Boralex (BLX.TO) Stock Price

Boralex Price

TSX·CLOSED
37.08CAD-0.05 (-0.13 %)
Market closed

Revenue has compounded at 10.2% per year over the past 19 years to 853.00 M CAD. Earnings per share have declined at 3.6% per year over the last 19 years. Boralex's net margin stands at 4.2%, down from 8.7% several years earlier. Boralex currently offers a dividend yield of about 1.78%. The payout ratio is around 141% of earnings. The dividend has grown at 2.4% per year over the past 10 years. Analysts set a median price target of 35.70 CAD, implying 3.7% below the current price. Of 12 analysts, 9 rate the stock a buy — an overall Buy consensus. The stock trades about 55% above its 52-week low.

Boralex stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Boralex over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Boralex stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Boralex's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Boralex Stock Price History
DateBoralex Price
7/31/202637.08 CAD
7/30/202637.13 CAD
7/29/202637.04 CAD
7/27/202637.09 CAD
7/23/202637.08 CAD
7/22/202637.00 CAD
7/21/202637.00 CAD
7/20/202637.04 CAD
7/17/202637.03 CAD
7/16/202637.01 CAD
7/15/202637.01 CAD
7/14/202637.02 CAD
7/13/202637.07 CAD
7/10/202637.04 CAD
7/9/202637.00 CAD
7/8/202637.00 CAD
7/7/202637.00 CAD
7/6/202637.00 CAD
7/3/202637.03 CAD
7/2/202637.00 CAD
6/30/202637.00 CAD
6/29/202636.99 CAD
6/26/202636.98 CAD
6/25/202636.92 CAD
6/24/202637.04 CAD
6/23/202636.95 CAD
6/22/202636.90 CAD
6/19/202636.87 CAD
6/18/202636.88 CAD
6/17/202636.89 CAD
6/16/202636.86 CAD
6/15/202636.83 CAD
6/12/202636.82 CAD
6/11/202636.80 CAD
6/10/202636.81 CAD
6/9/202636.80 CAD
6/8/202636.81 CAD
6/5/202636.83 CAD
6/4/202636.87 CAD
6/3/202636.91 CAD
6/2/202636.88 CAD
6/1/202636.91 CAD
5/29/202636.87 CAD
5/28/202636.96 CAD
5/27/202637.00 CAD
5/26/202636.88 CAD
5/25/202636.90 CAD
5/22/202636.89 CAD
5/21/202636.88 CAD
5/20/202636.85 CAD
5/19/202636.85 CAD
5/15/202636.86 CAD
5/14/202636.82 CAD
5/13/202636.92 CAD
5/12/202636.81 CAD
5/11/202636.81 CAD
5/8/202636.77 CAD
5/7/202636.79 CAD
5/6/202636.77 CAD
5/5/202636.78 CAD
5/4/202636.74 CAD
5/1/202636.88 CAD
4/30/202636.76 CAD
4/29/202636.78 CAD
4/28/202636.73 CAD
4/27/202636.76 CAD
4/24/202636.77 CAD
4/23/202636.80 CAD
4/22/202636.81 CAD
4/21/202636.75 CAD
4/20/202636.66 CAD
4/17/202636.64 CAD
4/16/202636.75 CAD
4/15/202636.79 CAD
4/14/202636.75 CAD
4/13/202636.81 CAD
4/10/202636.72 CAD
4/9/202636.65 CAD
4/8/202636.68 CAD
4/7/202636.75 CAD
4/6/202636.75 CAD
4/2/202636.60 CAD
4/1/202636.58 CAD
3/31/202636.64 CAD
3/30/202636.65 CAD
3/27/202636.70 CAD
3/26/202636.62 CAD
3/25/202636.62 CAD
3/24/202633.00 CAD
3/23/202630.70 CAD
3/20/202628.26 CAD
3/19/202628.65 CAD
3/18/202628.79 CAD
3/17/202628.79 CAD
3/16/202627.69 CAD
3/13/202626.97 CAD
3/12/202627.28 CAD
3/11/202627.34 CAD
3/10/202627.40 CAD
3/9/202627.26 CAD
