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Boralex Inc. (BLX.TO)
CAD37.06
+0.01 (+0.03%)
CA TSX Utilities Renewable Utilities
Address
36, rue Lajeunesse J0A 1B0
Kingsey Falls, QC, CA
Kingsey Falls, QC, CA
CEO
Patrick Decostre
Website
boralex.com
IPO
1996-08-06
ISIN CA09950M3003
Also trades on
Other OTC · BRLXF (USD)
Toronto Stock Exchange · BLX.TO (CAD)
Description
Boralex Inc. focuses on the entire lifecycle of renewable energy facilities, from their development and construction to ongoing operation, primarily across Canada, France, and the United States. By the end of 2021, its extensive portfolio included 90 wind power installations generating a total of 2,032 megawatts (MW), 16 hydroelectric plants with a combined capacity of 181 MW, and 12 solar energy sites capable of producing 244 MW. The company also operated one thermal power station, contributing 35 MW. Additionally, Boralex oversees the management of two hydroelectric power stations for R.S.P. Énergie Inc. This company was founded in 1982 and its corporate headquarters are located in Kingsey Falls, Canada.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
CAD37.06
+0.01 (+0.03%)
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Volume Profile
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Liquidity & share structure
Average Volume
698.8K
Beta
-0.03
Float Shares
102.35M
Free Float %
99.6%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.11% | +0.16% | +0.60% | +35.27% | +41.50% | +45.52% | +19.21% | -5.49% | +5.89% | +108.96% | +870.00% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Analyst Consensus (2 ratings, all time)
Buy
Price Targets & DCF
Current price
37.06
Ratings Trend (MoM)
29% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 1 | 0 |
| Hold | 3 | -1 |
| Sell | 2 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
0.63
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Renewable Utilities: +1.3%-0.5% Q1'26: +26.5% (vs Q1'25)
-
EPS growth Renewable Utilities: +6.7%-80.5% Q1'26: -130.2% (vs Q1'25)
-
FCF margin FCF growth · Renewable Utilities: +50.4%-2.6% Q1'26: +19.2% (vs Q1'25)
-
EBIT margin Renewable Utilities: +22.3%+22.5% ★ Q1'26: +31.5% (vs Q1'25)
-
ROIC Renewable Utilities: +3.5%+2.6% Q1'26: +3.7% (vs Q1'25)
-
Share dilution Renewable Utilities: +0.0%+0.0% Q1'26: 0.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Renewable Utilities: 3.24×9.73× Q1'26: 6.63× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2009 actual |
Dec 2010 actual |
Dec 2011 actual |
Dec 2012 actual |
Dec 2013 actual |
Dec 2014 actual |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 2 EPS Ana. |
Dec 2027 3 Rev. Ana. 2 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
-10.83M
est: 201.77M (-105.4%)
|
-24.10M
est: 198.89M (-112.1%)
|
194.71M
est: 258.46M (-24.7%)
|
184.29M
est: 184.09M (+0.1%)
|
172.03M
est: 170.79M (+0.7%)
|
195.23M
est: 211.40M (-7.6%)
|
267.69M
est: 272.65M (-1.8%)
|
302.00M
est: 315.70M (-4.3%)
|
419.00M
est: 435.52M (-3.8%)
|
479.00M
est: 503.13M (-4.8%)
|
574.00M
est: 598.42M (-4.1%)
|
633.00M
est: 645.94M (-2.0%)
|
691.00M
est: 691.34M (0.0%)
|
836.00M
est: 722.33M (+15.7%)
|
1.02B
est: 959.00M (+6.6%)
|
853.00M
est: 846.84M (+0.7%)
|
849.00M
est: 899.43M (-5.6%)
|
1.05B
