisse de dépôt et placement du Québec's 49% equity stake represents 145 MW net installed capacity of 3 Quebec Wind Farms. The transaction is subject to standard closing conditions. The transaction is expected to close at the end of November 2020. The transaction will have a positive contribution to Boralex's discretionary cash flow per share in the first year after the transaction closes.業績と収益の成長予測DB:B3H - アナリストの将来予測と過去の財務データ ( )CAD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202795565164465312/31/2026956103174463212/31/20258497-249362N/A9/30/2025828-23-324347N/A6/30/2025830-10-521126N/A3/31/202582211-478157N/A12/31/202485336-183215N/A9/30/202494089-16291N/A6/30/202495995148476N/A3/31/2024986100246482N/A12/31/20231,02278224496N/A9/30/20231,02655310578N/A6/30/202395419425667N/A3/31/202391013341620N/A12/31/202283630257513N/A9/30/202270733133405N/A6/30/202273157106362N/A3/31/202271031155349N/A12/31/202169117166345N/A9/30/202168926182323N/A6/30/202166740193349N/A3/31/202164150187362N/A12/31/202063355206362N/A9/30/20206183204361N/A6/30/2020605-20204346N/A3/31/2020603-27202362N/A12/31/2019574-39117294N/A9/30/2019541-4N/A259N/A6/30/2019526-6N/A218N/A3/31/2019500-21N/A157N/A12/31/2018479-30N/A202N/A9/30/2018461-13N/A194N/A6/30/20184561N/A215N/A3/31/201845227N/A201N/A12/31/201741922N/A145N/A9/30/2017364-10N/A161N/A6/30/2017343-3N/A135N/A3/31/2017316-8N/A126N/A12/31/2016302-2N/A148N/A9/30/20163089N/A147N/A6/30/20163084N/A157N/A3/31/20163015N/A141N/A12/31/2015268-11N/A114N/A9/30/2015240-23N/A88N/A6/30/2015219-17N/A77N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: B3Hの予測収益成長率 (年間66.3% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: B3Hの収益 ( 66.3% ) はGerman市場 ( 16.7% ) よりも速いペースで成長すると予測されています。高成長収益: B3Hの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: B3Hの収益 ( 5.8% ) German市場 ( 6.4% ) よりも低い成長が予測されています。高い収益成長: B3Hの収益 ( 5.8% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: B3Hの 自己資本利益率 は、3年後には低くなると予測されています ( 2.8 %)。成長企業の発掘7D1Y7D1Y7D1YUtilities 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/06 13:18終値2026/05/06 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Boralex Inc. 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。18 アナリスト機関Mark WestbyATB CormarkNicholas BoychukATB Cormark Historical (Cormark Securities)Benjamin PhamBMO Capital Markets Equity Research15 その他のアナリストを表示
お知らせ • Apr 21Boralex Inc. to Report Q1, 2026 Results on May 14, 2026Boralex Inc. announced that they will report Q1, 2026 results at 7:00 AM, US Eastern Standard Time on May 14, 2026
お知らせ • Mar 25Brookfield Asset Management Ltd. (TSX:BAM), together with its institutional partners including Brookfield Renewable Partners L.P. (TSX:BEP.UN), and La Caisse de dépôt et placement du Québec entered into a definitive agreement to acquire 85% stake in Boralex Inc. (TSX:BLX) for CAD 3.3 billion.Brookfield Asset Management Ltd. (TSX:BAM), together with its institutional partners including Brookfield Renewable Partners L.P. (TSX:BEP.UN), and La Caisse de dépôt et placement du Québec entered into a definitive agreement to acquire 85% stake in Boralex Inc. (TSX:BLX) for CAD 3.3 billion on March 25, 2026. Under the terms of the agreement, La Caisse will increase its ownership to 30% from 15% stake with Brookfield acquiring the remaining 70% stake in Boralex for CAD 37.25 per share. Upon completion of the transaction, it is expected that Boralex's common shares will be delisted from the TSX, and, following closing, Boralex will cease to be a reporting issuer under applicable Canadian securities laws. Boralex will operate independently following close of the transaction. In case of termination of transaction, a termination fee of CAD 115 million would be payable by Boralex in certain circumstances, including in the context of a superior proposal supported by Boralex. Boralex would also be entitled to a reverse termination fee of CAD 172 million in certain circumstances. Holders of approximately 15.4% of the common shares of Boralex, including La Caisse de dépôt et placement du Québec, have agreed to vote their outstanding Common Shares in favor of the transaction. The Board of Directors of Boralex Inc., after receiving the unanimous recommendation of the Special Committee, as well as advice from its financial advisors and outside legal counsel, is unanimously recommending that shareholders vote in favor of the transaction. The transaction is subject to regulatory approvals, required approvals from Boralex’s shareholders, court approval as well as the satisfaction of other customary closing conditions. The deal has been unanimously approved by the Board of Directors of Boralex. The transaction is expected to close in Q4 2026. RBC Capital Markets Inc. and National Bank Capital Markets acted as financial advisors and fairness opinion providers for Boralex Inc. CIBC Capital Markets acted as financial advisor for La Caisse de dépôt et placement du Québec. Desjardins Capital Markets acted as financial advisor and fairness opinion provider for the special committee of Boralex Inc. BMO Capital Markets acted as financial advisor for Brookfield Asset Management Ltd. Davies Ward Phillips & Vineberg LLP acted as legal advisor for La Caisse de dépôt et placement du Québec. McCarthy Tétrault LLP acted as legal advisor for Brookfield Asset Management Ltd. Stikeman Elliott LLP acted as legal advisor for Boralex Inc.