3/6/202627.05 CAD
3/5/202627.08 CAD
3/4/202627.09 CAD
3/3/202626.92 CAD
3/2/202627.23 CAD
2/27/202627.76 CAD
2/26/202627.47 CAD
2/25/202626.97 CAD
2/24/202627.24 CAD
2/23/202627.18 CAD
2/20/202626.62 CAD
2/19/202626.70 CAD
2/18/202626.84 CAD
2/17/202627.25 CAD
2/13/202627.52 CAD
2/12/202626.78 CAD
2/11/202626.92 CAD
2/10/202626.78 CAD
2/9/202626.88 CAD
2/6/202627.21 CAD
2/5/202626.00 CAD
2/4/202626.37 CAD
2/3/202625.76 CAD
2/2/202625.55 CAD
1/30/202625.25 CAD
1/29/202625.00 CAD
1/28/202625.75 CAD
1/27/202626.13 CAD
1/26/202625.75 CAD
1/23/202625.82 CAD
1/22/202625.71 CAD
1/21/202625.84 CAD
1/20/202626.81 CAD
1/19/202626.96 CAD
1/16/202626.88 CAD
1/15/202626.65 CAD
1/14/202625.78 CAD
1/13/202626.73 CAD
1/12/202626.40 CAD
1/9/202625.99 CAD
1/8/202625.62 CAD
1/7/202626.60 CAD
1/6/202626.66 CAD
1/5/202625.62 CAD
1/2/202626.18 CAD
12/31/202525.33 CAD
12/30/202525.15 CAD
12/29/202525.36 CAD
12/24/202525.53 CAD
12/23/202525.23 CAD
12/22/202525.30 CAD
12/19/202525.25 CAD
12/18/202525.32 CAD
12/17/202524.99 CAD
12/16/202525.29 CAD
12/15/202525.15 CAD
12/12/202524.83 CAD
12/11/202524.71 CAD
12/10/202524.42 CAD
12/9/202524.01 CAD
12/8/202523.88 CAD
12/5/202524.41 CAD
12/4/202524.39 CAD
12/3/202524.36 CAD
12/2/202523.97 CAD
12/1/202524.48 CAD
11/28/202524.96 CAD
11/27/202524.73 CAD
11/26/202524.54 CAD
11/25/202524.99 CAD
11/24/202524.63 CAD
11/21/202524.85 CAD
11/20/202524.36 CAD
11/19/202525.75 CAD
11/18/202525.48 CAD
11/17/202526.05 CAD
11/14/202526.62 CAD
11/13/202527.31 CAD
11/12/202528.27 CAD
11/11/202528.17 CAD
11/10/202528.41 CAD
11/7/202528.63 CAD
11/6/202528.07 CAD
11/5/202527.75 CAD
11/4/202528.08 CAD
11/3/202527.95 CAD
10/31/202528.16 CAD
10/30/202528.16 CAD
10/29/202528.29 CAD
10/28/202528.57 CAD
10/27/202528.05 CAD
10/24/202527.73 CAD
10/23/202527.80 CAD
10/22/202528.25 CAD
10/21/202527.96 CAD
10/20/202527.99 CAD
10/17/202528.46 CAD
10/16/202528.99 CAD
10/15/202528.54 CAD
10/14/202528.34 CAD
10/10/202527.75 CAD
10/9/202527.76 CAD
10/8/202527.93 CAD
10/7/202528.36 CAD
10/6/202528.15 CAD
10/3/202528.24 CAD
10/2/202527.34 CAD
10/1/202527.64 CAD
9/30/202527.17 CAD
9/29/202527.15 CAD
9/26/202527.33 CAD
9/25/202527.84 CAD
9/24/202527.88 CAD
9/23/202527.51 CAD
9/22/202527.27 CAD
9/19/202526.98 CAD
9/18/202526.95 CAD
9/17/202526.74 CAD
9/16/202526.95 CAD
9/15/202527.05 CAD
9/12/202527.09 CAD
9/11/202527.42 CAD
9/10/202527.86 CAD
9/9/202527.88 CAD
9/8/202527.85 CAD
9/5/202528.15 CAD
9/4/202528.00 CAD
9/3/202527.90 CAD
9/2/202528.11 CAD
8/29/202528.88 CAD
8/28/202529.10 CAD
8/27/202529.29 CAD
8/26/202529.26 CAD
8/25/202529.53 CAD
8/22/202529.76 CAD
8/21/202529.56 CAD
8/20/202529.70 CAD
8/19/202530.32 CAD
8/18/202530.43 CAD
8/15/202529.73 CAD
8/14/202529.69 CAD
8/13/202529.53 CAD
8/12/202529.64 CAD
8/11/202529.54 CAD
8/8/202529.01 CAD
8/7/202530.61 CAD
8/6/202530.73 CAD
8/5/202530.57 CAD
Access this data via the Eulerpool API

