Boralex (BLX) Stock Price, News & Analysis

Company Overview

Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex's plants rely on wind power, while a significant number also employ hydroelectric power. The company generates the vast majority of its revenue from the sale of energy through long-term contracts to customers in Canada, France, and the United States. Boralex's wind and hydroelectric power stations, located in Canada and France, account for most of this revenue. The company's facilities in Canada and France are also responsible for most of the company's total power production.

Key Stats

• Today's Range: C$32.80 to C$33.03
• 50-Day Range: C$29.60 to C$32.90
• 52-Week Range: C$24.40 to C$36.63
• Volume: 13,459 shs
• Average Volume: 336,449 shs
• Market Capitalization: C$3.43 billion
• P/E Ratio: 48.38
• Dividend Yield: 2.00%
• Price Target: C$39.22
• Consensus Rating: Buy

Boralex Stock Analysis - MarketRank™

Boralex scored higher than 44% 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 3 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Boralex has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Boralex is 48.38, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Boralex is 48.38, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 20.45.

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 1.68. 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: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Boralex pays a meaningful dividend of 2.54%, 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 96.76%. Payout ratios above 75% are not desirable because they may not be sustainable.

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: 2.4 / 5
• News Sentiment: 0.37

News Sentiment

Boralex has a news sentiment score of 0.37. 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 0.63 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Boralex this week, compared to 1 article on an average week.

Search Interest

7 people have searched for BLX on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Boralex insiders have not sold or bought any 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$28.71 at the start of the year. Since then, BLX stock has increased by 14.9% and is now trading at C$33.00.

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.

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).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Utilities
• Industry: Utilities - Renewable
• Sub-Industry: Banking
• Current Symbol: TSE:BLX
• 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$39.22
• High Stock Price Target: C$45.00
• Low Stock Price Target: C$35.00
• Potential Upside/Downside: +19.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.29
• Research Coverage: 7 Analysts

Profitability

• EPS (Trailing Twelve Months): C$0.68
• Trailing P/E Ratio: 48.23
• Forward P/E Ratio: 24.58
• P/E Growth: 2.01
• Net Income: C$71.91 million
• Net Margins: 7.55%
• Pretax Margin: N/A
• Return on Equity: 4.29%
• Return on Assets: 2.54%

Debt

• Debt-to-Equity Ratio: 233.60
• Current Ratio: 0.86
• Quick Ratio: 1.54

Sales & Book Value

• Annual Sales: C$952.11 million
• Price / Sales: 3.60
• Cash Flow: C$5.17 per share
• Price / Cash Flow: 6.36
• Book Value: C$19.65 per share
• Price / Book: 1.67

Miscellaneous

• Outstanding Shares: 104,090,201
• Free Float: N/A
• Market Cap: C$3.42 billion
• Optionable: Not Optionable
• Beta: 0.46