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Boralex (BLX) Competitors

Boralex logo
C$36.80 -0.01 (-0.03%)
As of 04:00 PM Eastern

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

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 Keyera (KEY), Purpose Canadian Financial Income Fund Series ETF (BNC), Sprott (SII), Bitfarms (BITF), and HIVE Digital Technologies (HIVE). These companies are all part of the "banking" industry.

How does Boralex compare to Keyera?

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

Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 1.8%. Keyera pays an annual dividend of C$2.14 per share and has a dividend yield of 3.7%. Boralex pays out -212.9% of its earnings in the form of a dividend. Keyera pays out 270.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

In the previous week, Boralex had 1 more articles in the media than Keyera. MarketBeat recorded 3 mentions for Boralex and 2 mentions for Keyera. Boralex's average media sentiment score of 0.22 beat Keyera's score of 0.00 indicating that Boralex is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Boralex
0 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Keyera
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 beta of 0.184176, meaning that its share price is 82% less volatile than the broader market. Comparatively, Keyera has a beta of 0.466346, meaning that its share price is 53% less volatile than the broader market.

42.3% of Boralex shares are held by institutional investors. Comparatively, 57.3% of Keyera shares are held by institutional investors. 0.2% of Boralex shares are held by insiders. Comparatively, 0.4% of Keyera shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
BoralexC$898M4.21C$71.91M-C$0.31N/A
KeyeraC$6.39B2.06C$449.23MC$0.7972.63

Keyera has a net margin of 2.73% compared to Boralex's net margin of -3.56%. Keyera's return on equity of 6.59% beat Boralex's return on equity.

Company Net Margins Return on Equity Return on Assets
Boralex-3.56% -2.08% 2.54%
Keyera 2.73%6.59%6.15%

Boralex presently has a consensus price target of C$38.39, suggesting a potential upside of 4.33%. Keyera has a consensus price target of C$58.29, suggesting a potential upside of 1.58%. Given Boralex's higher probable upside, research analysts clearly believe Boralex is more favorable than Keyera.

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
Keyera
0 Sell rating(s)
4 Hold rating(s)
10 Buy rating(s)
1 Strong Buy rating(s)
2.80

Summary

Keyera beats Boralex on 13 of the 18 factors compared between the two stocks.

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 compare the two companies based on the strength of their dividends, media sentiment, institutional ownership, profitability, earnings, analyst recommendations, valuation and risk.

0.0% of Purpose Canadian Financial Income Fund Series ETF shares are held by institutional investors. Comparatively, 42.3% 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 endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

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$898M4.21C$71.91M-C$0.31N/A

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%

Purpose Canadian Financial Income Fund Series ETF has a beta of 1.04, meaning that its share price is 4% more volatile than the broader market. Comparatively, Boralex has a beta of 0.184176, meaning that its share price is 82% less volatile than the broader market.

Purpose Canadian Financial Income Fund Series ETF pays an annual dividend of C$1.07 per share and has a dividend yield of 2.7%. 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.

In the previous week, Boralex had 3 more articles in the media than Purpose Canadian Financial Income Fund Series ETF. MarketBeat recorded 3 mentions for Boralex and 0 mentions for Purpose Canadian Financial Income Fund Series ETF. Boralex's average media sentiment score of 0.22 beat Purpose Canadian Financial Income Fund Series ETF's score of 0.00 indicating that Boralex is being referred to more favorably in the news media.

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

Boralex has a consensus target price of C$38.39, suggesting a potential upside of 4.33%. 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

Summary

Boralex beats Purpose Canadian Financial Income Fund Series ETF on 11 of the 15 factors compared between the two stocks.

How does Boralex compare to Sprott?

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

In the previous week, Boralex had 1 more articles in the media than Sprott. MarketBeat recorded 3 mentions for Boralex and 2 mentions for Sprott. Sprott's average media sentiment score of 0.75 beat Boralex's score of 0.22 indicating that Sprott is being referred to more favorably in the media.

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

Sprott currently has a consensus price target of C$211.00, suggesting a potential upside of 28.24%. Boralex has a consensus price target of C$38.39, suggesting a potential upside of 4.33%. Given Sprott's stronger consensus rating and higher probable upside, equities research analysts clearly believe Sprott is more favorable than Boralex.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Sprott
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60
Boralex
1 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.50

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

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
Sprott22.40% 23.54% 10.25%
Boralex -3.56%-2.08%2.54%

Sprott has a beta of 1.474419, indicating that its stock price is 47% 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.

