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.

About the company

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

Rewards

Trading at 70.7% below our estimate of its fair value

Earnings are forecast to grow 14.11% per year

Earnings grew by 669.2% over the past year

Pays a reliable dividend of 2.05%

Analysts in good agreement that stock price will rise by 20.3%

Risk Analysis

Interest payments are not well covered by earnings

Boralex Inc. Competitors

TransAlta Renewables

TSX:RNW

CA$3.3b

Brookfield Renewable

TSX:BEPC

CA$16.2b

Polaris Renewable Energy

TSX:PIF

CA$263.4m

TransAlta

TSX:TA

CA$3.0b

Price History & Performance

Summary of all time highs, changes and price drops for Boralex
Historical stock prices
Current Share Price	CA$32.27
52 Week High	CA$39.50
52 Week Low	CA$25.40
Beta	0.41
1 Month Change	19.56%
3 Month Change	10.21%
1 Year Change	-13.51%
3 Year Change	-12.67%
5 Year Change	74.91%
Change since IPO	760.53%

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

Apr 09

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

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

Feb 03

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

Dec 19

Here's Why We Think Boralex (TSE:BLX) Is Well Worth Watching

Nov 19

Boralex (TSE:BLX) Will Want To Turn Around Its Return Trends

Nov 02

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

Aug 31

Boralex (TSE:BLX) Has More To Do To Multiply In Value Going Forward

Jul 19

Shareholder Returns

	BLX	CA Renewable Energy	CA Market
7D	2.8%	2.0%	0.3%
1Y	-13.5%	-11.4%	12.5%

Return vs Industry: BLX matched the Canadian Renewable Energy industry which returned -13.8% over the past year.

Return vs Market: BLX underperformed the Canadian Market which returned 11.8% over the past year.

Price Volatility

Is BLX's price volatile compared to industry and market?
BLX volatility
BLX Average Weekly Movement	4.2%
Renewable Energy Industry Average Movement	4.7%
Market Average Movement	8.9%
10% most volatile stocks in CA Market	17.9%
10% least volatile stocks in CA Market	2.9%

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

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

About the Company

Founded	Employees	CEO	Website
1982	753	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$3.29b
Earnings (TTM)	CA$100.00m
Revenue (TTM)	CA$986.00m

33.2x

P/E Ratio

3.4x

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$986.00m
Cost of Revenue	CA$319.00m
Gross Profit	CA$667.00m
Other Expenses	CA$567.00m
Earnings	CA$100.00m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.97
Gross Margin	67.65%
Net Profit Margin	10.14%
Debt/Equity Ratio	155.7%

How did BLX perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

68%

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	May 31 2024
Dividend Pay Date	Jun 17 2024
Days until Ex dividend	7 days
Days until Dividend pay date	24 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:BEPC

CA$16.2b

TSX:PIF

CA$263.4m

TSX:TA

CA$3.0b

Price History & Performance

Recent News & Updates

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

Recent updates

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.

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

Upcoming dividend of CA$0.17 per share

Consensus forecasts updated

Consensus EPS estimates fall by 17%

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Boralex Inc. Announces A Quarterly Dividend, Payable on December 15, 2022

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

Boralex Announces Management Changes

Boralex Inc. to Report Q3, 2022 Results on Nov 09, 2022

Returns Are Gaining Momentum At Boralex (TSE:BLX)

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

Independent Director recently bought CA$72k worth of stock

Upcoming dividend of CA$0.17 per share

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