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Boralex (BLX) Competitors

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BLX vs. BEP.UN, BEPC, NPI, RNW, and INE

Should you buy Boralex stock or one of its competitors? Boralex's main competitors and comparable companies include Brookfield Renewable Partners (BEP.UN), Brookfield Renewable (BEPC), Northland Power (NPI), TransAlta Renewables (RNW), and Innergex Renewable Energy (INE). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "renewable electricity" industry.

How does Boralex compare to Brookfield Renewable Partners?

Boralex (TSE:BLX) and Brookfield Renewable Partners (TSE:BEP.UN) are both utilities companies, but which is the superior business? We will compare the two companies based on the strength of their dividends, profitability, earnings, analyst recommendations, valuation, institutional ownership, media sentiment and risk.

Boralex has a net margin of -3.56% compared to Brookfield Renewable Partners' net margin of -4.20%. Brookfield Renewable Partners' return on equity of 0.46% beat Boralex's return on equity.

Company Net Margins Return on Equity Return on Assets
Boralex-3.56% -2.08% 2.54%
Brookfield Renewable Partners -4.20%0.46%0.84%

Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 1.8%. Brookfield Renewable Partners pays an annual dividend of C$1.53 per share and has a dividend yield of 3.6%. Boralex pays out -212.9% of its earnings in the form of a dividend. Brookfield Renewable Partners pays out -347.7% 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 Partners is clearly the better dividend stock, given its higher yield and lower payout ratio.

Boralex has a beta of 0.216624, indicating that its share price is 78% less volatile than the broader market. Comparatively, Brookfield Renewable Partners has a beta of 1.212996, indicating that its share price is 21% more volatile than the broader market.

Boralex currently has a consensus target price of C$38.39, suggesting a potential upside of 3.10%. Brookfield Renewable Partners has a consensus target price of C$41.50, suggesting a potential downside of 3.06%. Given Boralex's higher probable upside, analysts clearly believe Boralex is more favorable than Brookfield Renewable Partners.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Boralex
1 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.50
Brookfield Renewable Partners
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.50

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BoralexC$898M4.26C$71.91M-C$0.31N/A
Brookfield Renewable PartnersC$6.36B2.02-C$230M-C$0.44N/A

In the previous week, Boralex's average media sentiment score of 0.00 equaled Brookfield Renewable Partners'average media sentiment score.

Company Overall Sentiment
Boralex Neutral
Brookfield Renewable Partners Neutral

31.3% of Boralex shares are owned by institutional investors. Comparatively, 23.2% of Brookfield Renewable Partners shares are owned by institutional investors. 0.2% of Boralex shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Summary

Boralex beats Brookfield Renewable Partners on 10 of the 16 factors compared between the two stocks.

How does Boralex compare to Brookfield Renewable?

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

Boralex presently has a consensus target price of C$38.39, indicating a potential upside of 3.10%. Brookfield Renewable has a consensus target price of C$49.00, indicating a potential upside of 12.83%. Given Brookfield Renewable's higher possible upside, analysts clearly believe Brookfield Renewable is more favorable than Boralex.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Boralex
1 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.50
Brookfield Renewable
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BoralexC$898M4.26C$71.91M-C$0.31N/A
Brookfield RenewableC$3.83B2.11-C$144.17M-C$21.26N/A

Boralex has a net margin of -3.56% compared to Brookfield Renewable's net margin of -110.51%. Brookfield Renewable's return on equity of 257.80% beat Boralex's return on equity.

Company Net Margins Return on Equity Return on Assets
Boralex-3.56% -2.08% 2.54%
Brookfield Renewable -110.51%257.80%2.20%

31.3% of Boralex shares are owned by institutional investors. Comparatively, 29.9% of Brookfield Renewable shares are owned by institutional investors. 0.2% of Boralex shares are owned by company insiders. Comparatively, 0.0% of Brookfield Renewable shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 1.8%. Brookfield Renewable pays an annual dividend of C$1.53 per share and has a dividend yield of 3.5%. Boralex pays out -212.9% of its earnings in the form of a dividend. Brookfield Renewable pays out -7.2% 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.