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
SprottC$368.97M11.50C$32.26MC$3.2850.16
BoralexC$898M4.21C$71.91M-C$0.31N/A

29.9% of Sprott shares are held by institutional investors. Comparatively, 42.3% of Boralex shares are held by institutional investors. 17.7% of Sprott shares are held by company insiders. Comparatively, 0.2% of Boralex shares are held 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.

Summary

Sprott beats Boralex on 12 of the 19 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 stock? We will compare the two businesses based on the strength of their earnings, analyst recommendations, valuation, media sentiment, institutional ownership, dividends, profitability and risk.

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.

42.3% 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 insiders. Comparatively, 23.4% of Bitfarms shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Boralex presently has a consensus price target of C$38.39, indicating a potential upside of 4.33%. Given Boralex's stronger consensus rating and higher probable upside, research analysts clearly 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 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%

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$898M4.21C$71.91M-C$0.31N/A
BitfarmsC$229.28M21.67-C$110.66M-C$0.52N/A

In the previous week, Boralex had 2 more articles in the media than Bitfarms. MarketBeat recorded 3 mentions for Boralex and 1 mentions for Bitfarms. Boralex's average media sentiment score of 0.22 beat Bitfarms' score of 0.00 indicating that Boralex is being referred to more favorably in the media.

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

Summary

Boralex beats Bitfarms on 13 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 superior stock? We will compare the two businesses based on the strength of their profitability, institutional ownership, earnings, risk, dividends, valuation, analyst recommendations and media sentiment.

15.2% of HIVE Digital Technologies shares are held by institutional investors. Comparatively, 42.3% of Boralex shares are held by institutional investors. 0.4% of HIVE Digital Technologies shares are held by insiders. Comparatively, 0.2% of Boralex shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

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

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$898M4.21C$71.91M-C$0.31N/A

Boralex has a net margin of -3.56% compared to HIVE Digital Technologies' net margin of -28.29%. 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-28.29% -13.39% -8.78%
Boralex -3.56%-2.08%2.54%

In the previous week, HIVE Digital Technologies and HIVE Digital Technologies both had 3 articles in the media. HIVE Digital Technologies' average media sentiment score of 0.43 beat Boralex's score of 0.22 indicating that HIVE Digital Technologies is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
HIVE Digital Technologies
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Boralex
0 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Boralex has a consensus price target of C$38.39, suggesting a potential upside of 4.33%. 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

Summary

Boralex beats HIVE Digital Technologies on 12 of the 16 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$3.78BC$4.42BC$18.50BC$12.74B
Dividend Yield1.79%4.91%3.97%6.20%
P/E Ratio-118.7113.7820.1336.68
Price / Sales4.21194.8242.9510.18
Price / Cash6.3640.4019.2282.29
Price / Book1.901.612.444.38
Net IncomeC$71.91MC$267.05MC$785.96MC$299.09M
7 Day Performance-0.19%-1.64%-0.87%-3.38%
1 Month Performance0.08%3.59%-0.64%-2.14%
1 Year Performance15.69%32.07%16.14%41.48%

Boralex Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BLX
Boralex
1.1639 of 5 stars
C$36.80
0.0%
C$38.39
+4.3%
+15.6%C$3.78BC$898MN/A180
KEY
Keyera
1.1784 of 5 stars
C$57.20
+0.0%
C$58.29
+1.9%
+37.1%C$13.12BC$6.39B72.4117,500
BNC
Purpose Canadian Financial Income Fund Series ETF
N/AC$38.61
-0.9%
N/A+39.2%C$5.49BN/AN/A206,500
SII
Sprott
3.0983 of 5 stars
C$183.65
+1.2%
C$211.00
+14.9%
+99.5%C$4.74BC$368.97M55.99170
BITF
Bitfarms
N/AC$8.43
+7.4%
N/A+575.4%C$1.66BC$229.28MN/A110

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This page (TSE:BLX) was last updated on 6/9/2026 by MarketBeat.com Staff.
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