Boralex (BLX) Competitors

C$36.85 0.00 (0.00%)

As of 04:00 PM Eastern

BLX vs. KEY, SII, BITF, 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 Keyera (KEY), Sprott (SII), Bitfarms (BITF), HIVE Digital Technologies (HIVE), and VersaBank (VBNK). 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 stock? We will compare the two companies based on the strength of their earnings, analyst recommendations, media sentiment, institutional ownership, risk, valuation, profitability and dividends.

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Boralex	C$898M	4.22	C$71.91M	-C$0.31	N/A
Keyera	C$6.39B	2.09	C$449.23M	C$0.79	73.86

45.1% of Boralex shares are held by institutional investors. Comparatively, 53.8% 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 endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

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$38.47, indicating a potential upside of 4.39%. Keyera has a consensus price target of C$57.29, indicating a potential downside of 1.82%. Given Boralex's higher possible upside, equities analysts plainly 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

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.

Boralex has a beta of 0.25505, indicating that its share price is 74% less volatile than the broader market. Comparatively, Keyera has a beta of 0.562662, indicating that its share price is 44% less volatile than the broader market.

In the previous week, Keyera had 16 more articles in the media than Boralex. MarketBeat recorded 19 mentions for Keyera and 3 mentions for Boralex. Keyera's average media sentiment score of 0.39 beat Boralex's score of 0.39 indicating that Keyera is being referred to more favorably in the news media.

Company	Overall Sentiment
Boralex	Neutral
Keyera	Neutral

Summary

Keyera beats Boralex on 15 of the 18 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 superior business? We will compare the two companies based on the strength of their analyst recommendations, profitability, valuation, institutional ownership, earnings, dividends, risk and media sentiment.

Sprott has a beta of 1.560976, suggesting that its stock price is 56% more volatile than the broader market. Comparatively, Boralex has a beta of 0.25505, suggesting that its stock price is 74% less volatile than the broader market.

Sprott has a net margin of 22.72% compared to Boralex's net margin of -3.56%. Sprott's return on equity of 24.26% beat Boralex's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Sprott	22.72%	24.26%	10.25%
Boralex	-3.56%	-2.08%	2.54%

Sprott pays an annual dividend of C$1.40 per share and has a dividend yield of 0.8%. 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.

In the previous week, Boralex had 2 more articles in the media than Sprott. MarketBeat recorded 3 mentions for Boralex and 1 mentions for Sprott. Sprott's average media sentiment score of 0.67 beat Boralex's score of 0.39 indicating that Sprott is being referred to more favorably in the media.

Company	Overall Sentiment
Sprott	Positive
Boralex	Neutral

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Sprott	C$368.97M	12.20	C$32.26M	C$3.28	53.21
Boralex	C$898M	4.22	C$71.91M	-C$0.31	N/A

29.9% of Sprott shares are held by institutional investors. Comparatively, 45.1% of Boralex shares are held by institutional investors. 17.7% of Sprott shares are held by insiders. Comparatively, 0.2% of Boralex shares are held by 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.

Sprott currently has a consensus price target of C$211.00, indicating a potential upside of 20.89%. Boralex has a consensus price target of C$38.47, indicating a potential upside of 4.39%. Given Sprott's stronger consensus rating and higher possible upside, 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

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

Boralex currently has a consensus target price of C$38.47, suggesting a potential upside of 4.39%. Given Boralex's stronger consensus rating and higher possible upside, equities 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 beta of 0.25505, indicating that its share price is 74% less volatile than the broader market. Comparatively, Bitfarms has a beta of 3.414688, indicating that its share price is 241% more volatile than the broader market.

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Boralex	C$898M	4.22	C$71.91M	-C$0.31	N/A
Bitfarms	C$229.28M	15.15	-C$110.66M	-C$0.52	N/A

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%

45.1% of Boralex shares are owned by institutional investors. Comparatively, 11.7% of Bitfarms shares are owned by institutional investors. 0.2% of Boralex shares are owned by company insiders. Comparatively, 23.4% of Bitfarms 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.

In the previous week, Boralex had 3 more articles in the media than Bitfarms. MarketBeat recorded 3 mentions for Boralex and 0 mentions for Bitfarms. Boralex's average media sentiment score of 0.39 beat Bitfarms' score of 0.00 indicating that Boralex is being referred to more favorably in the media.

Company	Overall Sentiment
Boralex	Neutral
Bitfarms	Neutral

Summary

Boralex beats Bitfarms on 13 of the 17 factors compared between the two stocks.

How does Boralex compare to HIVE Digital Technologies?

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

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Boralex	C$898M	4.22	C$71.91M	-C$0.31	N/A
HIVE Digital Technologies	C$257.14M	4.04	-C$13.38M	-C$0.77	N/A

45.1% of Boralex shares are held by institutional investors. Comparatively, 15.2% of HIVE Digital Technologies shares are held by institutional investors. 0.2% of Boralex shares are held by insiders. Comparatively, 0.4% of HIVE Digital Technologies 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.