In the previous week, Brookfield Renewable had 3 more articles in the media than Boralex. MarketBeat recorded 3 mentions for Brookfield Renewable and 0 mentions for Boralex. Brookfield Renewable's average media sentiment score of 0.68 beat Boralex's score of 0.00 indicating that Brookfield Renewable is being referred to more favorably in the news media.

Company Overall Sentiment
Boralex Neutral
Brookfield Renewable Positive

Boralex has a beta of 0.216624, indicating that its stock price is 78% less volatile than the broader market. Comparatively, Brookfield Renewable has a beta of 1.211031, indicating that its stock price is 21% more volatile than the broader market.

Summary

Boralex beats Brookfield Renewable on 11 of the 19 factors compared between the two stocks.

How does Boralex compare to Northland Power?

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

Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 1.8%. Northland Power pays an annual dividend of C$0.92 per share and has a dividend yield of 4.5%. Boralex pays out -212.9% of its earnings in the form of a dividend. Northland Power pays out -164.3% 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.

31.3% of Boralex shares are owned by institutional investors. Comparatively, 42.1% of Northland Power shares are owned by institutional investors. 0.2% of Boralex shares are owned by insiders. Comparatively, 0.1% of Northland Power shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BoralexC$898M4.26C$71.91M-C$0.31N/A
Northland PowerC$2.54B2.10-C$144.54M-C$0.56N/A

Boralex currently has a consensus target price of C$38.39, indicating a potential upside of 3.10%. Northland Power has a consensus target price of C$24.90, indicating a potential upside of 21.94%. Given Northland Power's stronger consensus rating and higher probable upside, analysts clearly believe Northland Power is more favorable than Boralex.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Boralex
1 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.50
Northland Power
0 Sell rating(s)
4 Hold rating(s)
5 Buy rating(s)
1 Strong Buy rating(s)
2.70

Boralex has a net margin of -3.56% compared to Northland Power's net margin of -5.48%. Boralex's return on equity of -2.08% beat Northland Power's return on equity.

Company Net Margins Return on Equity Return on Assets
Boralex-3.56% -2.08% 2.54%
Northland Power -5.48%-3.46%3.96%

In the previous week, Northland Power had 1 more articles in the media than Boralex. MarketBeat recorded 1 mentions for Northland Power and 0 mentions for Boralex. Northland Power's average media sentiment score of 1.02 beat Boralex's score of 0.00 indicating that Northland Power is being referred to more favorably in the news media.

Company Overall Sentiment
Boralex Neutral
Northland Power Positive

Boralex has a beta of 0.216624, indicating that its share price is 78% less volatile than the broader market. Comparatively, Northland Power has a beta of 0.876412, indicating that its share price is 12% less volatile than the broader market.

Summary

Northland Power beats Boralex on 11 of the 18 factors compared between the two stocks.

How does Boralex compare to TransAlta Renewables?

TransAlta Renewables (TSE:RNW) and Boralex (TSE:BLX) are both mid-cap utilities companies, but which is the better business? We will contrast the two businesses based on the strength of their institutional ownership, valuation, dividends, media sentiment, earnings, analyst recommendations, profitability and risk.

TransAlta Renewables pays an annual dividend of C$0.94 per share. Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 1.8%. TransAlta Renewables pays out 313.3% 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 -212.9% of its earnings in the form of a dividend. Boralex is clearly the better dividend stock, given its higher yield and lower payout ratio.

TransAlta Renewables has a net margin of 15.73% compared to Boralex's net margin of -3.56%. TransAlta Renewables' return on equity of 4.30% beat Boralex's return on equity.

Company Net Margins Return on Equity Return on Assets
TransAlta Renewables15.73% 4.30% 1.71%
Boralex -3.56%-2.08%2.54%

Boralex has a consensus target price of C$38.39, suggesting a potential upside of 3.10%. Given Boralex's stronger consensus rating and higher possible upside, analysts plainly believe Boralex is more favorable than TransAlta Renewables.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
TransAlta Renewables
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Boralex
1 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.50

In the previous week, TransAlta Renewables' average media sentiment score of 0.00 equaled Boralex'saverage media sentiment score.