1.03B – 1.06B
+16.6% YoY
|
1.02B
989.15M – 1.04B
-2.5% YoY
|
1.22B
1.21B – 1.22B
+18.9% YoY
|
| EBITDA |
68.79M
est: 58.63M (+17.3%)
|
79.13M
est: 54.22M (+46.0%)
|
103.18M
est: 66.40M (+55.4%)
|
98.25M
est: 41.60M (+136.2%)
|
100.23M
est: 927.8K (+10,703.7%)
|
101.28M
est: -866.4K (+11,788.9%)
|
156.00M
est: -18.83M (+928.4%)
|
180.00M
est: 18.58M (+869.0%)
|
270.00M
est: 38.69M (+597.8%)
|
290.00M
est: 100.77M (+187.8%)
|
328.00M
est: 70.81M (+363.2%)
|
410.00M
est: 80.08M (+412.0%)
|
476.00M
est: 80.06M (+494.5%)
|
406.00M
est: 78.29M (+418.6%)
|
517.00M
est: 558.03M (-7.4%)
|
534.00M
est: 508.38M (+5.0%)
|
512.00M
est: 523.37M (-2.2%)
|
610.33M
600.48M – 615.41M
+16.6% YoY
|
595.01M
575.58M – 605.01M
-2.5% YoY
|
707.43M
703.43M – 711.42M
+18.9% YoY
|
| EBIT |
42.74M
est: 33.28M (+28.4%)
|
38.47M
est: 28.59M (+34.6%)
|
45.34M
est: 13.77M (+229.2%)
|
40.22M
est: -3.63M (+1,207.3%)
|
46.19M
est: 35.72M (+29.3%)
|
40.87M
est: 57.43M (-28.8%)
|
59.00M
est: 61.25M (-3.7%)
|
63.00M
est: 82.77M (-23.9%)
|
97.00M
est: 81.01M (+19.7%)
|
66.00M
est: 113.51M (-41.9%)
|
82.00M
est: 73.17M (+12.1%)
|
173.00M
est: 98.73M (+75.2%)
|
176.00M
est: 98.71M (+78.3%)
|
107.00M
est: 96.53M (+10.9%)
|
219.00M
est: 252.79M (-13.4%)
|
232.00M
est: 230.29M (+0.7%)
|
191.00M
est: 237.08M (-19.4%)
|
276.48M
272.01M – 278.78M
+16.6% YoY
|
269.53M
260.73M – 274.07M
-2.5% YoY
|
320.46M
318.65M – 322.27M
+18.9% YoY
|
| Net Income |
24.44M
est: 21.28M (+14.8%)
|
23.10M
est: 24.05M (-4.0%)
|
2.88M
est: 30.02M (-90.4%)
|
-5.12M
est: 2.07M (-347.6%)
|
-3.84M
est: -4.73M (+18.9%)
|
-11.77M
est: -4.70M (-150.2%)
|
-11.00M
est: -14.80M (+25.7%)
|
-2.00M
est: -14.45M (+86.2%)
|
22.00M
est: -2.42M (+1,009.7%)
|
-30.00M
est: 25.48M (-217.7%)
|
-39.00M
est: -35.40M (-10.2%)
|
55.00M
est: -42.78M (+228.6%)
|
17.00M
est: -42.77M (+139.7%)
|
30.00M
est: 32.00M (-6.3%)
|
78.00M
est: 95.00M (-17.9%)
|
36.00M
est: 97.69M (-63.1%)
|
7.00M
est: 45.29M (-84.5%)
|
64.04M
63.02M – 65.07M
+41.4% YoY
|
113.50M
62.72M – 128.52M
+77.2% YoY
|
93.27M
91.78M – 94.76M
-17.8% YoY
|
| SGA |
20.33M
est: 19.30M (+5.3%)
|
19.02M
est: 20.60M (-7.7%)
|
14.85M
est: 27.29M (-45.6%)
|
16.19M
est: 12.25M (+32.1%)
|
13.21M
est: 15.03M (-12.1%)
|
13.48M
est: 16.34M (-17.5%)
|
18.00M
est: 16.96M (+6.1%)
|
18.00M
est: 23.52M (-23.5%)
|
25.00M
est: 21.77M (+14.9%)
|
31.00M
est: 28.96M (+7.1%)
|
35.00M
est: 36.58M (-4.3%)
|
44.00M
est: 38.40M (+14.6%)
|
37.00M
est: 38.39M (-3.6%)
|
55.00M
est: 37.54M (+46.5%)
|
64.00M
est: 67.80M (-5.6%)
|
75.00M
est: 61.77M (+21.4%)
|
71.00M
est: 63.59M (+11.7%)
|
74.16M
72.96M – 74.77M
+16.6% YoY
|
72.30M
69.93M – 73.51M
-2.5% YoY
|
85.96M
85.47M – 86.44M
+18.9% YoY
|
| EPS |
0.65
est: 0.37 (+75.4%)
|
0.93
est: -0.06 (+1,532.2%)
|
0.08
est: -0.12 (+169.2%)
|
-0.15
est: -0.28 (+45.5%)
|
-0.10
est: -0.11 (+12.0%)
|
-0.31
est: 0.01 (-3,169.3%)
|
-0.21
est: 0.04 (-700.0%)
|
-0.03
est: 0.15 (-120.3%)
|
0.29
est: 0.21 (+40.3%)
|
-0.37
est: -0.19 (-96.5%)
|
-0.43
est: 0.02 (-2,608.3%)
|
0.56
est: 0.71 (-21.1%)
|
0.17
est: 0.37 (-53.6%)
|
0.29
est: 0.51 (-43.3%)
|
0.76
est: 0.92 (-17.8%)
|
0.35
est: 0.96 (-63.4%)
|
0.06
est: 0.44 (-86.5%)
|
0.63
0.61 – 0.63
+41.4% YoY
|
0.93
0.61 – 1.25
+48.6% YoY
|
0.91
0.89 – 0.92