お知らせ • Feb 28+ 1 more updateBoralex Inc. Announces Chief Financial Officer ChangesBoralex inc. announced the appointment of Philippe Bonin as Chief Financial Officer, effective March 16, 2026. In this role, Mr. Bonin will bring his extensive experience to support the delivery of the 2030 Strategic Plan. Mr. Bonin’s appointment follows a rigorous selection process. Stéphane Milot, who has served as Interim Chief Financial Officer, will return to his role as Vice President, Investor Relations and Financial Planning & Analysis. Together, Mr. Milot and Mr. Bonin will work closely to ensure a smooth transition and to continue advancing the Finance function, enabling the full mobilization of the financial levers necessary to support the Company’s success. Philippe Bonin is a seasoned financial executive with extensive experience across regulated industries as well as the telecommunications, technology, media, and private equity sectors. Known for his people-centered leadership, he has led strategic capital allocation decisions, managed mergers and acquisitions, overseen project evaluations, and developed long-term financial planning initiatives. His cross-sector track record gives him hands-on expertise in navigating diverse business models and operating in complex environments. Before joining Boralex, Mr. Bonin held senior leadership roles and, over the course of his career, worked with organizations including Cogeco, TC Transcontinental, La Caisse, Talent.com, and Ernst & Young. He is a Chartered Professional Accountant (CPA) and holds an MBA from McGill University.
お知らせ • Feb 24Boralex Inc., Annual General Meeting, May 14, 2026Boralex Inc., Annual General Meeting, May 14, 2026.
お知らせ • Feb 11Boralex Inc. Declares Quarterly Dividend, Payable on March 16, 2026Boralex Inc. has declared a quarterly dividend of $0.165 per common share. This dividend will be paid on March 16, 2026 to shareholders of record at the close of business on February 27, 2026.
お知らせ • Jan 27Boralex Inc. to Report Q4, 2025 Results on Feb 27, 2026Boralex Inc. announced that they will report Q4, 2025 results at 7:00 AM, US Eastern Standard Time on Feb 27, 2026
お知らせ • Dec 04Boralex Inc. Announces Appointment Executive ChangesBoralex Inc. announced the appointment of Jean-Christophe Dall’Ava as Executive Vice President and General Manager, Europe, succeeding Nicolas Wolff. Jean-Christophe Dall’Ava brings nearly 20 years of experience in the renewable energy sector, both in France and internationally. He joined Boralex in 2014, dedicating his first four years to driving the Company’s growth through several mergers and acquisitions, before taking the lead of the development teams. In 2019, he created the commercialization department and shaped Boralex’s Europe strategy, positioning the company as a pioneer in the French power purchase agreements (PPA) market. Jean-Christophe Dall’Ava is a board member of the Syndicat des Énergies Renouvelables (SER). He combines deep industry expertise, a strong understanding of electricity markets, and a recognized ability to unite teams around common goals. He fully embodies the values that define Boralex: respect, communication, teamwork, creativity, and entrepreneurship. The outgoing Executive Vice President and General Manager, Europe, is Nicolas Wolff. Effective date: December 4, 2025.
お知らせ • Nov 08Boralex Inc. announces Quarterly dividend, payable on December 15, 2025Boralex Inc. announced Quarterly dividend of CAD 0.1650 per share payable on December 15, 2025, ex-date on November 28, 2025 and record date on November 28, 2025.
お知らせ • Oct 29Boralex Inc. Appoints Ted Di Giorgio to Its Board of DirectorsBoralex inc. announced the appointment of Ted Di Giorgio to its Board of Directors. Over the course of nearly 35 years at EY, Mr. Di Giorgio advised public and private companies across a broad range of industries, including manufacturing (notably aerospace and rail transportation), financial services, technology, media, and entertainment, and distinguished himself as a senior leader within the firms global network. He also most recently served on the Board of Directors and the Audit Committee of Hroux-Devtek Inc. from March 2023 to February 2025. Mr. Di Giorgio is also a Fellow of lOrdre des comptables professionnels agrs du Qubec.
お知らせ • Oct 08Boralex Inc. to Report Q3, 2025 Results on Nov 07, 2025Boralex Inc. announced that they will report Q3, 2025 results at 7:00 AM, US Eastern Standard Time on Nov 07, 2025
お知らせ • Aug 08+ 4 more updatesBoralex Announces Board ChangesBoralex Inc. announced the appointment of Mr. André Courville as Chair of the Board of Directors. He will officially succeed Mr. Alain Rhéaume on September 30, following Mr. Rhéaume’s retirement announced last June after 15 years of service on the Board, including eight as Chair. Following the announcement of Mr. Rhéaume’s retirement, the Board’s Governance Committee diligently initiated and completed the selection process for his successor. Mr. Courville, who has served on Boralex’s Board of Directors since 2019, will now take the helm as Boralex embarks on a new strategic cycle following the unveiling of its 2030 Strategy last June.
