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Boralex (BLX) Competitors

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C$36.98 0.00 (0.00%)
As of 06/29/2026 04:00 PM Eastern

BLX vs. BNC, BITF, SII, HIVE, and VBNK

Should you buy Boralex stock or one of its competitors? MarketBeat compares Boralex with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Boralex include Purpose Canadian Financial Income Fund Series ETF (BNC), Bitfarms (BITF), Sprott (SII), HIVE Digital Technologies (HIVE), and VersaBank (VBNK). These companies are all part of the "banking" industry.

How does Boralex compare to Purpose Canadian Financial Income Fund Series ETF?

Purpose Canadian Financial Income Fund Series ETF (TSE:BNC) and Boralex (TSE:BLX) are both banking companies, but which is the better business? We will contrast the two companies based on the strength of their earnings, valuation, institutional ownership, media sentiment, risk, profitability, dividends and analyst recommendations.

0.0% of Purpose Canadian Financial Income Fund Series ETF shares are owned by institutional investors. Comparatively, 43.4% of Boralex 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 company is poised for long-term growth.

Purpose Canadian Financial Income Fund Series ETF has a net margin of 0.00% compared to Boralex's net margin of -3.56%. Purpose Canadian Financial Income Fund Series ETF's return on equity of 0.00% beat Boralex's return on equity.

Company Net Margins Return on Equity Return on Assets
Purpose Canadian Financial Income Fund Series ETFN/A N/A N/A
Boralex -3.56%-2.08%2.54%

Boralex has higher revenue and earnings than Purpose Canadian Financial Income Fund Series ETF.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Purpose Canadian Financial Income Fund Series ETFN/AN/AN/AN/AN/A
BoralexC$898M4.23C$71.91M-C$0.31N/A

Boralex has a consensus target price of C$38.39, suggesting a potential upside of 3.82%. Given Boralex's stronger consensus rating and higher possible upside, analysts clearly believe Boralex is more favorable than Purpose Canadian Financial Income Fund Series ETF.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Purpose Canadian Financial Income Fund Series ETF
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

Purpose Canadian Financial Income Fund Series ETF has a beta of 1.11, meaning that its stock price is 11% more volatile than the broader market. Comparatively, Boralex has a beta of 0.184176, meaning that its stock price is 82% less volatile than the broader market.

In the previous week, Purpose Canadian Financial Income Fund Series ETF's average media sentiment score of 0.00 equaled Boralex'saverage media sentiment score.

Company Overall Sentiment
Purpose Canadian Financial Income Fund Series ETF Neutral
Boralex Neutral

Purpose Canadian Financial Income Fund Series ETF pays an annual dividend of C$1.07 per share and has a dividend yield of 2.5%. Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 1.8%. Boralex pays out -212.9% of its earnings in the form of a dividend.

Summary

Boralex beats Purpose Canadian Financial Income Fund Series ETF on 9 of the 13 factors compared between the two stocks.

How does Boralex compare to Bitfarms?

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

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

Company Overall Sentiment
Boralex Neutral
Bitfarms Neutral

Boralex currently has a consensus target price of C$38.39, suggesting a potential upside of 3.82%. Given Boralex's stronger consensus rating and higher probable upside, analysts plainly believe Boralex is more favorable than Bitfarms.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BoralexC$898M4.23C$71.91M-C$0.31N/A
BitfarmsC$229.28M21.67-C$110.66M-C$0.52N/A

43.4% of Boralex shares are held by institutional investors. Comparatively, 11.7% of Bitfarms shares are held by institutional investors. 0.2% of Boralex shares are held by company insiders. Comparatively, 23.4% of Bitfarms shares are held 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 a beta of 0.184176, meaning that its stock price is 82% less volatile than the broader market. Comparatively, Bitfarms has a beta of 3.414688, meaning that its stock price is 241% more volatile than the broader market.

Boralex has a net margin of -3.56% compared to Bitfarms' net margin of -160.41%. Boralex's return on equity of -2.08% beat Bitfarms' return on equity.

Company Net Margins Return on Equity Return on Assets
Boralex-3.56% -2.08% 2.54%
Bitfarms -160.41%-56.78%-10.66%

Summary

Boralex beats Bitfarms on 11 of the 15 factors compared between the two stocks.

How does Boralex compare to Sprott?

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

Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 1.8%. Sprott pays an annual dividend of C$1.40 per share and has a dividend yield of 0.9%. Boralex pays out -212.9% of its earnings in the form of a dividend. Sprott pays out 42.7% 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. Boralex is clearly the better dividend stock, given its higher yield and lower payout ratio.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BoralexC$898M4.23C$71.91M-C$0.31N/A
SprottC$368.97M11.21C$32.26MC$3.2848.90

Boralex presently has a consensus price target of C$38.39, suggesting a potential upside of 3.82%. Sprott has a consensus price target of C$211.00, suggesting a potential upside of 31.55%. Given Sprott's stronger consensus rating and higher possible upside, analysts clearly believe Sprott 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
Sprott
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60

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

Company Overall Sentiment
Boralex Neutral
Sprott Neutral

Boralex has a beta of 0.184176, indicating that its share price is 82% less volatile than the broader market. Comparatively, Sprott has a beta of 1.474419, indicating that its share price is 47% more volatile than the broader market.

43.4% of Boralex shares are owned by institutional investors. Comparatively, 30.4% of Sprott shares are owned by institutional investors. 0.2% of Boralex shares are owned by company insiders. Comparatively, 17.7% of Sprott shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Sprott has a net margin of 22.40% compared to Boralex's net margin of -3.56%. Sprott's return on equity of 23.54% beat Boralex's return on equity.

