BLX vs. INE, BEPC, AQN, NPI, TA, SPB, ACO.X, CPX, BIPC, and CU
Should you be buying Boralex stock or one of its competitors? The main competitors of Boralex include Innergex Renewable Energy (INE), Brookfield Renewable (BEPC), Algonquin Power & Utilities (AQN), Northland Power (NPI), TransAlta (TA), Superior Plus (SPB), ATCO (ACO.X), Capital Power (CPX), Brookfield Infrastructure (BIPC), and Canadian Utilities (CU). These companies are all part of the "utilities" sector.
Innergex Renewable Energy (TSE:INE) and Boralex (TSE:BLX) are both utilities companies, but which is the superior investment? We will contrast the two companies based on the strength of their community ranking, risk, dividends, earnings, profitability, valuation, media sentiment, institutional ownership and analyst recommendations.
Boralex has lower revenue, but higher earnings than Innergex Renewable Energy. Innergex Renewable Energy is trading at a lower price-to-earnings ratio than Boralex, indicating that it is currently the more affordable of the two stocks.
Boralex received 77 more outperform votes than Innergex Renewable Energy when rated by MarketBeat users. Likewise, 63.14% of users gave Boralex an outperform vote while only 57.33% of users gave Innergex Renewable Energy an outperform vote.
In the previous week, Boralex had 10 more articles in the media than Innergex Renewable Energy. MarketBeat recorded 11 mentions for Boralex and 1 mentions for Innergex Renewable Energy. Boralex's average media sentiment score of 1.65 beat Innergex Renewable Energy's score of -0.37 indicating that Innergex Renewable Energy is being referred to more favorably in the media.
40.8% of Innergex Renewable Energy shares are owned by institutional investors. Comparatively, 60.3% of Boralex shares are owned by institutional investors. 20.4% of Innergex Renewable Energy 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, hedge funds and endowments believe a stock is poised for long-term growth.
Innergex Renewable Energy has a beta of 0.35, suggesting that its share price is 65% less volatile than the S&P 500. Comparatively, Boralex has a beta of 0.41, suggesting that its share price is 59% less volatile than the S&P 500.
Innergex Renewable Energy pays an annual dividend of C$0.36 per share and has a dividend yield of 4.4%. Boralex pays an annual dividend of C$0.66 per share and has a dividend yield of 2.4%. Innergex Renewable Energy pays out -70.6% of its earnings in the form of a dividend. Boralex pays out 86.8% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Innergex Renewable Energy is clearly the better dividend stock, given its higher yield and lower payout ratio.
Boralex has a net margin of 7.63% compared to Boralex's net margin of -9.45%. Innergex Renewable Energy's return on equity of 5.68% beat Boralex's return on equity.
Innergex Renewable Energy presently has a consensus price target of C$13.36, indicating a potential upside of 64.75%. Boralex has a consensus price target of C$40.50, indicating a potential upside of 46.90%. Given Boralex's higher probable upside, analysts clearly believe Innergex Renewable Energy is more favorable than Boralex.
Summary
Boralex beats Innergex Renewable Energy on 14 of the 21 factors compared between the two stocks.
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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.
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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