BLX vs. INE, NPI, AQN, BEPC, TA, SPB, ACO.X, CPX, BIPC, and CU Should you be buying Boralex stock or one of its competitors? The main competitors of Boralex include Innergex Renewable Energy (INE), Northland Power (NPI), Algonquin Power & Utilities (AQN), Brookfield Renewable (BEPC), TransAlta (TA), Superior Plus (SPB), ATCO (ACO.X), Capital Power (CPX), Brookfield Infrastructure (BIPC), and Canadian Utilities (CU). These companies are all part of the "utilities" sector.
Boralex (TSE:BLX ) and Innergex Renewable Energy (TSE:INE ) are both utilities companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, institutional ownership, earnings, valuation, media sentiment, dividends, analyst recommendations, community ranking and risk.
Boralex received 79 more outperform votes than Innergex Renewable Energy when rated by MarketBeat users. Likewise, 63.22% of users gave Boralex an outperform vote while only 57.30% of users gave Innergex Renewable Energy an outperform vote.
Boralex has higher earnings, but lower revenue than Innergex Renewable Energy. Innergex Renewable Energy is trading at a lower price-to-earnings ratio than Boralex, indicating that it is currently the more affordable of the two stocks.
Boralex presently has a consensus price target of C$40.13, suggesting a potential upside of 24.92%. Innergex Renewable Energy has a consensus price target of C$12.53, suggesting a potential upside of 38.62%. Given Innergex Renewable Energy's higher possible upside, analysts plainly believe Innergex Renewable Energy is more favorable than Boralex.
In the previous week, Boralex had 12 more articles in the media than Innergex Renewable Energy. MarketBeat recorded 22 mentions for Boralex and 10 mentions for Innergex Renewable Energy. Boralex's average media sentiment score of 0.30 beat Innergex Renewable Energy's score of 0.02 indicating that Boralex is being referred to more favorably in the media.
Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 2.1%. Innergex Renewable Energy pays an annual dividend of C$0.36 per share and has a dividend yield of 4.0%. Boralex pays out 67.3% of its earnings in the form of a dividend. Innergex Renewable Energy pays out -56.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Innergex Renewable Energy is clearly the better dividend stock, given its higher yield and lower payout ratio.
60.6% of Boralex shares are held by institutional investors. Comparatively, 41.0% of Innergex Renewable Energy shares are held by institutional investors. 0.2% of Boralex shares are held by company insiders. Comparatively, 20.4% of Innergex Renewable Energy shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
Boralex has a beta of 0.41, indicating that its share price is 59% less volatile than the S&P 500. Comparatively, Innergex Renewable Energy has a beta of 0.34, indicating that its share price is 66% less volatile than the S&P 500.
Boralex has a net margin of 10.14% compared to Innergex Renewable Energy's net margin of -11.78%. Boralex's return on equity of 6.87% beat Innergex Renewable Energy's return on equity.
Summary Boralex beats Innergex Renewable Energy on 16 of the 21 factors compared between the two stocks.
This chart shows the number of new MarketBeat users adding BLX and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip Chart 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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