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Boralex (BLX) Competitors

Boralex logo
C$32.35 +0.54 (+1.70%)
As of 06/10/2025 04:00 PM Eastern

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

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

Boralex vs.

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

44.0% of Keyera shares are owned by institutional investors. Comparatively, 58.3% of Boralex shares are owned by institutional investors. 0.4% of Keyera 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, hedge funds and endowments believe a stock is poised for long-term growth.

Keyera presently has a consensus price target of C$46.91, suggesting a potential upside of 11.69%. Boralex has a consensus price target of C$39.38, suggesting a potential upside of 21.72%. Given Boralex's stronger consensus rating and higher possible upside, analysts plainly believe Boralex is more favorable than Keyera.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Keyera
0 Sell rating(s)
4 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
2.73
Boralex
0 Sell rating(s)
1 Hold rating(s)
2 Buy rating(s)
3 Strong Buy rating(s)
3.33

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
Keyera5.97% 16.05% 6.15%
Boralex 7.55%4.29%2.54%

Keyera has a beta of 2.09, meaning that its share price is 109% more volatile than the S&P 500. Comparatively, Boralex has a beta of 0.46, meaning that its share price is 54% less volatile than the S&P 500.

Keyera pays an annual dividend of C$2.08 per share and has a dividend yield of 5.0%. Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 2.0%. Keyera pays out 107.2% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Boralex pays out 96.8% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Keyera received 151 more outperform votes than Boralex when rated by MarketBeat users. However, 62.56% of users gave Boralex an outperform vote while only 55.82% of users gave Keyera an outperform vote.

CompanyUnderperformOutperform
KeyeraOutperform Votes
547
55.82%
Underperform Votes
433
44.18%
BoralexOutperform Votes
396
62.56%
Underperform Votes
237
37.44%

In the previous week, Keyera and Keyera both had 3 articles in the media. Boralex's average media sentiment score of 1.04 beat Keyera's score of 0.66 indicating that Boralex is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Keyera
0 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Boralex
1 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
KeyeraC$7.53B1.28C$449.23MC$1.9421.65
BoralexC$952.11M3.54C$71.91MC$0.6847.43

Summary

Keyera and Boralex tied by winning 10 of the 20 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 {thisCompany.Symbol} 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$3.37BC$1.51BC$16.25BC$6.04B
Dividend Yield2.54%5.83%5.66%6.72%
P/E Ratio47.4310.2821.3133.34
Price / Sales3.54127.0828.321,023.34
Price / Cash6.3642.3618.6883.29
Price / Book1.651.502.154.09
Net IncomeC$71.91MC$289.63MC$674.16MC$301.20M
7 Day Performance0.43%0.78%0.97%1.55%
1 Month Performance3.06%10.54%4.16%6.36%
1 Year Performance-6.37%3.27%11.56%22.69%

Boralex Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BLX
Boralex
1.4527 of 5 stars
C$32.35
+1.7%
C$39.38
+21.7%
-7.5%C$3.37BC$952.11M47.43180News Coverage
Analyst Upgrade
KEY
Keyera
2.873 of 5 stars
C$41.42
-1.0%
C$46.91
+13.3%
+14.2%C$9.54BC$7.53B21.3517,500
BNC
Purpose Canadian Financial Income Fund Series ETF
N/AC$28.53
+0.0%
N/A+14.6%C$8.66BN/A0.00206,500
SII
Sprott
1.0357 of 5 stars
C$81.25
+2.1%
C$77.00
-5.2%
+41.6%C$1.45BC$114.38M31.66170
HUT
Hut 8
N/AC$20.83
-0.3%
N/A+86.7%C$1.39BC$142.55M5.10219
VBNK
VersaBank
1.9012 of 5 stars
C$15.42
-2.4%
C$17.00
+10.2%
+6.1%C$499.00MC$248.46M10.03100
WFC
Wall Financial
N/AC$15.16
+2.8%
N/A-28.7%C$486.57MC$193.65M19.59238,000
PTS
Points.com
N/AN/AN/AN/AC$480.57MC$432.40M169.26240,000
WED
Westaim
0.0179 of 5 stars
C$31.54
-2.1%
C$7.75
-75.4%
+658.2%C$465.98MC$10.20M71.363,240
BITF
Bitfarms
2.6442 of 5 stars
C$1.25
-0.8%
C$3.75
+200.0%
-58.8%C$438.40MC$159.92M-2.81110News Coverage
ML
Millennial Lithium
N/AC$4.04
+2.0%
N/A+0.0%C$395.36MN/A-20.20560Gap Down

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This page (TSE:BLX) was last updated on 6/11/2025 by MarketBeat.com Staff
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