BLX vs. BEPC, NPI, AQN, RNW, INE, PIF, ARR, LCFS, SPG, and UGE
Should you be buying Boralex stock or one of its competitors? The main competitors of Boralex include Brookfield Renewable (BEPC), Northland Power (NPI), Algonquin Power & Utilities (AQN), TransAlta Renewables (RNW), Innergex Renewable Energy (INE), Polaris Renewable Energy (PIF), Altius Renewable Royalties (ARR), Tidewater Renewables (LCFS), Spark Power Group (SPG), and UGE International (UGE). These companies are all part of the "utilities - renewable" industry.
Boralex (TSE:BLX) and Brookfield Renewable (TSE:BEPC) are both mid-cap utilities companies, but which is the superior stock? We will contrast the two businesses based on the strength of their dividends, analyst recommendations, profitability, risk, earnings, media sentiment, valuation, institutional ownership and community ranking.
Boralex has a beta of 0.41, meaning that its share price is 59% less volatile than the S&P 500. Comparatively, Brookfield Renewable has a beta of 0.89, meaning that its share price is 11% less volatile than the S&P 500.
Boralex received 387 more outperform votes than Brookfield Renewable when rated by MarketBeat users.
Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 1.9%. Brookfield Renewable pays an annual dividend of 1.94 per share and has a dividend yield of 4.7%. Boralex pays out 67.3% of its earnings in the form of a dividend. Brookfield Renewable pays out 17.9% 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. Brookfield Renewable is clearly the better dividend stock, given its higher yield and lower payout ratio.
Brookfield Renewable has higher revenue and earnings than Boralex. Brookfield Renewable is trading at a lower price-to-earnings ratio than Boralex, indicating that it is currently the more affordable of the two stocks.
60.6% of Boralex shares are held by institutional investors. Comparatively, 76.9% of Brookfield Renewable shares are held by institutional investors. 0.2% of Boralex shares are held by company insiders. Comparatively, 0.0% of Brookfield Renewable shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
Brookfield Renewable has a net margin of 29.75% compared to Boralex's net margin of 10.14%. Brookfield Renewable's return on equity of 10.84% beat Boralex's return on equity.
Boralex currently has a consensus target price of C$40.63, suggesting a potential upside of 14.76%. Given Boralex's higher possible upside, equities research analysts clearly believe Boralex is more favorable than Brookfield Renewable.
In the previous week, Boralex had 3 more articles in the media than Brookfield Renewable. MarketBeat recorded 4 mentions for Boralex and 1 mentions for Brookfield Renewable. Boralex's average media sentiment score of 0.91 beat Brookfield Renewable's score of 0.00 indicating that Boralex is being referred to more favorably in the media.
Summary
Boralex beats Brookfield Renewable on 10 of the 19 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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