Boralex (TSX:BLX) - Stock Price, News & Analysis

BLX Stock Overview

Engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. More details

BLX fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	5/6
Financial Health	1/6
Dividends	4/6

Rewards

Trading at 72.6% below our estimate of its fair value

Earnings are forecast to grow 18.67% per year

Earnings grew by 61.8% over the past year

Analysts in good agreement that stock price will rise by 40.8%

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 2.21% is not well covered by free cash flows

Boralex Inc. Competitors

TransAlta Renewables

TSX:RNW

CA$3.3b

Polaris Renewable Energy

TSX:PIF

CA$253.8m

Westbridge Renewable Energy

TSXV:WEB

CA$82.1m

TransAlta

TSX:TA

CA$4.5b

Price History & Performance

Summary of all time highs, changes and price drops for Boralex
Historical stock prices
Current Share Price	CA$29.84
52 Week High	CA$36.68
52 Week Low	CA$26.25
Beta	0.46
11 Month Change	-16.69%
3 Month Change	-8.30%
1 Year Change	1.63%
33 Year Change	-17.59%
5 Year Change	20.08%
Change since IPO	695.73%

We Ran A Stock Scan For Earnings Growth And Boralex (TSE:BLX) Passed With Ease

Oct 22

Recent updates

Industry Analysts Just Upgraded Their Boralex Inc. (TSE:BLX) Revenue Forecasts By 10%

May 11

Boralex (TSE:BLX) Has A Somewhat Strained Balance Sheet

May 02

Boralex's (TSE:BLX) Returns On Capital Are Heading Higher

Apr 17

Calculating The Fair Value Of Boralex Inc. (TSE:BLX)

Mar 20

Here's Why We Think Boralex (TSE:BLX) Might Deserve Your Attention Today

Feb 27

Does Boralex (TSE:BLX) Have A Healthy Balance Sheet?

Jan 27

Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital

Jan 14

Here's Why We Think Boralex (TSE:BLX) Might Deserve Your Attention Today

Nov 28

A Look At The Fair Value Of Boralex Inc. (TSE:BLX)

Nov 08

Returns Are Gaining Momentum At Boralex (TSE:BLX)

Oct 11

Boralex (TSE:BLX) Seems To Use Debt Quite Sensibly

Sep 29

With EPS Growth And More, Boralex (TSE:BLX) Makes An Interesting Case

Aug 22

Calculating The Intrinsic Value Of Boralex Inc. (TSE:BLX)

Aug 08

Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital

Jul 07

Boralex (TSE:BLX) Takes On Some Risk With Its Use Of Debt

Jun 15

Returns On Capital At Boralex (TSE:BLX) Have Stalled

Mar 06

Shareholder Returns

	BLX	CA Renewable Energy	CA Market
7D	-6.2%	1.2%	1.3%
1Y	1.6%	16.2%	23.1%

Return vs Industry: BLX underperformed the Canadian Renewable Energy industry which returned 16.2% over the past year.

Return vs Market: BLX underperformed the Canadian Market which returned 23.1% over the past year.

Price Volatility

Is BLX's price volatile compared to industry and market?
BLX volatility
BLX Average Weekly Movement	3.8%
Renewable Energy Industry Average Movement	4.2%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.8%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: BLX has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: BLX's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1982	809	Patrick Decostre	www.boralex.com

Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe.

Boralex Inc. Fundamentals Summary

How do Boralex's earnings and revenue compare to its market cap?
BLX fundamental statistics
Market cap	CA$3.12b
Earnings (TTM)	CA$89.00m
Revenue (TTM)	CA$940.00m

34.5x

P/E Ratio

3.3x

P/S Ratio

Is BLX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BLX income statement (TTM)
Revenue	CA$940.00m
Cost of Revenue	CA$260.00m
Gross Profit	CA$680.00m
Other Expenses	CA$591.00m
Earnings	CA$89.00m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.87
Gross Margin	72.34%
Net Profit Margin	9.47%
Debt/Equity Ratio	169.6%

How did BLX perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

76%

Payout Ratio

Does BLX pay a reliable dividends?

See BLX dividend history and benchmarks

When do you need to buy BLX by to receive an upcoming dividend?
Boralex dividend dates
Ex Dividend Date	Nov 29 2024
Dividend Pay Date	Dec 16 2024
Days until Ex dividend	6 days
Days until Dividend pay date	23 days

Does BLX pay a reliable dividends?

