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Boralex (BLX) Competitors

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C$37.23 +0.02 (+0.05%)
As of 12:56 PM Eastern

BLX vs. BEPC, NPI, RNW, INE, and AXY

Should you buy Boralex stock or one of its competitors? Boralex's main competitors and comparable companies include Brookfield Renewable (BEPC), Northland Power (NPI), TransAlta Renewables (RNW), Innergex Renewable Energy (INE), and Alterra Power (AXY). 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?

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

In the previous week, Brookfield Renewable and Brookfield Renewable both had 1 articles in the media. Boralex's average media sentiment score of 0.14 beat Brookfield Renewable's score of 0.00 indicating that Boralex is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Brookfield Renewable
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Boralex
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

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
Brookfield Renewable-110.51% 257.80% 2.20%
Boralex -3.56%-2.08%2.54%

Brookfield Renewable has a beta of 1.211031, suggesting that its stock price is 21% more 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.

Brookfield Renewable presently has a consensus target price of C$49.00, suggesting a potential downside of 1.17%. Boralex has a consensus target price of C$38.39, suggesting a potential upside of 3.12%. Given Boralex's stronger consensus rating and higher probable upside, analysts plainly believe Boralex is more favorable than Brookfield Renewable.

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

30.0% of Brookfield Renewable shares are owned by institutional investors. Comparatively, 33.1% of Boralex shares are owned by institutional investors. 0.0% of Brookfield Renewable 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, endowments and hedge funds believe a stock will outperform the market over the long term.

Boralex has lower revenue, but higher earnings 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
Brookfield RenewableC$3.83B2.40-C$144.17M-C$21.26N/A
BoralexC$898M4.26C$71.91M-C$0.31N/A

Brookfield Renewable pays an annual dividend of C$1.53 per share and has a dividend yield of 3.1%. Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 1.8%. Brookfield Renewable pays out -7.2% 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.

Summary

Boralex beats Brookfield Renewable on 13 of the 18 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, profitability, dividends, earnings, valuation, institutional ownership, media sentiment and risk.

Boralex currently has a consensus price target of C$38.39, indicating a potential upside of 3.12%. Northland Power has a consensus price target of C$24.70, indicating a potential upside of 15.80%. Given Northland Power's 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)
6 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.40

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$1.04 per share and has a dividend yield of 4.9%. Boralex pays out -212.9% of its earnings in the form of a dividend. Northland Power pays out -182.5% 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, Northland Power had 6 more articles in the media than Boralex. MarketBeat recorded 7 mentions for Northland Power and 1 mentions for Boralex. Northland Power's average media sentiment score of 0.20 beat Boralex's score of 0.14 indicating that Northland Power is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Boralex
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Northland Power
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Neutral

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$2.54B2.19-C$144.54M-C$0.57N/A

Boralex has a net margin of -3.56% compared to Northland Power's net margin of -5.52%. 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 -5.52%-3.45%3.96%

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

33.1% of Boralex shares are owned by institutional investors. Comparatively, 42.7% of Northland Power shares are owned by institutional investors. 0.2% of Boralex shares are owned by company insiders. Comparatively, 0.1% of Northland Power shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Summary

Northland Power beats Boralex on 10 of the 19 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 superior investment? We will contrast the two businesses based on the strength of their risk, institutional ownership, profitability, dividends, valuation, analyst recommendations, earnings and media sentiment.

TransAlta Renewables has a beta of 0.74, indicating that its share price is 26% 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.

In the previous week, Boralex had 1 more articles in the media than TransAlta Renewables. MarketBeat recorded 1 mentions for Boralex and 0 mentions for TransAlta Renewables. Boralex's average media sentiment score of 0.14 beat TransAlta Renewables' score of 0.00 indicating that Boralex is being referred to more favorably in the news media.

Company Overall Sentiment
TransAlta Renewables Neutral
Boralex Neutral

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%

9.5% of TransAlta Renewables shares are owned by institutional investors. Comparatively, 33.1% of Boralex shares are owned by institutional investors. 60.1% of TransAlta Renewables shares are owned by company insiders. Comparatively, 0.2% of Boralex shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Boralex has a consensus target price of C$38.39, indicating a potential upside of 3.12%. Given Boralex's stronger consensus rating and higher probable upside, analysts clearly 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

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

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.

Summary

Boralex beats TransAlta Renewables on 11 of the 18 factors compared between the two stocks.

How does Boralex compare to Innergex Renewable Energy?

