Boralex (BLX) Stock Overview
Engages in the developing, building, and operating power generating and storage facilities in Canada, France, the United States, and the United Kingdom. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
BLX Community Fair Values
Create NarrativeSee what 49 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Boralex Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$36.87 |
| 52 Week High | CA$37.05 |
| 52 Week Low | CA$23.48 |
| Beta | -0.049 |
| 1 Month Change | -0.027% |
| 3 Month Change | 36.10% |
| 1 Year Change | 15.29% |
| 3 Year Change | -4.01% |
| 5 Year Change | -1.60% |
| Change since IPO | 883.20% |
Recent News & Updates
Recent updates
Narrative Update • May 23
BLX: Pending Take Private Deal And Mixed Ratings Will Shape Returns
Analysts have nudged the fair value estimate for Boralex higher to CA$36.88 from CA$36.43, reflecting mixed research updates that include both target cuts related to the pending Brookfield Renewables take private transaction and price target increases from other firms. Analyst Commentary Recent research updates around Boralex cluster around the pending take private transaction with Brookfield Renewables, which is influencing both ratings and price targets.Narrative Update • Apr 26
BLX: Possible Go Private And Split Outlook Will Shape Future Returns
Narrative Update on Boralex Boralex's updated analyst price target has moved by about CA$0.71 per share. This reflects mixed recent Street research, where some analysts raised their targets while others trimmed them or adjusted ratings, and is supported by revised assumptions for fair value, discount rate, revenue growth, profit margin and future P/E expectations.Narrative Update • Apr 10
BLX: Possible Take Private And Mixed Outlook May Support Steady Returns
Boralex's analyst price target has shifted to CA$35.72 from CA$34.00, reflecting mixed but generally supportive views from recent research, as analysts balance updated expectations for growth, margins, and future P/E against a cluster of revised CA$35 to CA$41 targets. Analyst Commentary Bullish Takeaways Bullish analysts raising their price targets by more than CA$6 suggest they see room for upside against the current CA$35.72 consensus, even after recent revisions.Narrative Update • Mar 25
BLX: Battery Storage Scale And Possible Take Private May Support Steady Returns
Analysts have trimmed their price target for Boralex from CA$36 to CA$35, citing updated assumptions around discount rates and valuation multiples, while keeping core growth and margin expectations broadly consistent. Analyst Commentary Recent research indicates that the slight reduction in the price target to CA$35 is driven more by updated assumptions around discount rates and valuation multiples than by changes to the underlying business outlook.Narrative Update • Mar 11
BLX: Growing Battery Storage Portfolio Will Support Long Term Upside
Analysts have trimmed their price target on Boralex to CA$35 from CA$36, reflecting updated views on fair value, discount rates, revenue growth, profit margins, and future P/E assumptions. Analyst Commentary Recent research maintains a positive stance on Boralex while trimming the price target to CA$35 from CA$36.Narrative Update • Feb 24
BLX: Expanding Storage Capacity Will Drive Future Upside Potential
Analysts have maintained their fair value estimate for Boralex at CA$35.00, with only minor model adjustments to the discount rate, revenue growth, profit margin and future P/E inputs supporting this unchanged price target. What's in the News Boralex announced that the consented Sallachy Wind Farm in Scotland has secured a Contract for Difference in the United Kingdom Government's seventh allocation round, with expected installed capacity of 44 MW and planned commissioning in 2028, aligning with Scotland's onshore wind targets (Client Announcements).Narrative Update • Feb 10
BLX: Growing Storage Portfolio And New Wind Approval Will Support Upside
Analysts have kept their fair value estimate for Boralex steady at $35.00, with only small adjustments to assumptions such as discount rate, profit margin and future P/E contributing to the latest price target update. What's in the News Boralex and Walpole Island First Nation commissioned the Sanjgon Battery Energy Storage facility in Lakeshore, Ontario, an 80 MW / 320 MWh site that is the company’s first operational energy storage facility in North America and can deliver four hours of full-power output to the grid (Key Developments).Analysis Article • Feb 08