-2.0% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-15 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 |
| 2026-05-14 | C+ | 2/5 | 5/5 | 1/5 | 2/5 | 1/5 | 1/5 | 3/5 |
| 2026-05-13 | C+ | 2/5 | 5/5 | 1/5 | 2/5 | 1/5 | 1/5 | 3/5 |
| 2026-05-12 | C+ | 2/5 | 5/5 | 1/5 | 2/5 | 1/5 | 1/5 | 3/5 |
| 2026-05-11 | C+ | 2/5 | 5/5 | 1/5 | 2/5 | 1/5 | 1/5 | 3/5 |
| 2026-05-08 | C+ | 2/5 | 5/5 | 1/5 | 2/5 | 1/5 | 1/5 | 3/5 |
| 2026-05-07 | C+ | 2/5 | 5/5 | 1/5 | 2/5 | 1/5 | 1/5 | 3/5 |
| 2026-05-06 | C+ | 2/5 | 5/5 | 1/5 | 2/5 | 1/5 | 1/5 | 3/5 |
| 2026-05-05 | C+ | 2/5 | 5/5 | 1/5 | 2/5 | 1/5 | 1/5 | 3/5 |
| 2026-05-04 | C+ | 2/5 | 5/5 | 1/5 | 2/5 | 1/5 | 1/5 | 3/5 |
| 2026-05-01 | B- | 2/5 | 5/5 | 1/5 | 3/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-30 | B- | 2/5 | 5/5 | 1/5 | 3/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-29 | B- | 2/5 | 5/5 | 1/5 | 3/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-28 | B- | 2/5 | 5/5 | 1/5 | 3/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-27 | B- | 2/5 | 5/5 | 1/5 | 3/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-24 | B- | 3/5 | 5/5 | 1/5 | 4/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-23 | B- | 3/5 | 5/5 | 1/5 | 4/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-22 | B- | 3/5 | 5/5 | 1/5 | 4/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-21 | B- | 3/5 | 5/5 | 1/5 | 4/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-20 | B- | 3/5 | 5/5 | 1/5 | 4/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-17 | B- | 3/5 | 5/5 | 1/5 | 4/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-16 | B- | 3/5 | 5/5 | 1/5 | 4/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-15 | B- | 3/5 | 5/5 | 1/5 | 4/5 | 1/5 | 1/5 | 3/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
317.82M
OE per share TTM
3.09
Owner's Yield
8.39%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
486.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
232.4K
Shares Outstanding
102.76M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Patrick Decostre | President, Chief Executive Officer & Director | 1M | male |
| Pascal Hurtubise | Executive Vice President & Chief Legal Officer | 539.9K | male |
| Stéphane Milot | Vice President of Investor Relations and Financial Planning & Analysis | 499.7K | male |
| Julie Cusson | Senior Vice President of Synergies & Special Projects | — | female |
| Marie-Josée Arsenault | Executive Vice President and Chief People & Culture Officer | — | female |
| Nicolas Mabboux | Senior Vice President of IT and Digital Transformation | — | male |
| Isabelle Fontaine | Senior Vice President of Marketing, Public Affairs & Corporate Communications | — | female |
| Pascal Laprise-Demers | Senior Vice President of Corporate Strategy & Business Performance | — | male |
| Eric Cantin | Vice President of Corporate Finance | — | — |
| Philippe Bonin | Executive VP & CFO | — | male |
| Rabindra Nath Mishra | Deputy Managing Director of Development Europe | — | male |
| Adam Rosso | Senior Vice President of Development of North America | — | — |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
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Community Opinion for BLX.TO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