Company Net Margins Return on Equity Return on Assets
Boralex-3.56% -2.08% 2.54%
Sprott 22.40%23.54%10.25%

Summary

Sprott beats Boralex on 11 of the 17 factors compared between the two stocks.

How does Boralex compare to HIVE Digital Technologies?

HIVE Digital Technologies (CVE:HIVE) and Boralex (TSE:BLX) are both banking companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, earnings, risk, valuation, institutional ownership, media sentiment, dividends and analyst recommendations.

In the previous week, HIVE Digital Technologies had 1 more articles in the media than Boralex. MarketBeat recorded 1 mentions for HIVE Digital Technologies and 0 mentions for Boralex. HIVE Digital Technologies' average media sentiment score of 1.46 beat Boralex's score of 0.00 indicating that HIVE Digital Technologies is being referred to more favorably in the media.

Company Overall Sentiment
HIVE Digital Technologies Positive
Boralex Neutral

15.2% of HIVE Digital Technologies shares are owned by institutional investors. Comparatively, 43.4% of Boralex shares are owned by institutional investors. 0.4% of HIVE Digital Technologies 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, large money managers and hedge funds believe a company will outperform the market over the long term.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
HIVE Digital TechnologiesC$257.14M4.04-C$13.38M-C$0.77N/A
BoralexC$898M4.23C$71.91M-C$0.31N/A

Boralex has a consensus price target of C$38.39, indicating a potential upside of 3.82%. Given Boralex's stronger consensus rating and higher probable upside, analysts plainly believe Boralex is more favorable than HIVE Digital Technologies.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
HIVE Digital Technologies
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

Boralex has a net margin of -3.56% compared to HIVE Digital Technologies' net margin of -50.32%. Boralex's return on equity of -2.08% beat HIVE Digital Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
HIVE Digital Technologies-50.32% -26.37% -8.78%
Boralex -3.56%-2.08%2.54%

HIVE Digital Technologies has a beta of 2.339164, indicating that its stock price is 134% more volatile than the broader market. Comparatively, Boralex has a beta of 0.184176, indicating that its stock price is 82% less volatile than the broader market.

Summary

Boralex beats HIVE Digital Technologies on 12 of the 17 factors compared between the two stocks.

How does Boralex compare to VersaBank?

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

VersaBank pays an annual dividend of C$0.10 per share and has a dividend yield of 0.3%. Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 1.8%. VersaBank pays out 10.6% 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. Boralex is clearly the better dividend stock, given its higher yield and lower payout ratio.

VersaBank has a net margin of 9.34% compared to Boralex's net margin of -3.56%. VersaBank's return on equity of 5.64% beat Boralex's return on equity.

Company Net Margins Return on Equity Return on Assets
VersaBank9.34% 5.64% 1.10%
Boralex -3.56%-2.08%2.54%

VersaBank has a beta of 1.720188, meaning that its stock price is 72% more volatile than the broader market. Comparatively, Boralex has a beta of 0.184176, meaning that its stock price is 82% less volatile than the broader market.

10.5% of VersaBank shares are held by institutional investors. Comparatively, 43.4% of Boralex shares are held by institutional investors. 38.8% of VersaBank shares are held by company insiders. Comparatively, 0.2% of Boralex shares are held 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.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
VersaBankC$141.48M6.59C$49.54MC$0.9430.81
BoralexC$898M4.23C$71.91M-C$0.31N/A

Boralex has a consensus price target of C$38.39, suggesting a potential upside of 3.82%. Given Boralex's stronger consensus rating and higher possible upside, analysts plainly believe Boralex is more favorable than VersaBank.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
VersaBank
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, VersaBank's average media sentiment score of 0.00 equaled Boralex'saverage media sentiment score.

Company Overall Sentiment
VersaBank Neutral
Boralex Neutral

Summary

Boralex beats VersaBank on 10 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

MetricBoralexUtilities IndustryUtilities SectorTSE Exchange
Market CapC$3.80BC$4.15BC$19.04BC$12.15B
Dividend Yield1.79%4.95%3.95%6.19%
P/E Ratio-119.2913.5620.4935.84
Price / Sales4.23163.8540.2110.12
Price / Cash6.3640.3919.4782.29
Price / Book1.911.452.494.45
Net IncomeC$71.91MC$267.05MC$785.96MC$299.09M
7 Day Performance0.08%-0.67%0.53%-0.08%
1 Month Performance0.30%-0.29%-0.74%-2.43%
1 Year Performance16.88%23.49%14.10%36.78%

Boralex Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BLX
Boralex
0.3512 of 5 stars
C$36.98
flat
C$38.39
+3.8%
+16.7%C$3.80BC$898MN/A180
BNC
Purpose Canadian Financial Income Fund Series ETF
N/AC$42.47
+0.0%
N/A+46.7%C$6.04BN/AN/A206,500
BITF
Bitfarms
N/AC$8.24
flat
N/A+700.0%C$4.97BC$229.28MN/A110
SII
Sprott
2.0894 of 5 stars
C$163.01
-2.4%
C$211.00
+29.4%
+74.4%C$4.20BC$368.97M49.70170
HIVE
HIVE Digital Technologies
N/AC$4.10
flat
N/A+66.0%C$1.04BC$257.14MN/A20

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This page (TSE:BLX) was last updated on 6/30/2026 by MarketBeat.com Staff.
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