お知らせ • Jul 08Boralex Inc. to Report Q2, 2025 Results on Aug 08, 2025Boralex Inc. announced that they will report Q2, 2025 results at 7:00 AM, US Eastern Standard Time on Aug 08, 2025
お知らせ • Jun 19Boralex Inc. Announces Step Down of Alain Rhéaume as Chair of its Board of DirectorsBoralex Inc. announced that the Chair of its Board of Directors, Mr. Alain Rhéaume, has informed the Board that he will step down from his position once a successor has been appointed by the directors, no later than December of this year. Mr. Rhéaume is announcing his retirement following the release of Boralex’s 2030 Strategy. The process of selecting a new Chair will be overseen by the Board’s Governance Committee and must be completed no later than December 2025, at the request of Mr. Rhéaume, as he will then reach the 15-year term limit for directors in accordance with the Company’s governance policies. Under Mr. Rhéaume’s leadership, Boralex has made substantial progress, including: Drawing on the succession plan implemented under the Board’s supervision, the executive team has been renewed, beginning with the appointment of Patrick Decostre as President and Chief Executive Officer. The team now includes new leaders across several areas of the Company; Over the past 10 months, the Board has welcomed three new directors, enhancing the Board’s broad range of skills and experience, while two others have stepped down; The objectives of the 2025 Strategic Plan have been rigorously pursued and largely achieved. The 2030 Strategy, unveiled on June 17, will ensure the continuation of Boralex’s ambitious growth trajectory.
お知らせ • Jun 12Boralex Inc. Announces Executive ChangesBoralex Inc. announced the appointment of Robin Deveaux as Executive Vice President and General Manager, North America. He succeeds Hugues Girardin, who will retire on December 31, 2025. Robin Deveaux, a seasoned finance professional, brings over 20 years of experience in the renewable energy and professional services sectors. He is being promoted to Executive Vice President and General Manager after having served as Vice President, Finance, and subsequently as Senior Vice President, Finance and Asset Management for North America at Boralex. Since joining Boralex, Robin has stood out for his inclusive leadership, strategic thinking, and ability to drive projects forward in a fast-evolving environment. Hugues Girardin will act as Transition Advisor to senior management until his retirement to ensure a smooth and effective handover of responsibilities. Following an outstanding 34-year career, Hugues Girardin leaves behind a strong and inspiring legacy, having played a major role in developing, building, and promoting the Company’s assets. He was consistently driven by a commitment to strengthen community engagement, create lasting value for investors and stakeholders, and unite teams around a common vision.
お知らせ • May 15Boralex Inc. Announces Quarterly Dividend, Payable on June 16, 2025Boralex Inc. Board of Directors has authorized and announced a quarterly dividend of $0.1650 per common share. This dividend will be paid on June 16, 2025, to shareholders of record at the close of business on May 30, 2025.
お知らせ • Apr 15Boralex Inc. to Report Q1, 2025 Results on May 14, 2025Boralex Inc. announced that they will report Q1, 2025 results at 7:00 AM, US Eastern Standard Time on May 14, 2025
お知らせ • Feb 25Boralex Inc., Annual General Meeting, May 14, 2025Boralex Inc., Annual General Meeting, May 14, 2025. Location: montreal, quebec Canada
お知らせ • Feb 12Boralex Inc. Declares Quarterly Dividend, Payable on March 17, 2025The Board of Directors of Boralex inc. declared a quarterly dividend of $0.165 per common share. This dividend will be paid on March 17, 2025 to shareholders of record at the close of business on February 28, 2025.
お知らせ • Jan 27Boralex Inc. to Report Q4, 2024 Results on Feb 28, 2025Boralex Inc. announced that they will report Q4, 2024 results at 7:00 AM, US Eastern Standard Time on Feb 28, 2025
Reported Earnings • Nov 16Third quarter 2024 earnings released: CA$0.13 loss per share (vs CA$0.029 loss in 3Q 2023)Third quarter 2024 results: CA$0.13 loss per share (further deteriorated from CA$0.029 loss in 3Q 2023). Revenue: CA$159.0m (down 11% from 3Q 2023). Net loss: CA$14.0m (loss widened 367% from 3Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • Nov 15Boralex Inc. Declares Quarterly Dividend, Payable on December 16, 2024Board of Directors of Boralex Inc. have authorized and announced a quarterly dividend of CAD 0.1650 per common share. This dividend will be paid on December 16, 2024, to shareholders of record at the close of business on November 29, 2024.
Board Change • Nov 05Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Director Dominique Miniere was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 11Boralex Inc. (TSX:BLX) acquired 43 megawatts (MW) in Scotland from PNE AG.Boralex Inc. (TSX:BLX) agreed to acquire 43 megawatts (MW) in Scotland from PNE AG on October 10, 2024 Boralex Inc. (TSX:BLX) completed acquisition of 43 megawatts (MW) in Scotland from PNE AG on October 10, 2024
Declared Dividend • Aug 19Second quarter dividend of CA$0.17 announcedShareholders will receive a dividend of CA$0.17. Ex-date: 30th August 2024 Payment date: 17th September 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 2.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 15Second quarter 2024 earnings released: EPS: CA$0.10 (vs CA$0.18 in 2Q 2023)Second quarter 2024 results: EPS: CA$0.10 (down from CA$0.18 in 2Q 2023). Revenue: CA$189.0m (down 13% from 2Q 2023). Net income: CA$11.0m (down 42% from 2Q 2023). Profit margin: 5.8% (down from 8.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.8% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Aug 14Boralex Inc. Declares Quarterly Dividend, Payable on September 17, 2024Boralex Inc.’s Board of Directors has authorized and announced a quarterly dividend of $0.1650 per common share. This dividend will be paid on September 17, 2024, to shareholders of record at the close of business on August 30, 2024. Boralex designates this dividend as an “eligible dividend” pursuant to paragraph 89 (14) of the Income Tax Act (Canada) and all provincial legislation applicable to eligible dividends.