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

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

Boralex has higher earnings, but lower revenue 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
BoralexC$898M4.26C$71.91M-C$0.31N/A
Innergex Renewable EnergyC$1.00B2.80-C$129.06M-C$0.62N/A

In the previous week, Boralex had 1 more articles in the media than Innergex Renewable Energy. MarketBeat recorded 1 mentions for Boralex and 0 mentions for Innergex Renewable Energy. Boralex's average media sentiment score of 0.14 beat Innergex Renewable Energy's score of 0.00 indicating that Boralex is being referred to more favorably in the media.

Company Overall Sentiment
Boralex Neutral
Innergex Renewable Energy Neutral

Boralex currently has a consensus target price of C$38.39, indicating a potential upside of 3.12%. Given Boralex's stronger consensus rating and higher possible upside, analysts plainly believe Boralex is more favorable than Innergex Renewable Energy.

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
Innergex Renewable Energy
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

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

33.1% of Boralex shares are held by institutional investors. Comparatively, 35.6% of Innergex Renewable Energy shares are held by institutional investors. 0.2% of Boralex shares are held by insiders. Comparatively, 20.5% of Innergex Renewable Energy shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

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
Boralex-3.56% -2.08% 2.54%
Innergex Renewable Energy 1.67%1.44%2.25%

Summary

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

How does Boralex compare to Alterra Power?

Boralex (TSE:BLX) and Alterra Power (TSE:AXY) are both utilities companies, but which is the superior stock? We will compare the two companies based on the strength of their risk, profitability, earnings, analyst recommendations, media sentiment, institutional ownership, dividends and valuation.

Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 1.8%. Alterra Power pays an annual dividend of C$0.04 per share. Boralex pays out -212.9% of its earnings in the form of a dividend.

Boralex currently has a consensus price target of C$38.39, suggesting a potential upside of 3.12%. Given Boralex's stronger consensus rating and higher possible upside, analysts clearly believe Boralex is more favorable than Alterra Power.

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
Alterra Power
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

Boralex has higher revenue and earnings than Alterra Power.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BoralexC$898M4.26C$71.91M-C$0.31N/A
Alterra PowerN/AN/AN/AN/AN/A

In the previous week, Boralex had 1 more articles in the media than Alterra Power. MarketBeat recorded 1 mentions for Boralex and 0 mentions for Alterra Power. Boralex's average media sentiment score of 0.14 beat Alterra Power's score of 0.00 indicating that Boralex is being referred to more favorably in the media.

Company Overall Sentiment
Boralex Neutral
Alterra Power Neutral

33.1% of Boralex shares are held by institutional investors. 0.2% of Boralex shares are held 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.

Alterra Power has a net margin of 0.00% compared to Boralex's net margin of -3.56%. Alterra Power's return on equity of 0.00% beat Boralex's return on equity.

Company Net Margins Return on Equity Return on Assets
Boralex-3.56% -2.08% 2.54%
Alterra Power N/A N/A N/A

Summary

Boralex beats Alterra Power on 12 of the 14 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$7.19BC$16.11BC$12.55B
Dividend Yield1.77%4.36%4.03%6.20%
P/E Ratio-120.1035.6325.6230.74
Price / Sales4.26922.49448.609.76
Price / Cash6.3615.4818.7882.29
Price / Book1.932.592.064.64
Net IncomeC$71.91MC$231.71MC$701.59MC$299.09M
7 Day Performance0.08%0.75%0.14%0.92%
1 Month Performance0.57%-1.73%-1.34%3.90%
1 Year Performance25.40%8.09%9.95%36.15%

Boralex Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BLX
Boralex
0.3172 of 5 stars
C$37.23
+0.1%
C$38.39
+3.1%
+26.0%C$3.83BC$898MN/A180
BEPC
Brookfield Renewable
0.64 of 5 stars
C$47.37
+1.3%
C$49.00
+3.4%
+7.6%C$8.64BC$3.83BN/A1,890
NPI
Northland Power
2.4332 of 5 stars
C$21.61
-1.0%
C$24.70
+14.3%
-5.8%C$5.65BC$2.54BN/A1,150
RNW
TransAlta Renewables
N/AN/AN/AN/AC$3.33BC$496M41.601,680
INE
Innergex Renewable Energy
N/AC$13.74
flat
N/A+0.0%C$2.82BC$1.00BN/A602

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This page (TSE:BLX) was last updated on 8/14/2026 by MarketBeat.com Staff.
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