Sentiment Still Eluding Boralex Inc. (TSE:BLX)
With a median price-to-sales (or "P/S") ratio of close to 2.9x in the Renewable Energy industry in Canada, you could be...Narrative Update • Jan 26
BLX: Storage Expansion And New Wind Projects Will Support Future Momentum
Analysts have trimmed their price target on Boralex to C$35.00 from C$35.60, reflecting updated assumptions on growth, margins and future P/E that are broadly consistent with the recent reduction in the Street target to C$36 from C$38. Analyst Commentary Recent Street adjustments on Boralex have been relatively measured, with price targets nudged lower but ratings held steady.Narrative Update • Jan 12
BLX: Storage And Wind Projects Will Support Long Term Power Momentum
Analysts have kept their fair value view on Boralex steady at about C$35.60, while Street price targets have shifted modestly, with one moving down to C$36 and another up to C$39, citing mixed expectations for Q3 power generation and pricing against a backdrop of more volatile markets and credit spreads. Analyst Commentary Recent Street research on Boralex points to a split view, with some analysts leaning more optimistic on upside potential and others taking a more cautious stance as they reassess price targets around the mid C$30s.Narrative Update • Dec 25
BLX: Québec Wind And Battery Projects Will Drive Long Term Power Momentum
Analysts have trimmed their average price target on Boralex by about C$1 to approximately C$36. This reflects a modestly lower fair value and a slightly higher discount rate, even as they still see solid long term growth potential for power producers relative to regulated utilities.Narrative Update • Dec 11
BLX: Québec Wind Expansion Will Drive Long Term Power Segment Momentum
Analysts have nudged their consolidated price target for Boralex slightly lower to about C$36.40 from roughly C$36.90, balancing a recent C$2 cut to C$36 with a C$1 increase to C$39 as they factor in softer power-generation trends, muted realized pricing, and only modest adjustments to long term growth and valuation assumptions. Analyst Commentary Street research on Boralex reflects a mixed but generally constructive stance, with some trimming of expectations but continued confidence in the company’s long term growth profile and relative valuation upside within the power space.Narrative Update • Nov 27
BLX: Upcoming Québec Wind Project Will Support Power Segment Momentum
Analysts have adjusted their price targets for Boralex, with recent research reflecting both upward and downward revisions between C$36 and C$39. The changes are attributed to a mix of softer sector trends as well as expectations for regulated utility performance.Narrative Update • Nov 11
BLX: Upcoming Commercial Operation In Québec Will Drive Sector Momentum
Analysts have revised Boralex's price target downward from C$38.10 to C$36.90, citing a modest increase in the discount rate, tempered fair value estimates, ongoing sector volatility, and shifting growth expectations. Analyst Commentary Recent analyst updates highlight a range of perspectives on Boralex's current valuation and future trajectory.Analysis Article • Oct 04
Boralex (TSE:BLX) Might Be Having Difficulty Using Its Capital Effectively
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...Analysis Article • Sep 09
Why Investors Shouldn't Be Surprised By Boralex Inc.'s (TSE:BLX) P/S
When you see that almost half of the companies in the Renewable Energy industry in Canada have price-to-sales ratios...Analysis Article • Jul 05
Boralex (TSE:BLX) Will Want To Turn Around Its Return Trends
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...Analysis Article • Jun 17
Is Boralex (TSE:BLX) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • May 22
We Think You Can Look Beyond Boralex's (TSE:BLX) Lackluster Earnings
Boralex Inc.'s ( TSE:BLX ) earnings announcement last week didn't impress shareholders. While the headline numbers were...Analysis Article • Feb 21
Boralex's (TSE:BLX) Returns On Capital Are Heading Higher
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
New Narrative • Jan 30
New Projects And Partnerships Will Expand Renewable Capacity Amid Great British Energy Support
