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Boralex (BLX) Competitors

Boralex logo
C$30.97 -0.25 (-0.80%)
As of 07/11/2025 04:00 PM Eastern

BLX vs. KEY, BNC, HUT, SII, WFC, VBNK, BITF, PTS, WED, 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), Hut 8 (HUT), Sprott (SII), Wall Financial (WFC), VersaBank (VBNK), Bitfarms (BITF), Points.com (PTS), Westaim (WED), and Millennial Lithium (ML). These companies are all part of the "banking" industry.

Boralex vs. Its Competitors

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

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

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$7.53B1.30C$449.23MC$1.9421.98
BoralexC$952.11M3.39C$71.91MC$0.6845.40

Keyera presently has a consensus price target of C$51.27, suggesting a potential upside of 20.22%. Boralex has a consensus price target of C$39.22, suggesting a potential upside of 26.65%. 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)
3 Hold rating(s)
6 Buy rating(s)
3 Strong Buy rating(s)
3.00
Boralex
0 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
3 Strong Buy rating(s)
3.29

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%

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 0.83 beat Keyera's score of -0.11 indicating that Boralex is being referred to more favorably in the news media.

Company Overall Sentiment
Keyera Neutral
Boralex Positive

Keyera pays an annual dividend of C$2.08 per share and has a dividend yield of 4.9%. Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 2.1%. 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 has a beta of 2.09, meaning that its stock price is 109% more volatile than the S&P 500. Comparatively, Boralex has a beta of 0.46, meaning that its stock price is 54% less volatile than the S&P 500.

Summary

Keyera beats Boralex on 10 of the 18 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$3.22BC$1.69BC$16.52BC$6.20B
Dividend Yield2.54%5.75%5.60%6.72%
P/E Ratio45.4011.1020.0850.47
Price / Sales3.39168.6828.891,211.67
Price / Cash6.3642.3619.0583.29
Price / Book1.581.452.154.70
Net IncomeC$71.91MC$289.63MC$751.09MC$301.20M
7 Day Performance-5.92%-0.86%-0.60%1.05%
1 Month Performance-3.76%5.73%1.84%4.15%
1 Year Performance-11.54%15.39%13.15%25.91%

Boralex Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BLX
Boralex
2.9641 of 5 stars
C$30.97
-0.8%
C$39.22
+26.6%
-11.5%C$3.22BC$952.11M45.40180
KEY
Keyera
2.7496 of 5 stars
C$42.59
-0.9%
C$51.27
+20.4%
+12.9%C$9.81BC$7.53B21.9517,500News Coverage
Gap Down
BNC
Purpose Canadian Financial Income Fund Series ETF
N/AC$29.23
+0.2%
N/A+15.9%C$8.87BN/A0.00206,500
HUT
Hut 8
N/AC$28.97
-1.0%
N/A+29.2%C$1.93BC$142.55M7.09219Analyst Revision
SII
Sprott
0.4299 of 5 stars
C$95.84
+1.3%
C$83.00
-13.4%
+58.1%C$1.71BC$114.38M37.35170
WFC
Wall Financial
N/AC$17.00
-2.9%
N/AN/AC$545.63MC$193.65M21.97238,000News Coverage
Gap Down
VBNK
VersaBank
N/AC$15.77
-0.7%
C$19.00
+20.5%
+6.0%C$510.33MC$248.46M10.25100Dividend Announcement
BITF
Bitfarms
2.4174 of 5 stars
C$1.42
+2.9%
C$3.75
+164.1%
-57.6%C$498.02MC$159.92M-3.20110News Coverage
Gap Up
PTS
Points.com
N/AN/AN/AN/AC$480.57MC$432.40M169.26240,000
WED
Westaim
0.0832 of 5 stars
C$30.16
-2.7%
C$7.75
-74.3%
+662.3%C$445.59MC$10.20M68.243,240News Coverage
Positive News
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 7/13/2025 by MarketBeat.com Staff
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