Company Overall Sentiment
TransAlta Renewables Neutral
Boralex Neutral

9.5% of TransAlta Renewables shares are owned by institutional investors. Comparatively, 31.3% of Boralex shares are owned by institutional investors. 60.1% of TransAlta Renewables shares are owned by insiders. Comparatively, 0.2% of Boralex shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

TransAlta Renewables has a beta of 0.74, suggesting that its stock price is 26% less volatile than the broader market. Comparatively, Boralex has a beta of 0.216624, suggesting that its stock price is 78% less volatile than the broader market.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
TransAlta RenewablesC$496M0.00C$78MC$0.30N/A
BoralexC$898M4.26C$71.91M-C$0.31N/A

Summary

Boralex beats TransAlta Renewables on 9 of the 16 factors compared between the two stocks.

How does Boralex compare to Innergex Renewable Energy?

Innergex Renewable Energy (TSE:INE) and Boralex (TSE:BLX) are both mid-cap utilities companies, but which is the superior business? We will compare the two companies based on the strength of their risk, media sentiment, valuation, earnings, dividends, institutional ownership, profitability and analyst recommendations.

Innergex Renewable Energy has a net margin of 1.67% compared to Boralex's net margin of -3.56%. Innergex Renewable Energy's return on equity of 1.44% beat Boralex's return on equity.

Company Net Margins Return on Equity Return on Assets
Innergex Renewable Energy1.67% 1.44% 2.25%
Boralex -3.56%-2.08%2.54%

In the previous week, Innergex Renewable Energy's average media sentiment score of 0.00 equaled Boralex'saverage media sentiment score.

Company Overall Sentiment
Innergex Renewable Energy Neutral
Boralex Neutral

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Innergex Renewable EnergyC$1.00B2.80-C$129.06M-C$0.62N/A
BoralexC$898M4.26C$71.91M-C$0.31N/A

Boralex has a consensus target price of C$38.39, indicating a potential upside of 3.10%. Given Boralex's stronger consensus rating and higher possible upside, analysts clearly believe Boralex is more favorable than Innergex Renewable Energy.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Innergex Renewable Energy
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Boralex
1 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.50

Innergex Renewable Energy has a beta of 0.36, indicating that its share price is 64% less volatile than the broader market. Comparatively, Boralex has a beta of 0.216624, indicating that its share price is 78% less volatile than the broader market.

Innergex Renewable Energy pays an annual dividend of C$0.36 per share and has a dividend yield of 2.6%. Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 1.8%. Innergex Renewable Energy pays out -57.7% of its earnings in the form of a dividend. Boralex pays out -212.9% 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.

35.6% of Innergex Renewable Energy shares are owned by institutional investors. Comparatively, 31.3% of Boralex shares are owned by institutional investors. 20.5% 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 hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Summary

Boralex beats Innergex Renewable Energy on 9 of the 17 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

MetricBoralexIndependent Power & Renewable Electricity Producers IndustryUtilities SectorTSE Exchange
Market CapC$3.83BC$7.02BC$15.73BC$12.52B
Dividend Yield1.77%4.38%4.04%6.24%
P/E Ratio-120.1334.7124.7139.46
Price / Sales4.26424.30308.389.79
Price / Cash6.3615.1518.6482.29
Price / Book1.932.282.254.71
Net IncomeC$71.91MC$231.18MC$701.43MC$299.09M
7 Day PerformanceN/A-1.10%-0.88%-1.22%
1 Month Performance0.43%-2.21%-1.72%4.88%
1 Year Performance33.48%7.01%9.67%28.61%

Boralex Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BLX
Boralex
0.2934 of 5 stars
N/AC$38.39
+∞
+32.5%C$3.83BC$898MN/A180
BEP.UN
Brookfield Renewable Partners
0.2907 of 5 stars
C$45.49
+1.5%
C$41.50
-8.8%
+24.1%C$13.65BC$6.36BN/AN/A
BEPC
Brookfield Renewable
1.8685 of 5 stars
C$46.32
+1.7%
C$49.00
+5.8%
-4.8%C$8.60BC$3.83BN/A1,890
NPI
Northland Power
3.7395 of 5 stars
C$21.23
+0.6%
C$24.90
+17.3%
-6.4%C$5.55BC$2.54BN/A1,150
RNW
TransAlta Renewables
N/AN/AN/AN/AC$3.33BC$496M41.601,680

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This page (TSE:BLX) was last updated on 9/3/2026 by MarketBeat.com Staff.
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