Boralex Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
691.00 M CAD
186.00 M CAD
17.00 M CAD
Jan 1, 2022
836.00 M CAD
197.00 M CAD
30.00 M CAD
Jan 1, 2023
1.02 B CAD
246.00 M CAD
78.00 M CAD
Jan 1, 2024
853.00 M CAD
231.00 M CAD
36.00 M CAD
Jan 1, 2025 (e)
899.43 M CAD
237.08 M CAD
45.61 M CAD
Jan 1, 2026 (e)
1.08 B CAD
283.52 M CAD
69.81 M CAD
Jan 1, 2027 (e)
972.30 M CAD
256.29 M CAD
110.59 M CAD
Jan 1, 2028 (e)
1.22 B CAD
320.46 M CAD
127.23 M CAD

Boralex Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 3, 2026, 7:15 PM
 
REVENUEB CAD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM CAD
EBITM CAD
EBIT MARGIN%
NET INCOMEM CAD
NET INCOME GROWTH%
DIV.CAD
DIV. GROWTH%
SHARESM
2013201420152016201720182019202020212022202320242025e2026e2027e2028e
0.170.200.270.300.420.480.570.630.690.841.020.850.901.080.971.22
-6.5213.3736.9213.1138.7414.3219.8310.289.1620.9822.25-16.545.3919.58-9.5825.00
68.0266.6770.7971.1974.2272.2377.8776.1577.8669.1462.8276.7976.7976.7976.7976.79
117.00130.00189.00215.00311.00346.00447.00482.00538.00578.00642.00655.00690.32825.47746.38932.97
46.0048.0064.0067.0098.0082.00145.00179.00186.00197.00246.00231.00237.00283.00256.00320.00
26.7424.6223.9722.1923.3917.1225.2628.2826.9223.5624.0727.0826.3626.3326.3426.34
-3.00-11.00-10.00-2.0022.00-30.00-39.0055.0017.0030.0078.0036.0045.0069.00110.00127.00
-40.00266.67-9.09-80.00-1,200.00-236.3630.00-241.03-69.0976.47160.00-53.8525.0053.3359.4215.45
0.520.520.550.600.630.660.660.660.660.660.660.660.660.66
5.779.095.004.76
37.7038.3052.4065.2075.4080.1090.6098.50102.77102.79103.00103.00103.00103.00103.00103.00
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Boralex generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Boralex retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Boralex's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Boralex has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Boralex's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Boralex stock margins

The Boralex margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Boralex. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Boralex.
  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2020
76.15 %
28.28 %
8.69 %
Jan 1, 2021
77.86 %
26.92 %
2.46 %
Jan 1, 2022
69.14 %
23.56 %
3.59 %
Jan 1, 2023
62.82 %
24.07 %
7.63 %
Jan 1, 2024
76.79 %
27.08 %
4.22 %
Jan 1, 2025 (e)
76.79 %
26.36 %
5.07 %
Jan 1, 2026 (e)
76.79 %
26.36 %
6.49 %
Jan 1, 2027 (e)
76.79 %
26.36 %
11.37 %

Boralex Stock Revenue, EBIT, Earnings per Share

The Boralex earnings per share therefore indicates how much revenue Boralex has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

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  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2020
6.43 CAD
1.82 CAD
0.56 CAD
Jan 1, 2021
6.72 CAD
1.81 CAD
0.17 CAD
Jan 1, 2022
8.13 CAD
1.92 CAD
0.29 CAD
Jan 1, 2023
9.92 CAD
2.39 CAD
0.76 CAD
Jan 1, 2024
8.28 CAD
2.24 CAD
0.35 CAD
Jan 1, 2025 (e)
8.73 CAD
2.30 CAD
0.44 CAD
Jan 1, 2026 (e)
10.44 CAD
2.75 CAD
0.68 CAD
Jan 1, 2027 (e)
9.44 CAD
2.49 CAD
1.07 CAD

Boralex business model & stock analysis

Boralex Inc is a Canadian company specializing in the development, operation, and sale of renewable energy sources. It was founded in 1995 and is headquartered in Kingsey Falls, Quebec.

