Boralex (BLX) Stock Price, News & Analysis

Company Overview

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. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.

Key Stats

• Today's Range: C$29.55 to C$30.43
• 50-Day Range: C$30.00 to C$36.47
• 52-Week Range: C$26.25 to C$36.68
• Volume: 99,832 shs
• Average Volume: 259,324 shs
• Market Capitalization: C$3.12 billion
• P/E Ratio: 32.61
• Dividend Yield: 2.18%
• Price Target: C$43.38
• Consensus Rating: Buy

Boralex Stock Analysis - MarketRank™

Boralex scored higher than 71% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

Boralex has received a consensus rating of Buy. The company's average rating score is 3.29, and is based on 5 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Boralex has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Boralex is 32.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.15.

Price to Earnings Ratio vs. Sector

The P/E ratio of Boralex is 32.72, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 99.26.

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 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for BLX.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Boralex pays a meaningful dividend of 1.89%, 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 70.97%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for BLX.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: -0.35

News Sentiment

Boralex has a news sentiment score of -0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.69 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 17 news articles for Boralex this week, compared to 2 articles on an average week.

Search Interest

11 people have searched for BLX on MarketBeat in the last 30 days. This is an increase of 175% compared to the previous 30 days.

MarketBeat Follows

4 people have added Boralex to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Boralex insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$8,916.00 in company stock and sold C$0.00 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.

BLX Stock Analysis - Frequently Asked Questions

How have BLX shares performed this year?

Boralex's stock was trading at C$33.68 at the beginning of the year. Since then, BLX stock has decreased by 9.6% and is now trading at C$30.43.
View the best growth stocks for 2024 here.

How do I buy shares of Boralex?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Boralex own?

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 9/17 Dividend: 8/30/2024
• Dividend Payable: 9/17/2024
• Today: 11/21/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Utilities
• Industry: Utilities - Renewable
• Sub-Industry: Banking
• Current Symbol: TSE:BLX
• CUSIP: N/A
• CIK: N/A
• Web: www.boralex.com
• Phone: +1-819-3636363
• Fax: N/A
• Employees: 180
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$43.38
• High Stock Price Target: C$47.00
• Low Stock Price Target: C$38.00
• Potential Upside/Downside: +44.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.29
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.93
• Trailing P/E Ratio: 32.28
• Forward P/E Ratio: 22.43
• P/E Growth: 2.01
• Net Income: C$95 million
• Net Margins: 9.91%
• Pretax Margin: N/A
• Return on Equity: 6.69%
• Return on Assets: 2.54%

Debt

• Debt-to-Equity Ratio: 175.24
• Current Ratio: 0.95
• Quick Ratio: 1.54

Sales & Book Value

• Annual Sales: C$959 million
• Price / Sales: 3.22
• Cash Flow: C$4.72 per share
• Price / Cash Flow: 6.36
• Book Value: C$16.52 per share
• Price / Book: 1.82

Miscellaneous

• Outstanding Shares: 102,770,000
• Free Float: N/A
• Market Cap: C$3.09 billion
• Optionable: Not Optionable
• Beta: 0.46