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TSE:BLX

Boralex (BLX) Stock Price, News & Analysis

Boralex logo
C$28.62 -0.30 (-1.04%)
As of 01:16 PM Eastern

About Boralex Stock (TSE:BLX)

Key Stats

Today's Range
C$28.09
C$28.92
50-Day Range
C$24.53
C$29.82
52-Week Range
C$24.40
C$36.68
Volume
141,304 shs
Average Volume
350,495 shs
Market Capitalization
C$2.98 billion
P/E Ratio
41.96
Dividend Yield
2.31%
Price Target
C$40.25
Consensus Rating
Buy

Company Overview

Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex's plants rely on wind power, while a significant number also employ hydroelectric power. The company generates the vast majority of its revenue from the sale of energy through long-term contracts to customers in Canada, France, and the United States. Boralex's wind and hydroelectric power stations, located in Canada and France, account for most of this revenue. The company's facilities in Canada and France are also responsible for most of the company's total power production.

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Boralex Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
34th Percentile Overall Score

BLX MarketRank™: 

Boralex scored higher than 34% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Boralex has received a consensus rating of Buy. The company's average rating score is 3.17, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Boralex has only been the subject of 3 research reports in the past 90 days.

  • Read more about Boralex's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Boralex is 41.86, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.54.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Boralex is 41.86, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 15.28.

  • Price to Earnings Growth Ratio

    Boralex has a PEG Ratio of 2.01. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Boralex has a P/B Ratio of 1.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for BLX.
  • Dividend Yield

    Boralex pays a meaningful dividend of 2.54%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Boralex does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Boralex is 96.76%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Read more about Boralex's dividend.
  • Short Interest

    There is no current short interest data available for BLX.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Boralex this week, compared to 1 article on an average week.
  • Search Interest

    Only 1 people have searched for BLX on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Boralex insiders have sold 793.92% more of their company's stock than they have bought. Specifically, they have bought C$29,100.00 in company stock and sold C$260,130.00 in company stock.

  • Percentage Held by Insiders

    Only 0.16% of the stock of Boralex is held by insiders.

  • Percentage Held by Institutions

    58.32% of the stock of Boralex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Boralex's insider trading history.
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BLX Stock Analysis - Frequently Asked Questions

Boralex's stock was trading at C$28.71 at the beginning of 2025. Since then, BLX stock has decreased by 0.6% and is now trading at C$28.55.
View the best growth stocks for 2025 here
.

Shares of BLX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

Based on aggregate information from My MarketBeat watchlists, some other companies that Boralex investors own include Fortis (FTS), Meta Platforms (META), Bank of Nova Scotia (BNS), NVIDIA (NVDA), Enbridge (ENB), Northland Power (NPI) and TELUS (T).

Company Calendar

Ex-Dividend for 3/17 Dividend
2/28/2025
Record date for 3/17 Dividend
3/17/2025
Dividend Payable
3/17/2025
Today
4/01/2025

Industry, Sector and Symbol

Stock Exchange
TSE
Sector
Utilities
Industry
Utilities - Renewable
Sub-Industry
Banking
Current Symbol
TSE:BLX
CIK
N/A
Fax
N/A
Employees
180
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$40.25
High Stock Price Target
C$46.00
Low Stock Price Target
C$35.00
Potential Upside/Downside
+40.7%
Consensus Rating
Buy
Rating Score (0-4)
3.17
Research Coverage
6 Analysts

Profitability

Trailing P/E Ratio
41.93
Forward P/E Ratio
21.37
P/E Growth
2.01
Net Income
C$71.91 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$952.11 million
Cash Flow
C$4.50 per share
Price / Cash Flow
6.36
Book Value
C$19.65 per share
Price / Book
1.46

Miscellaneous

Free Float
N/A
Market Cap
C$2.98 billion
Optionable
Not Optionable
Beta
0.46
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This page (TSE:BLX) was last updated on 4/1/2025 by MarketBeat.com Staff
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