お知らせ • Aug 08Boralex Inc. Announces the Appointment of Ricky Fontaine to Its Board of DirectorsBoralex inc. announced the appointment of Mr. Ricky Fontaine to its Board of Directors. Ricky Fontaine has held numerous executive positions with national, regional and local organizations, including General Manager of the local government of Uashat mak Mani-uteman and General Manager of the Corporation de développement économique montagnaise. During these mandates, he worked on the strategic planning associated with government activities and the commercial operations of the community of Uashat (ITUM), and was a key player in the implementation of the Impact Benefit Agreements (IBAs) signed by Uashat in the mining and energy sectors. Mr. Fontaine is also an active member of several boards of directors, including the First Peoples Innovation Centre (where he is also a member of the Finance committee) and Canada Post (where he is also a member of the Audit and ESG committees). He has participated in committees monitoring the implementation of IBAs between ITUM and ArcelorMittal, Iron Ore Quebec, Tata Steel Minerals Canada and Rio Tinto – IOC. Mr. Fontaine also chaired the Board of Directors of the Laurentian Pilotage Authority, a Crown corporation, and was an ex-officio member of all its committees, in addition to sitting on the Board of Directors of the Régie du Bâtiment du Québec, including the Audit Committee, which he chaired on an interim basis. Mr. Fontaine's experience will complement the varied skills of Boralex's current directors. With over 30 years of involvement in energy issues, he will bring a valuable perspective to the Company's Board of Directors. Mr. Fontaine currently runs his own consulting firm specializing in the management and analysis of government policies relating to Indigenous affairs and economic development.
お知らせ • Jul 16Boralex Inc. to Report Q2, 2024 Results on Aug 14, 2024Boralex Inc. announced that they will report Q2, 2024 results at 7:00 AM, US Eastern Standard Time on Aug 14, 2024
Declared Dividend • May 19First quarter dividend of CA$0.17 announcedShareholders will receive a dividend of CA$0.17. Ex-date: 31st May 2024 Payment date: 17th June 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 2.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 16First quarter 2024 earnings released: EPS: CA$0.53 (vs CA$0.42 in 1Q 2023)First quarter 2024 results: EPS: CA$0.53 (up from CA$0.42 in 1Q 2023). Revenue: CA$268.0m (down 12% from 1Q 2023). Net income: CA$55.0m (up 28% from 1Q 2023). Profit margin: 21% (up from 14% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • May 16Boralex Inc. Announces Quarterly Dividend, Payable on June 17, 2024The board of directors of Boralex Inc. has authorized and announced a quarterly dividend of $0.1650 per common share. This dividend will be paid on June 17, 2024, to shareholders of record at the close of business on May 31, 2024.
お知らせ • Apr 09Boralex Inc. to Report Q1, 2024 Results on May 15, 2024Boralex Inc. announced that they will report Q1, 2024 results at 7:00 AM, Eastern Standard Time on May 15, 2024
Reported Earnings • Mar 03Full year 2023 earnings released: EPS: CA$0.76 (vs CA$0.29 in FY 2022)Full year 2023 results: EPS: CA$0.76 (up from CA$0.29 in FY 2022). Revenue: CA$1.02b (up 22% from FY 2022). Net income: CA$78.0m (up 160% from FY 2022). Profit margin: 7.6% (up from 3.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Feb 21Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 28 February 2024. Payment date: 15 March 2024. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (3.6%).
Declared Dividend • Feb 19Third quarter dividend of CA$0.17 announcedShareholders will receive a dividend of CA$0.17. Ex-date: 28th February 2024 Payment date: 15th March 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is well covered by cash flows (22% cash payout ratio). The dividend has increased by an average of 2.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 3.2% to bring the payout ratio under control. EPS is expected to grow by 56% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Feb 17Boralex Inc., Annual General Meeting, May 15, 2024Boralex Inc., Annual General Meeting, May 15, 2024.
お知らせ • Feb 13Boralex Inc. Declares Quarterly Dividend, Payable on March 15, 2024Boralex Inc. has declared a quarterly dividend of $0.165 per common share. This dividend will be paid on March 15, 2024 to shareholders of record at the close of business on February 29, 2024.
お知らせ • Jan 26Boralex Inc. to Report Q4, 2023 Results on Mar 01, 2024Boralex Inc. announced that they will report Q4, 2023 results at 7:00 AM, US Eastern Standard Time on Mar 01, 2024
お知らせ • Jan 15Boralex Inc. Announces Appointment of Dominique Minière to Its Board of DirectorsBoralex inc. announced the appointment of Dominique Minière to its Board of Directors. Mr. Minière is a director of a variety of public and private companies, including Cameco, Holtec International Inc, ORTEC Group and Engineering Planning and Management Inc. He has also served on the Board of Directors of the World Association of Nuclear Operators (WANO) and as Chairman of the French Nuclear Energy Industry Group (GIFEN), where he led the development of a multi-year development plan. Dominique Minière has extensive experience in the energy sector, particularly nuclear power, and carries an open, systemic vision of the energy landscape. A world-renowned expert, Mr. Minière has devoted over 40 years of his career to Electricité de France (EDF), developing a keen understanding of the French energy market and the European electricity system. In the course of his career, he managed complex projects involving structural transformation, optimization, digitalization and improvement of health and safety practices, as well as contributing to the drafting of French energy legislation. After rising through the ranks of the nuclear division, he joined EDF's Executive Committee in 2015 as Chief Operating Officer, overseeing the group's thermal and nuclear activities for 4 years. In Canada, Mr. Minière held senior positions at Ontario Power Generation (OPG). Initially responsible for developing and maintaining operations for the nuclear branch, he later became Chief Strategy Officer for the organization, overseeing OPG's strategy and development, notably for renewable energies, hydroelectricity, hydrogen and electrification.
