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Boralex (BLX) Competitors

Boralex logo
C$28.91 -0.21 (-0.72%)
As of 04/15/2025 04:00 PM Eastern

BLX vs. KEY, BNC, HUT, SII, PTS, WED, VBNK, ML, BITF, and GRN

Should you be buying Boralex stock or one of its competitors? The main competitors of Boralex include Keyera (KEY), Purpose Canadian Financial Income Fund Series ETF (BNC), Hut 8 (HUT), Sprott (SII), Points.com (PTS), Westaim (WED), VersaBank (VBNK), Millennial Lithium (ML), Bitfarms (BITF), and Greenlane Renewables Inc. (GRN.V) (GRN). These companies are all part of the "banking" industry.

Boralex vs.

Boralex (TSE:BLX) and Keyera (TSE:KEY) are both mid-cap utilities companies, but which is the superior business? We will compare the two companies based on the strength of their media sentiment, valuation, dividends, community ranking, institutional ownership, analyst recommendations, risk, profitability and earnings.

Keyera has higher revenue and earnings than Boralex. Keyera is trading at a lower price-to-earnings ratio than Boralex, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BoralexC$952.11M3.16C$71.91MC$0.6842.38
KeyeraC$7.53B1.27C$449.23MC$1.9421.43

In the previous week, Boralex had 1 more articles in the media than Keyera. MarketBeat recorded 11 mentions for Boralex and 10 mentions for Keyera. Boralex's average media sentiment score of 0.25 beat Keyera's score of -0.17 indicating that Boralex is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Boralex
3 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Keyera
2 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Keyera received 150 more outperform votes than Boralex when rated by MarketBeat users. However, 62.64% of users gave Boralex an outperform vote while only 55.79% of users gave Keyera an outperform vote.

CompanyUnderperformOutperform
BoralexOutperform Votes
394
62.64%
Underperform Votes
235
37.36%
KeyeraOutperform Votes
544
55.79%
Underperform Votes
431
44.21%

Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 2.3%. Keyera pays an annual dividend of C$2.08 per share and has a dividend yield of 5.0%. Boralex pays out 96.8% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Keyera pays out 107.2% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

58.3% of Boralex shares are owned by institutional investors. Comparatively, 44.0% of Keyera shares are owned by institutional investors. 0.2% of Boralex shares are owned by company insiders. Comparatively, 0.4% of Keyera shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Boralex has a net margin of 7.55% compared to Keyera's net margin of 5.97%. Keyera's return on equity of 16.05% beat Boralex's return on equity.

Company Net Margins Return on Equity Return on Assets
Boralex7.55% 4.29% 2.54%
Keyera 5.97%16.05%6.15%

Boralex currently has a consensus price target of C$40.25, suggesting a potential upside of 39.23%. Keyera has a consensus price target of C$44.77, suggesting a potential upside of 7.70%. Given Boralex's stronger consensus rating and higher possible upside, analysts clearly believe Boralex is more favorable than Keyera.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Boralex
0 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
2 Strong Buy rating(s)
3.17
Keyera
0 Sell rating(s)
5 Hold rating(s)
7 Buy rating(s)
2 Strong Buy rating(s)
2.79

Boralex has a beta of 0.46, indicating that its share price is 54% less volatile than the S&P 500. Comparatively, Keyera has a beta of 2.09, indicating that its share price is 109% more volatile than the S&P 500.

Summary

Boralex and Keyera tied by winning 10 of the 20 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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BLX vs. The Competition

MetricBoralexUtilities IndustryUtilities SectorTSE Exchange
Market CapC$3.01BC$1.22BC$15.41BC$5.47B
Dividend Yield2.54%5.34%5.92%6.84%
P/E Ratio42.389.0815.2331.24
Price / Sales3.1691.1921.47544.75
Price / Cash6.3638.2818.4382.93
Price / Book1.471.341.963.54
Net IncomeC$71.91MC$258.26MC$664.08MC$299.64M
7 Day Performance3.51%2.66%2.50%2.06%
1 Month Performance0.21%0.46%1.47%-2.79%
1 Year Performance9.51%3.84%11.51%10.17%

Boralex Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BLX
Boralex
2.1212 of 5 stars
C$28.91
-0.7%
C$40.25
+39.2%
+5.7%C$3.01BC$952.11M42.38180Gap Down
KEY
Keyera
0.8496 of 5 stars
C$40.90
-2.2%
C$44.77
+9.5%
+18.1%C$9.42BC$7.53B21.0817,500Analyst Revision
News Coverage
Gap Down
BNC
Purpose Canadian Financial Income Fund Series ETF
N/AC$25.20
-2.7%
N/A+5.1%C$7.65BN/A0.00206,500Gap Down
HUT
Hut 8
N/AC$16.28
+0.6%
N/A+59.4%C$1.08BC$142.55M3.98219Analyst Upgrade
Gap Down
SII
Sprott
0.6193 of 5 stars
C$57.76
-0.2%
C$69.75
+20.8%
+24.3%C$1.03BC$114.38M22.51170High Trading Volume
PTS
Points.com
N/AN/AN/AN/AC$480.57MC$432.40M169.26240,000
WED
Westaim
0.1789 of 5 stars
C$29.20
+3.2%
C$7.75
-73.5%
+733.5%C$431.41MC$10.20M66.063,240Gap Down
High Trading Volume
VBNK
VersaBank
2.3901 of 5 stars
C$12.80
-2.3%
C$17.00
+32.8%
+2.1%C$414.21MC$248.46M8.32100Gap Down
ML
Millennial Lithium
N/AC$4.04
+2.0%
N/A+0.0%C$395.36MN/A-20.20560Gap Down
BITF
Bitfarms
2.2113 of 5 stars
C$1.06
-0.9%
C$3.75
+253.8%
-53.9%C$371.76MC$159.92M-2.39110Gap Down
GRN
Greenlane Renewables Inc. (GRN.V)
0.0628 of 5 stars
C$2.78
+16.3%
C$0.05
-98.2%
+0.0%C$368.17MC$16.93M-102.9649Positive News
Gap Up
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This page (TSE:BLX) was last updated on 4/16/2025 by MarketBeat.com Staff
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