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Boralex (BLX) Competitors

Boralex logo
C$27.99 -0.47 (-1.65%)
As of 04:00 PM Eastern

BLX vs. KEY, HUT, BNC, BITF, SII, HIVE, WED, VBNK, PTS, and WFC

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

Boralex vs. Its Competitors

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

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 target price of C$39.00, indicating a potential upside of 39.34%. Keyera has a consensus target price of C$51.36, indicating a potential upside of 20.52%. Given Boralex's stronger consensus rating and higher possible upside, equities 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)
4 Hold rating(s)
5 Buy rating(s)
4 Strong Buy rating(s)
3.00

55.9% of Boralex shares are held by institutional investors. Comparatively, 48.4% of Keyera shares are held by institutional investors. 0.2% of Boralex shares are held by company insiders. Comparatively, 0.4% of Keyera shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Boralex has a beta of 0.223974, indicating that its share price is 78% less volatile than the S&P 500. Comparatively, Keyera has a beta of 0.564997, indicating that its share price is 44% less volatile than the S&P 500.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BoralexC$830M3.47C$71.91M-C$0.09-311.00
KeyeraC$7.27B1.34C$449.23MC$2.3118.45

In the previous week, Keyera had 1 more articles in the media than Boralex. MarketBeat recorded 1 mentions for Keyera and 0 mentions for Boralex. Boralex's average media sentiment score of 1.34 beat Keyera's score of 0.75 indicating that Boralex is being referred to more favorably in the media.

Company Overall Sentiment
Boralex Positive
Keyera Positive

Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 2.4%. Keyera pays an annual dividend of C$2.08 per share and has a dividend yield of 4.9%. Boralex pays out -733.3% of its earnings in the form of a dividend. Keyera pays out 90.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Summary

Keyera beats Boralex on 12 of the 19 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 BLX 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$2.92BC$2.05BC$17.20BC$9.72B
Dividend Yield2.32%5.12%4.58%6.51%
P/E Ratio-311.009.2319.2329.59
Price / Sales3.47255.2332.9711.83
Price / Cash6.3642.3619.4783.29
Price / Book1.421.552.305.76
Net IncomeC$71.91MC$284.56MC$748.50MC$301.20M
7 Day Performance0.86%-1.28%1.23%1.10%
1 Month Performance3.74%0.58%9.13%4.19%
1 Year Performance-22.29%222.43%48.96%37.27%

Boralex Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BLX
Boralex
2.4206 of 5 stars
C$27.99
-1.7%
C$39.00
+39.3%
-21.0%C$2.92BC$830M-311.00180Positive News
KEY
Keyera
2.7258 of 5 stars
C$43.87
-2.8%
C$51.36
+17.1%
-3.0%C$10.05BC$7.27B18.9917,500
HUT
Hut 8
N/AC$61.00
-6.3%
N/A+239.4%C$6.44BC$550.39M41.78219Gap Up
BNC
Purpose Canadian Financial Income Fund Series ETF
N/AC$31.63
-0.3%
N/AN/AC$4.50BN/A0.00206,500
BITF
Bitfarms
0.9352 of 5 stars
C$5.86
-0.2%
C$3.75
-36.0%
+145.6%C$3.24BC$245.66M-36.63110Gap Up
High Trading Volume
SII
Sprott
1.0646 of 5 stars
C$115.93
-0.3%
C$93.33
-19.5%
+80.9%C$2.99BC$186.32M59.76170News Coverage
HIVE
HIVE Digital Technologies
N/AC$9.26
-6.0%
N/A+52.0%C$2.14BC$128.65M28.0620Gap Down
High Trading Volume
WED
Westaim
N/AC$26.50
-3.7%
C$7.75
-70.8%
+468.6%C$889.13MC$42.11M-20.073,240Negative News
VBNK
VersaBank
1.3212 of 5 stars
C$16.65
-2.1%
C$19.00
+14.1%
-20.3%C$541.44MC$116.83M17.71100
PTS
Points.com
N/AN/AN/AN/AC$480.57MC$432.40M169.26240,000
WFC
Wall Financial
N/AC$14.40
flat
N/A-23.7%C$460.97MC$191.30M14.85238,000

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This page (TSE:BLX) was last updated on 10/20/2025 by MarketBeat.com Staff
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