Boralex SWOT Analysis

Strengths

  • Strong renewable energy portfolio with a diverse mix of hydroelectric, wind, and solar power projects.
  • Established presence in key markets, including Canada, France, and the United States.
  • Reliable and consistent revenue generation due to long-term power purchase agreements.
  • Strong financial performance, with steady revenue growth and healthy profitability ratios.

Weaknesses

  • Vulnerability to fluctuations in energy prices, which can affect the profitability of power generation projects.
  • Relatively small scale compared to some competitors, limiting potential economies of scale.
  • High dependence on government regulations and incentives supporting renewable energy.

Opportunities

  • Growing demand for clean and sustainable energy solutions worldwide.
  • Potential for expansion into new geographies with favorable renewable energy policies.
  • Increasing investment in renewable energy infrastructure by governments and private sector.

Threats

  • Intense competition within the renewable energy sector, leading to potential price pressures.
  • Regulatory changes or reductions in government incentives for renewable energy.
  • Technological advancements leading to the development of more cost-effective energy solutions.

Boralex Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Boralex historical P/E ratio, EBIT multiple, and P/S ratio

Boralex annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Boralex shares outstanding

The number of shares of Boralex was 103 M in 2025. This indicates how many shares Boralex is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
98.50 M Stocks
Jan 1, 2021
102.77 M Stocks
Jan 1, 2022
102.79 M Stocks
Jan 1, 2023
103.00 M Stocks
Jan 1, 2024
103.00 M Stocks
Jan 1, 2025 (e)
103.00 M Stocks
Jan 1, 2026 (e)
103.00 M Stocks
Jan 1, 2027 (e)
103.00 M Stocks

Boralex stock splits

In Boralex's history, there have been no stock splits.

Boralex Dividend History

13 years of dividend payments

YearAnnual DividendYoY ChangePayments
20260.17CADYTD
Feb 27, 20260.17CAD 0.0%1/1
20250.66CAD 0.0%
Feb 28, 20250.17CAD 0.0%1/4
May 30, 20250.17CAD 0.0%2/4
Aug 29, 20250.17CAD 0.0%3/4
Nov 28, 20250.17CAD 0.0%4/4
20240.66CAD 0.0%
20230.66CAD 0.0%
20220.66CAD 0.0%
20210.66CAD 0.0%
20200.66CAD 0.0%
20190.66CAD 4.8%
20180.63CAD 5.0%
20170.60CAD 9.1%

Boralex dividend history and estimates

In 2025, Boralex paid a dividend amounting to 0.66 CAD. Dividend means that Boralex distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2020
0.66 CAD
0.00 CAD
Jan 1, 2021
0.66 CAD
0.00 CAD
Jan 1, 2022
0.66 CAD
0.00 CAD
Jan 1, 2023
0.66 CAD
0.00 CAD
Jan 1, 2024
0.66 CAD
0.00 CAD
Jan 1, 2025
0.66 CAD
0.00 CAD
Jan 1, 2026 (e)
0.00 CAD
0.66 CAD
Jan 1, 2027 (e)
0.00 CAD
0.66 CAD

Boralex dividend payout ratio

In 2025, Boralex had a payout ratio of 149.04%. The payout ratio indicates the percentage of the company's profits that Boralex distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2020
117.86 %
Jan 1, 2021
399.03 %
Jan 1, 2022
226.10 %
Jan 1, 2023
86.84 %
Jan 1, 2024
141.43 %
Jan 1, 2025 (e)
149.04 %
Jan 1, 2026 (e)
97.38 %
Jan 1, 2027 (e)
61.47 %

Current Boralex forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
5.41 %
Buy
75.00 % (9)
Hold
25.00 % (3)
Sell
0.00 % (0)
12M Price Target
35.70
Last Price
37.08
Currency
CAD
12M Return Potential
-3.72 %
LTM Return
0 %

Boralex Analyst Rating Actions

DateFirmActionRating
4/3/2024
National Bank Financial Inc
National Bank Financial Inc
MaintainedOutperform
4/19/2023
National Bank Financial Inc
National Bank Financial Inc
MaintainedOutperform
2/26/2021
CIBC
CIBC
UpgradeNeutralOutperform

Boralex Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/8/20240.52CAD--CAD-2024 Q1
2/22/20240.43CAD-266.54 MCAD-2023 Q4
8/1/20230.16CAD-192.95 MCAD-2023 Q2
5/9/20230.48CAD-247.78 MCAD-2023 Q1
2/21/20230.42CAD-239.97 MCAD-2022 Q4
11/9/2022-0.16CAD-151.17 MCAD-2022 Q3
8/3/20220.07CAD-180.46 MCAD-2022 Q2
5/11/20220.38CAD-224.71 MCAD-2022 Q1
2/23/20220.31CAD-215.94 MCAD-2021 Q4
11/12/2021-0.22CAD-144.23 MCAD-2021 Q3
...