Expansion through new projects in Quebec, Scotland, and Ontario is expected to drive future revenue growth and enhanced risk management.Analysis Article • Jan 27
Boralex Inc.'s (TSE:BLX) P/E Still Appears To Be Reasonable
When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") below 14x, you may consider...Analysis Article • Jan 09
Is Boralex (TSE:BLX) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Oct 22
We Ran A Stock Scan For Earnings Growth And Boralex (TSE:BLX) Passed With Ease
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Oct 04
Boralex Inc.'s (TSE:BLX) P/E Still Appears To Be Reasonable
When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") below 15x, you may consider...Analysis Article • Sep 19
Boralex (TSE:BLX) Is Doing The Right Things To Multiply Its Share Price
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...Analysis Article • Sep 04
We Think Boralex (TSE:BLX) Is Taking Some Risk With Its Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Jun 09
Returns Are Gaining Momentum At Boralex (TSE:BLX)
There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...Analysis Article • Apr 09
Boralex Inc.'s (TSE:BLX) Popularity With Investors Is Clear
Boralex Inc.'s ( TSE:BLX ) price-to-earnings (or "P/E") ratio of 36.9x might make it look like a strong sell right now...Analysis Article • Feb 13
Boralex (TSE:BLX) Takes On Some Risk With Its Use Of Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Dec 02
Boralex (TSE:BLX) Is Experiencing Growth In Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...Analysis Article • Nov 02
Here's Why Boralex (TSE:BLX) Is Weighed Down By Its Debt Load
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Shareholder Returns
| BLX | CA Renewable Energy | CA Market | |
|---|---|---|---|
| 7D | -0.05% | 4.7% | -0.4% |
| 1Y | 15.3% | 41.6% | 32.1% |
Return vs Industry: BLX underperformed the Canadian Renewable Energy industry which returned 41.6% over the past year.
Return vs Market: BLX underperformed the Canadian Market which returned 32.1% over the past year.
Price Volatility
| BLX volatility | |
|---|---|
| BLX Average Weekly Movement | 4.6% |
| Renewable Energy Industry Average Movement | 4.4% |
| Market Average Movement | 10.1% |
| 10% most volatile stocks in CA Market | 17.6% |
| 10% least volatile stocks in CA Market | 3.8% |
Stable Share Price: BLX has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: BLX's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1982 | 868 | Patrick Decostre | www.boralex.com |
Boralex Inc., together with its subsidiaries, engages in the developing, building, and operating power generating and storage facilities in Canada, France, the United States, and the United Kingdom. The company generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2025, the company operates 107 wind farms; 13 solar power stations; 15 hydroelectric power stations; and 4 battery energy storage systems with an installed capacity of 2,299 megawatts (MW) in North America and 1,484 MW in Europe.
Boralex Inc. Fundamentals Summary
| BLX fundamental statistics | |
|---|---|
| Market cap | CA$3.80b |
| Earnings (TTM) | -CA$32.00m |
| Revenue (TTM) | CA$898.00m |
4.2x
P/S Ratio-118.4x
P/E RatioIs BLX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BLX income statement (TTM) | |
|---|---|
| Revenue | CA$898.00m |
| Cost of Revenue | CA$219.00m |
| Gross Profit | CA$679.00m |
| Other Expenses | CA$711.00m |
| Earnings | -CA$32.00m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.31 |
| Gross Margin | 75.61% |
| Net Profit Margin | -3.56% |
| Debt/Equity Ratio | 220.8% |
How did BLX perform over the long term?
See historical performance and comparisonDividends
1.8%
Current Dividend Yield-212%
Payout RatioDoes BLX pay a reliable dividends?
See BLX dividend history and benchmarks| Boralex dividend dates | |
|---|---|
| Ex Dividend Date | May 29 2026 |
| Dividend Pay Date | Jun 15 2026 |
| Days until Ex dividend | 5 days |
| Days until Dividend pay date | 12 days |
Does BLX pay a reliable dividends?
See BLX dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/02 21:26 |
| End of Day Share Price | 2026/06/02 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Boralex Inc. is covered by 18 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Westby | ATB Cormark |
| Nicholas Boychuk | ATB Cormark Historical (Cormark Securities) |
| Benjamin Pham | BMO Capital Markets Equity Research |