Upcoming Dividend • Nov 23Upcoming dividend of CA$0.17 per share at 2.2% yieldEligible shareholders must have bought the stock before 29 November 2023. Payment date: 15 December 2023. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.6%).
お知らせ • Nov 11Boralex Inc. Announces Quarterly Dividend, Payable on December 15, 2023The Board of Directors of Boralex Inc. has authorized and announced a quarterly dividend of $0.1650 per common share. This dividend will be paid on December 15, 2023, to shareholders of record at the close of business on November 30, 2023.
Reported Earnings • Nov 10Third quarter 2023 earnings released: CA$0.03 loss per share (vs CA$0.43 loss in 3Q 2022)Third quarter 2023 results: CA$0.03 loss per share (improved from CA$0.43 loss in 3Q 2022). Revenue: CA$178.0m (up 68% from 3Q 2022). Net loss: CA$3.00m (loss narrowed 93% from 3Q 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • Oct 11Boralex Inc. to Report Q3, 2023 Results on Nov 09, 2023Boralex Inc. announced that they will report Q3, 2023 results at 7:00 AM, US Eastern Standard Time on Nov 09, 2023
Buying Opportunity • Oct 03Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €25.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings is also forecast to grow by 23% per annum over the same time period.
Upcoming Dividend • Aug 23Upcoming dividend of CA$0.17 per share at 2.0% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 18 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.6%).
Reported Earnings • Aug 15Second quarter 2023 earnings released: EPS: CA$0.19 (vs CA$0.097 in 2Q 2022)Second quarter 2023 results: EPS: CA$0.19 (up from CA$0.097 in 2Q 2022). Revenue: CA$216.0m (up 26% from 2Q 2022). Net income: CA$19.0m (up 90% from 2Q 2022). Profit margin: 8.8% (up from 5.8% in 2Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 14Boralex Inc. to Report Q2, 2023 Results on Aug 14, 2023Boralex Inc. announced that they will report Q2, 2023 results at 7:00 AM, US Eastern Standard Time on Aug 14, 2023
お知らせ • Jul 04Boralex inc. Announces the Appointment of Mihaela Stefanov as Senior Vice President, Enterprise Risk Management and Corporate Social ResponsibilityBoralex inc. announced the appointment of Mihaela Stefanov as Senior Vice President, Enterprise Risk Management and Corporate Social Responsibility (CSR). With this new role, Ms. Stefanov joins the Boralex Executive Committee effective immediately. Mihaela joined Boralex in April 2021 as Director, Corporate Social Responsibility, before being promoted to Vice President, Corporate Social Responsibility. She orchestrated the development and deployment of the CSR strategy throughout the company and coordinated the various internal and external disclosures in this area. She has 12 years experience in strategy and consulting in sustainable development and social responsibility. Before joining Boralex, she worked in the climate change and sustainable development department at a major consulting firm for 10 years before joining the Boralex team.
Upcoming Dividend • May 23Upcoming dividend of CA$0.17 per share at 1.7% yieldEligible shareholders must have bought the stock before 30 May 2023. Payment date: 15 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%).
Reported Earnings • May 11First quarter 2023 earnings released: EPS: CA$0.41 (vs CA$0.49 in 1Q 2022)First quarter 2023 results: EPS: CA$0.41 (down from CA$0.49 in 1Q 2022). Revenue: CA$304.0m (up 32% from 1Q 2022). Net income: CA$43.0m (down 14% from 1Q 2022). Profit margin: 14% (down from 22% in 1Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
お知らせ • May 11Boralex Inc. Announces Quarterly Dividend, Payable on June 15, 2023Boralex Inc. announced a quarterly dividend of $0.1650 per common share. This dividend will be paid on June 15, 2023, to shareholders of record at the close of business on May 31, 2023.
Recent Insider Transactions • Mar 05President recently bought €69k worth of stockOn the 27th of February, Patrick Decostre bought around 3k shares on-market at roughly €25.02 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Patrick's only on-market trade for the last 12 months.
Reported Earnings • Feb 26Full year 2022 earnings released: EPS: CA$0.30 (vs CA$0.17 in FY 2021)Full year 2022 results: EPS: CA$0.30 (up from CA$0.17 in FY 2021). Revenue: CA$836.0m (up 21% from FY 2021). Net income: CA$30.0m (up 77% from FY 2021). Profit margin: 3.6% (up from 2.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 8.4% decline forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Feb 20Upcoming dividend of CA$0.17 per share at 1.8% yieldEligible shareholders must have bought the stock before 27 February 2023. Payment date: 15 March 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.7%).
お知らせ • Feb 17Boralex Inc., Annual General Meeting, May 10, 2023Boralex Inc., Annual General Meeting, May 10, 2023.