See BLX dividend history and benchmarks

BLX Stock Overview

Rewards

Risk Analysis

Boralex Inc. Competitors

TSX:RNW

CA$3.3b

TSX:PIF

CA$253.8m

TSXV:WEB

CA$82.1m

TSX:TA

CA$4.5b

Price History & Performance

Recent News & Updates

Third quarter dividend of CA$0.17 announced

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Boralex Inc. Declares Quarterly Dividend, Payable on December 16, 2024

Insufficient new directors

We Ran A Stock Scan For Earnings Growth And Boralex (TSE:BLX) Passed With Ease

Boralex Inc. (TSX:BLX) acquired 43 megawatts (MW) in Scotland from PNE AG.

Recent updates

Third quarter dividend of CA$0.17 announced

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Boralex Inc. Declares Quarterly Dividend, Payable on December 16, 2024

Insufficient new directors

We Ran A Stock Scan For Earnings Growth And Boralex (TSE:BLX) Passed With Ease

Boralex Inc. (TSX:BLX) acquired 43 megawatts (MW) in Scotland from PNE AG.

Boralex Inc.'s (TSE:BLX) P/E Still Appears To Be Reasonable

Boralex (TSE:BLX) Is Doing The Right Things To Multiply Its Share Price

We Think Boralex (TSE:BLX) Is Taking Some Risk With Its Debt

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Boralex Inc. Declares Quarterly Dividend, Payable on September 17, 2024

Boralex Inc. Announces the Appointment of Ricky Fontaine to Its Board of Directors

Boralex Inc. to Report Q2, 2024 Results on Aug 14, 2024

Returns Are Gaining Momentum At Boralex (TSE:BLX)

First quarter dividend of CA$0.17 announced

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Boralex Inc. Announces Quarterly Dividend, Payable on June 17, 2024

Boralex Inc. to Report Q1, 2024 Results on May 15, 2024

Boralex Inc.'s (TSE:BLX) Popularity With Investors Is Clear

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of CA$0.17 per share

Boralex Inc., Annual General Meeting, May 15, 2024

Third quarter dividend of CA$0.17 announced

Boralex Inc. Declares Quarterly Dividend, Payable on March 15, 2024

Boralex (TSE:BLX) Takes On Some Risk With Its Use Of Debt

Boralex Inc. to Report Q4, 2023 Results on Mar 01, 2024

Boralex Inc. Announces Appointment of Dominique Minière to Its Board of Directors

Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital

Upcoming dividend of CA$0.17 per share at 2.1% yield

Boralex Inc. Announces Quarterly Dividend, Payable on December 15, 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Here's Why Boralex (TSE:BLX) Is Weighed Down By Its Debt Load

Price target decreased by 7.4% to CA$40.36

Boralex Inc. to Report Q3, 2023 Results on Nov 09, 2023

Upcoming dividend of CA$0.17 per share at 2.0% yield

Returns At Boralex (TSE:BLX) Appear To Be Weighed Down

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

New minor risk - Dividend sustainability

Is Boralex (TSE:BLX) A Risky Investment?

Boralex Inc. to Report Q2, 2023 Results on Aug 14, 2023

Boralex inc. Announces the Appointment of Mihaela Stefanov as Senior Vice President, Enterprise Risk Management and Corporate Social Responsibility

Upcoming dividend of CA$0.17 per share at 1.7% yield

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Industry Analysts Just Upgraded Their Boralex Inc. (TSE:BLX) Revenue Forecasts By 10%

Boralex Inc. Announces Quarterly Dividend, Payable on June 15, 2023

Consensus revenue estimates increase by 13%

Boralex (TSE:BLX) Has A Somewhat Strained Balance Sheet

Boralex's (TSE:BLX) Returns On Capital Are Heading Higher

Calculating The Fair Value Of Boralex Inc. (TSE:BLX)

President recently bought CA$99k worth of stock

Here's Why We Think Boralex (TSE:BLX) Might Deserve Your Attention Today

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of CA$0.17 per share at 1.8% yield

Boralex Inc., Annual General Meeting, May 10, 2023

Boralex Inc. Declares Quarterly Dividend, Payable on March 15, 2023

Does Boralex (TSE:BLX) Have A Healthy Balance Sheet?

Boralex Inc. to Report Q4, 2022 Results on Feb 24, 2023

Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital

Boralex Inc. acquired 50% interest in five operating wind farms of EDF Renewables from EDF Renewables Inc. for CAD339.7 million.