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
Boralex	-3.56%	-2.08%	2.54%
HIVE Digital Technologies	-28.29%	-13.39%	-8.78%

In the previous week, Boralex and Boralex both had 3 articles in the media. HIVE Digital Technologies' average media sentiment score of 0.95 beat Boralex's score of 0.39 indicating that HIVE Digital Technologies is being referred to more favorably in the news media.

Company	Overall Sentiment
Boralex	Neutral
HIVE Digital Technologies	Positive

Boralex has a beta of 0.25505, suggesting that its share price is 74% less volatile than the broader market. Comparatively, HIVE Digital Technologies has a beta of 2.339164, suggesting that its share price is 134% more volatile than the broader market.

Boralex currently has a consensus target price of C$38.47, suggesting a potential upside of 4.39%. Given Boralex's stronger consensus rating and higher possible upside, equities research analysts plainly believe Boralex is more favorable than HIVE Digital Technologies.

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
HIVE Digital Technologies	0 Sell rating(s)	0 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	0.00

Summary

Boralex beats HIVE Digital Technologies on 12 of the 16 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 better stock? We will contrast the two companies based on the strength of their valuation, institutional ownership, risk, earnings, analyst recommendations, dividends, media sentiment and profitability.

VersaBank pays an annual dividend of C$0.10 per share and has a dividend yield of 0.4%. Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 1.8%. VersaBank pays out 10.3% 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 beta of 1.591982, suggesting that its share price is 59% more volatile than the broader market. Comparatively, Boralex has a beta of 0.25505, suggesting that its share price is 74% less volatile than the broader market.

10.5% of VersaBank shares are owned by institutional investors. Comparatively, 45.1% of Boralex shares are owned by institutional investors. 38.8% of VersaBank 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 company will outperform the market over the long term.

VersaBank has a net margin of 10.04% compared to Boralex's net margin of -3.56%. VersaBank's return on equity of 5.89% beat Boralex's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
VersaBank	10.04%	5.89%	1.10%
Boralex	-3.56%	-2.08%	2.54%

VersaBank currently has a consensus price target of C$19.00, suggesting a potential downside of 21.23%. Boralex has a consensus price target of C$38.47, suggesting a potential upside of 4.39%. Given Boralex's higher probable 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)	1 Buy rating(s)	0 Strong Buy rating(s)	3.00
Boralex	1 Sell rating(s)	2 Hold rating(s)	2 Buy rating(s)	1 Strong Buy rating(s)	2.50

In the previous week, Boralex had 3 more articles in the media than VersaBank. MarketBeat recorded 3 mentions for Boralex and 0 mentions for VersaBank. Boralex's average media sentiment score of 0.39 beat VersaBank's score of 0.00 indicating that Boralex is being referred to more favorably in the news media.

Company	Overall Sentiment
VersaBank	Neutral
Boralex	Neutral

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
VersaBank	C$133.33M	5.82	C$49.54M	C$0.97	24.87
Boralex	C$898M	4.22	C$71.91M	-C$0.31	N/A

Summary

Boralex beats VersaBank on 11 of the 19 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.

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.

BLX vs. The Competition

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Metric	Boralex	Utilities Industry	Utilities Sector	TSE Exchange
Market Cap	C$3.79B	C$2.97B	C$19.16B	C$11.94B
Dividend Yield	1.79%	4.99%	3.86%	6.23%
P/E Ratio	-118.87	13.93	20.13	37.44
Price / Sales	4.22	261.74	47.53	11.35
Price / Cash	6.36	40.41	19.43	82.29
Price / Book	1.91	1.62	2.37	4.39
Net Income	C$71.91M	C$267.05M	C$778.83M	C$299.09M
7 Day Performance	-0.19%	2.03%	0.14%	-1.29%
1 Month Performance	0.52%	0.92%	-1.42%	-0.48%
1 Year Performance	19.18%	39.90%	19.14%	52.53%

Boralex Competitors List

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Company	MarketRank	Share Price	Analysts' Price Target	1Y Price Performance	Market Cap	Revenue	P/E Ratio	Employee Count	Indicator(s)
BLX Boralex	1.2341 of 5 stars	C$36.85 flat	C$38.47 +4.4%	+23.8%	C$3.79B	C$898M	N/A	180	Earnings Report Dividend Announcement
KEY Keyera	1.4058 of 5 stars	C$53.41 +1.8%	C$54.08 +1.3%	+36.6%	C$12.25B	C$6.85B	28.26	17,500	Earnings Report Analyst Forecast
SII Sprott	2.78 of 5 stars	C$194.76 -1.3%	C$211.00 +8.3%	+120.2%	C$5.02B	C$368.97M	59.38	170	Dividend Announcement
BITF Bitfarms	N/A	C$5.85 +8.3%	N/A	+276.3%	C$3.53B	C$229.28M	N/A	110	Gap Down High Trading Volume
HIVE HIVE Digital Technologies	N/A	C$4.10 flat	N/A	+42.4%	C$1.04B	C$257.14M	N/A	20	Gap Down

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This page (TSE:BLX) was last updated on 5/20/2026 by MarketBeat.com Staff.

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Boralex (BLX) Competitors