お知らせ • Feb 15Boralex Inc. Declares Quarterly Dividend, Payable on March 15, 2023The Board of Directors of Boralex inc. has declared a quarterly dividend of $0.165 per common share. This dividend will be paid on March 15, 2023 to shareholders of record at the close of business on February 28, 2023. Boralex has designated this dividend as an eligible dividend within the meaning of Section 89(14) of the Income Tax Act (Canada) and all provisions of provincial laws applicable to eligible dividends.
お知らせ • Jan 26Boralex Inc. to Report Q4, 2022 Results on Feb 24, 2023Boralex Inc. announced that they will report Q4, 2022 results at 7:00 AM, US Eastern Standard Time on Feb 24, 2023
Upcoming Dividend • Nov 22Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 29 November 2022. Payment date: 15 December 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.6%).
Reported Earnings • Nov 10Third quarter 2022 earnings released: CA$0.44 loss per share (vs CA$0.20 loss in 3Q 2021)Third quarter 2022 results: CA$0.44 loss per share (further deteriorated from CA$0.20 loss in 3Q 2021). Revenue: CA$106.0m (down 19% from 3Q 2021). Net loss: CA$44.0m (loss widened 120% from 3Q 2021). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Oct 22Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be €35.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 51% in the next 2 years.
Recent Insider Transactions • Sep 16Independent Director recently bought €55k worth of stockOn the 7th of September, Dany St-Pierre bought around 2k shares on-market at roughly €35.99 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €11m more in shares than they bought in the last 12 months.
Upcoming Dividend • Aug 23Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 16 September 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.7%).
Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: CA$0.10 (vs CA$0.13 loss in 2Q 2021)Second quarter 2022 results: EPS: CA$0.10 (up from CA$0.13 loss in 2Q 2021). Revenue: CA$172.0m (up 14% from 2Q 2021). Net income: CA$10.0m (up CA$23.0m from 2Q 2021). Profit margin: 5.8% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 9.4% compared to a 16% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 23Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 30 May 2022. Payment date: 15 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.3%). In line with average of industry peers (1.6%).
Reported Earnings • May 17First quarter 2022 earnings released: EPS: CA$0.49 (vs CA$0.33 in 1Q 2021)First quarter 2022 results: EPS: CA$0.49 (up from CA$0.33 in 1Q 2021). Revenue: CA$230.0m (up 9.0% from 1Q 2021). Net income: CA$50.0m (up 47% from 1Q 2021). Profit margin: 22% (up from 16% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.5% compared to a 30% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
お知らせ • May 12+ 1 more updateBoralex Inc. Announces Board ChangesBoralex Inc. announced the retirement of Mr. Edward H. Kernaghan, a director of the Company for the past 15 years, and his significant contribution to Boralex were also highlighted. Ines Kolmsee elected as director.
お知らせ • Apr 13Boralex Inc. to Report Q1, 2022 Results on May 11, 2022Boralex Inc. announced that they will report Q1, 2022 results Pre-Market on May 11, 2022
Reported Earnings • Feb 25Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: CA$0.16 (down from CA$0.56 in FY 2020). Revenue: CA$691.0m (up 9.2% from FY 2020). Net income: CA$17.0m (down 69% from FY 2020). Profit margin: 2.5% (down from 8.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 8.0% compared to a 27% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 25Energy Infrastructure Partners signed an agreement to acquire 30% stake in Assets and Development Pipeline of Boralex Inc. (TSX:BLX) for €532 million.Energy Infrastructure Partners signed an agreement to acquire 30% stake in Assets and Development Pipeline of Boralex Inc. (TSX:BLX) for €532 million on February 24, 2022. The transaction will be completed after the required consultation of employee representatives and after obtaining the applicable regulatory approvals. It is expected to close in the first semester of 2022. Cash proceeds to Boralex at transaction close will amount to €532 million and a portion thereof will be invested into Boralex operations in France. Through its 70% stake, Boralex remains the majority shareholder and manager of its assets in France. EPILOGUE Avocats, Mott MacDonald, and Everoze acted as technical advisors to Boralex. Lazard Canada Inc., Accuracy SAS and KPMG Inc. acted as financial advisors while Kaufhold Ossola & Associés acted as legal advisor to Boralex Inc.
Upcoming Dividend • Feb 18Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 15 March 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (2.5%).
お知らせ • Feb 18Boralex Inc., Annual General Meeting, May 11, 2022Boralex Inc., Annual General Meeting, May 11, 2022.
お知らせ • Feb 12Boralex Inc. Announces Quarterly Dividend, Payable on March 15, 2022Boralex Inc. has declared a quarterly dividend of $0.165 per common share. This dividend will be paid on March 15, 2022 to shareholders of record at the close of business on February 28, 2022. Boralex has designated this dividend as an eligible dividend within the meaning of Section 89(14) of the Income Tax Act (Canada) and all provisions of provincial laws applicable to eligible dividends.
Upcoming Dividend • Nov 22Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 29 November 2021. Payment date: 15 December 2021. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.3%).
Reported Earnings • Nov 13Third quarter 2021 earnings released: CA$0.20 loss per share (vs CA$0.061 loss in 3Q 2020)The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CA$130.0m (up 20% from 3Q 2020). Net loss: CA$20.0m (loss widened 233% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 23Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 30 August 2021. Payment date: 16 September 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.6%).
Reported Earnings • Aug 10Second quarter 2021 earnings released: CA$0.13 loss per share (vs CA$0.062 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CA$151.0m (up 22% from 2Q 2020). Net loss: CA$13.0m (loss widened 117% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Jun 30Independent Director recently bought €115k worth of stockOn the 25th of June, Zin Smati bought around 5k shares on-market at roughly €25.49 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €103k more in shares than they have sold in the last 12 months.
