BLX vs. INE, NPI, AQN, BEPC, TA, ACO.X, SPB, 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), ATCO (ACO.X), Superior Plus (SPB), Capital Power (CPX), Brookfield Infrastructure (BIPC), and Canadian Utilities (CU). These companies are all part of the "utilities" sector.
Innergex Renewable Energy (TSE:INE) and Boralex (TSE:BLX) are both utilities companies, but which is the superior stock? We will compare the two businesses based on the strength of their analyst recommendations, earnings, valuation, dividends, institutional ownership, media sentiment, profitability, risk and community ranking.
Innergex Renewable Energy has a beta of 0.34, meaning that its stock price is 66% less volatile than the S&P 500. Comparatively, Boralex has a beta of 0.41, meaning that its stock price is 59% less volatile than the S&P 500.
Boralex received 79 more outperform votes than Innergex Renewable Energy when rated by MarketBeat users. Likewise, 63.28% of users gave Boralex an outperform vote while only 57.38% of users gave Innergex Renewable Energy an outperform vote.
Boralex has a net margin of 10.14% compared to Boralex's net margin of -11.78%. Innergex Renewable Energy's return on equity of 6.87% beat Boralex's return on equity.
Innergex Renewable Energy presently has a consensus price target of C$12.41, indicating a potential upside of 37.09%. Boralex has a consensus price target of C$40.38, indicating a potential upside of 21.17%. Given Boralex's higher probable upside, research analysts plainly believe Innergex Renewable Energy is more favorable than Boralex.
In the previous week, Innergex Renewable Energy and Innergex Renewable Energy both had 6 articles in the media. Boralex's average media sentiment score of 0.73 beat Innergex Renewable Energy's score of 0.35 indicating that Innergex Renewable Energy is being referred to more favorably in the media.
Innergex Renewable Energy pays an annual dividend of C$0.36 per share and has a dividend yield of 4.0%. Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 2.0%. Innergex Renewable Energy pays out -56.3% of its earnings in the form of a dividend. Boralex pays out 67.3% 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.
Boralex has lower revenue, but higher earnings 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.
41.0% of Innergex Renewable Energy shares are owned by institutional investors. Comparatively, 60.6% of Boralex shares are owned by institutional investors. 20.4% of Innergex Renewable Energy shares are owned by company insiders. Comparatively, 0.2% of Boralex shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Summary
Boralex beats Innergex Renewable Energy on 14 of the 20 factors compared between the two stocks.
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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.
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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