お知らせ • Jun 18Boralex unveils updated strategic plan and corporate objectives for 2025Boralex Inc. unveiled its updated strategic plan and introduced new corporate objectives for 2025 at its 2021 Investor Day. The Company continues to build on the four key strategic directions of the plan launched in 2019: growth, diversification, customers, and optimization. The strategic plan also integrates Boralex's corporate social responsibility (CSR) strategy. Focusing on these key areas will allow for accelerated development of the wind and solar portfolios in the high-potential markets already targeted by the Company and in new markets in Europe and the United States, while also creating the opportunity to introduce energy storage in regions where renewable energy networks are the most developed. The 2025 Strategic Plan presented describes the rapid and significant changes in renewable energy development policies and greenhouse gas emission reduction targets in some countries and provinces, including Quebec, several U.S. states, and some European countries. Boralex's management has also reported strong demand for renewable energy from environmentally conscious companies. These factors have created a business environment that offers numerous opportunities for growth, both organic and through acquisitions. In this highly favourable context and supported by a strong balance sheet, Boralex has announced its goal to double its installed capacity under management and achieve a combined EBITDA(A) of $800 "850 million and discretionary cash flows of $240 "260 million by 2025, representing compound annual growth rates ranging from 9 "15% for all three performance measures.
Upcoming Dividend • May 21Upcoming dividend of CA$0.17 per shareEligible shareholders must have bought the stock before 28 May 2021. Payment date: 15 June 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.0%).
Executive Departure • May 12Independent Director has left the companyOn the 6th of May, Yves Rheault's tenure as Independent Director ended after 23.6 years in the role. As of December 2020, Yves personally held 3.11k shares (€92k worth at the time). Yves is the only executive to leave the company over the last 12 months.
Reported Earnings • May 06First quarter 2021 earnings released: EPS CA$0.33 (vs CA$0.42 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CA$211.0m (up 3.9% from 1Q 2020). Net income: CA$34.0m (down 17% from 1Q 2020). Profit margin: 16% (down from 20% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
お知らせ • May 06Boralex Inc. Announces Quarterly Dividend, Payable on June 15, 2021Boralex Inc. announced that the Board of Directors has authorized and announced a quarterly dividend of $0.1650 per common share. This dividend will be paid on June 15, 2021, to shareholders of record at the close of business on May 31, 2021.
お知らせ • May 01NorPaper Avot-Vallée S.A.S. acquired 12 MW Blendecques Cogeneration Plant from Boralex Inc. (TSX:BLX).NorPaper Avot-Vallée S.A.S. acquired 12 MW Blendecques Cogeneration Plant from Boralex Inc. (TSX:BLX) on April 30, 2021. Norpaper will maintain the Blendecques Cogeneration Plant's in Norpaper's current operations. All employees involved accepted this transfer and will be joining Norpaper's ranks as of May 1, 2021. NorPaper Avot-Vallée S.A.S. completed the acquisition of 12 MW Blendecques Cogeneration Plant from Boralex Inc. (TSX:BLX) on April 30, 2021.
Recent Insider Transactions • Mar 06Independent Director recently sold €57k worth of stockOn the 4th of March, Yves Rheault sold around 2k shares on-market at roughly €28.60 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €61k more than they bought in the last 12 months.
お知らせ • Feb 27Limekiln Optimisation to Benefit Local Outdoor Access Users by Infinergy and BoralexInfinergy and Boralex have taken the decision to seek to optimise their 21-turbine wind farm at Limekiln, south of Reay in Caithness in order to address a number of key issues. Scoping for a variation to the current Section 36 consent will be submitted to the planning authorities in the coming weeks which will seek to bring a number of improvements to the project, including a revised track design, allowing improved access during the construction works to the core path network and an increase in tip heights to align with the proposed Limekiln Wind Farm Extension. Taking the opportunity to apply for a S36C variation will also allow the project to address a number of other issues facing renewable developers, particularly in the north of Scotland. "The proposed change in the way grid charges are applied to existing and new transmission connected projects in the UK (the TNUoS charging review) will mean that projects furthest from where most of the electricity demand is in the south of the country will see a sharp increase in grid charges due. Projects in the far North of Scotland especially will see a severe negative impact. While company are looking to improve the track design, company are also looking to increase the energy yield from the windfarm by increasing tip heights in line with the Limekiln Extension project and applying state of the art turbine technology. It will allow company to generate more renewable energy with the same number of turbines, the same turbine positions and with the same or even a reduced environmental impact" continued Mr. Wilmar. "As company will be waiting for an outcome from the Limekiln Wind Farm Extension public inquiry, company have the opportunity to make this application which will then, if both are successful, be built as one development, reducing overall disruption during the construction stage. The increase in energy production, building the consented project and the extension project in one go and further optimizing the design the of site will also enhance the economics of the projects, offsetting some of the impacts of the proposed increase in network charges, but also the expected long-term reduction in power prices because of the Covid-19 impacts." Enabling works and onsite felling will continue this year to ensure the site is fully prepared, with the enabling works due to be completed by June this year. Felling work will follow the completion of the enabling works, which will have provided the new haul roads required, and will last until the spring of 2022. Delaying the main construction contracts will allow the forestry work to proceed unhindered and it is expected the operational date for the wind farm will now be late 2023 at the earliest. Together with the Limekiln Extension project, the wind farm has a grid connection contract in place for 106 MW and discussions are progressing with National Grid for a revised connection date. Located 2.8km South/Southwest of Dounreay Power Station, the proposal consists of 21 turbines and has, together with the Limekiln Extension project, a grid connection contract in place for 106 MW. The wind farm will provide sufficient electricity to meet the needs of at least 39,500 homes based on the average generation mix of UK power sources. Limekiln Wind Farm comes with a community benefit fund of £5000 per MW of installed capacity, equating to at least £440,000 per year or nearly £8 million over the lifetime of the development (based on 4.2 MW turbines). In addition, up to 10% of the project will be made available to the local community as a shared ownership opportunity, giving the potential to increase the economic value of the wind farm across Caithness. Infinergy and Boralex announced the execution of a 50-50 joint venture agreement in October 2017, aimed at developing a pipeline of onshore wind projects, including the Limekiln Wind Farm project, essentially located in Scotland for a total estimated capacity of 325 MW.
Reported Earnings • Feb 26Full year 2020 earnings released: EPS CA$0.55 (vs CA$0.43 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$633.0m (up 10% from FY 2019). Net income: CA$55.0m (up CA$94.0m from FY 2019). Profit margin: 8.7% (up from net loss in FY 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Feb 26Revenue misses expectationsRevenue missed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 31%, compared to a 28% growth forecast for the Renewable Energy industry in Germany.
お知らせ • Feb 26Boralex Inc. Announces Executive ChangesBoralex Inc. announced that Patrick Decostre as President and retirement of Patrick Lemaire, effective December 1, 2020.
お知らせ • Feb 12Boralex Inc., Annual General Meeting, May 05, 2021Boralex Inc., Annual General Meeting, May 05, 2021.
お知らせ • Jan 26Boralex Inc. (TSX:BLX) acquired Sky High Solar Farm in New York State from Delaware River Solar, LLC.Boralex Inc. (TSX:BLX) acquired Sky High Solar Farm in New York State from Delaware River Solar, LLC on January 25, 2021. Boralex Inc. (TSX:BLX) completed the acquisition of Sky High Solar Farm in New York State from Delaware River Solar, LLC on January 25, 2021.
お知らせ • Jan 16Boralex Inc. (TSX:BLX) acquired a 30% stake in Moose Lake Wind Farm from Aeolis Wind Power Corporation for CAD 3.5 million.Boralex Inc. (TSX:BLX) acquired a 30% stake in Moose Lake Wind Farm from Aeolis Wind Power Corporation for CAD 3.5 million on January 15, 2021. Boralex acquired this equity interest for CAD 3.5 million, to which additional matching could be added, subject to certain future conditions that need to be met. Boralex Inc. (TSX:BLX) completed the acquisition of a 30% stake in Moose Lake Wind Farm from Aeolis Wind Power Corporation on January 15, 2021.
Is New 90 Day High Low • Dec 28New 90-day high: €29.00The company is up 23% from its price of €23.60 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.22 per share.
お知らせ • Dec 03Boralex Inc. (TSX:BLX) acquired remaining 49% stake in 3 Quebec Wind Farms from Caisse de dépôt et placement du Québec.Boralex Inc. (TSX:BLX) entered into a definitive agreement to acquire remaining 49% stake in 3 Quebec Wind Farms from Caisse de dépôt et placement du Québec for approximately CAD 130 million on November 20, 2020. Boralex will acquire 49% stake in 136 MW Des Moulins I wind farm, 21 MW Des Moulins II wind farm and 139 MW Le Plateau I wind farm. As part of the acquisition, Boralex will pay a cash consideration of CAD 121.5 million to Caisse de dépôt et placement du Québec at closing and an additional amount of up to CAD 4 million after closing, subject to the settlement of certain conditions that need to be met. Caisse de dépôt et placement du Québec's 49% equity stake represents 145 MW net installed capacity of 3 Quebec Wind Farms. The transaction is subject to standard closing conditions. The transaction is expected to close at the end of November 2020. The transaction will have a positive contribution to Boralex's discretionary cash flow per share in the first year after the transaction closes. Boralex Inc. (TSX:BLX) completed the acquisition of the remaining 49% stake in 3 Quebec Wind Farms from Caisse de dépôt et placement du Québec on December 2, 2020.
お知らせ • Nov 21Boralex Inc. (TSX:BLX) entered into a definitive agreement to acquire remaining 49% stake in 3 Quebec Wind Farms from Caisse de dépôt et placement du Québec for approximately CAD 130 million.Boralex Inc. (TSX:BLX) entered into a definitive agreement to acquire remaining 49% stake in 3 Quebec Wind Farms from Caisse de dépôt et placement du Québec for approximately CAD 130 million on November 20, 2020. Boralex will acquire 49% stake in 136 MW Des Moulins I wind farm, 21 MW Des Moulins II wind farm and 139 MW Le Plateau I wind farm. As part of the acquisition, Boralex will pay a cash consideration of CAD 121.5 million to Caisse de dépôt et placement du Québec at closing and an additional amount of up to CAD 4 million after closing, subject to the settlement of certain conditions that need to be met. Caisse de dépôt et placement du Québec's 49% equity stake represents 145 MW net installed capacity of 3 Quebec Wind Farms. The transaction is subject to standard closing conditions. The transaction is expected to close at the end of November 2020. The transaction will have a positive contribution to Boralex's discretionary cash flow per share in the first year after the transaction closes.