EESG©

Eulerpool ESG Scorecard© for the Boralex stock

78/100
65
Environment
77
Social
92
Governance
E

Environment

20
Scope 1 - Direct Emissions1,227
Scope 2 - Indirect emissions from purchased energy1,710
Scope 3 - Indirect emissions within the value chain66,354
Total CO₂ emissions2,937
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees33
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

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Boralex shareholder structure

% Name
4.17791%
Impax Asset Management Ltd.
Impax Asset Management Ltd.
4.03301%
RBC Global Asset Management Inc.
RBC Global Asset Management Inc.
3.11847%
CI Global Asset Management
CI Global Asset Management
3.05978%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
2.83635%
Janus Henderson Investors
Janus Henderson Investors
2.16031%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
...

Boralex Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.6%
Float Shares
-
Shares Outstanding
-

Boralex Executives and Management Board

19 members · avg. age 64 · 26 % women

PD

Mr. Patrick Decostre (52)

President, Chief Executive Officer, Director

2.06 M CAD

Management

NW

Mr. Nicolas Wolff

Executive Vice President and General Manager, Europe

787,340.00 CAD
PH

Mr. Pascal Hurtubise

Executive Vice President and Chief Legal Officer

739,869.00 CAD
SM

Mr. Stephane Milot

Chief Financial Officer, Executive Vice President

MA

Ms. Marie-Josee Arsenault

Executive Vice President, Chief People and Culture Officer

RD

Mr. Robin Deveaux

Executive Vice President, General Manager, North America

PL

Mr. Pascal Laprise-Demers

Senior Vice President - Corporate Strategy and Business Performance

Board of Directors

AR

Mr. Alain-Pierre Rheaume (73)

Independent Chairman of the Board

245,000.00 CAD
MD

Ms. Marie-Claude Dumas (54)

Independent Director

166,000.00 CAD
AC

Mr. Andre Courville (71)

Independent Director

164,500.00 CAD
LC

Ms. Lise Croteau (64)

Independent Director

164,500.00 CAD
ZS

Mr. Zin Smati (67)

Independent Director

155,000.00 CAD
DM

Mr. Dominique Miniere (66)

Independent Director

145,500.00 CAD

Frequently asked questions about Boralex

The business model of Boralex Inc is focused on the development, construction, and operation of renewable energy power plants. As a leading Canadian power producer, Boralex specializes in wind, hydroelectric, solar, and thermal energy sources. With a commitment to sustainable development, the company aims to contribute to the global transition towards cleaner, greener energy solutions. Boralex operates across North America and Europe, continuously expanding its renewable energy portfolio. By investing in cutting-edge technologies and maintaining strong partnerships, Boralex strives to provide environmentally friendly power generation while delivering long-term value to its shareholders and stakeholders.

Boralex Inc is primarily active in the renewable energy industry. As a leading power producer, Boralex focuses on developing, building, and operating renewable energy power plants. With a diverse portfolio, the company generates electricity through various sources such as wind, hydro, thermal, and solar power. Boralex's commitment to sustainability aligns with its dedication to reducing greenhouse gas emissions and contributing to a cleaner environment. As an industry leader in renewable energy, Boralex Inc continuously seeks innovative solutions to address the world's growing energy needs while minimizing its ecological footprint.

The main competitors of Boralex Inc in the market include companies such as NextEra Energy Inc, TransAlta Renewables Inc, Innergex Renewable Energy Inc, and Atlantic Power Corporation.

Boralex Inc. is a leading renewable energy company that operates and develops power-generating facilities primarily in Canada, France, the United States, and the United Kingdom. Founded in 1982 and headquartered in Kingsey Falls, Quebec, Boralex has a rich history in the renewable energy industry. The company initially focused on small-scale hydropower projects and gradually expanded into other renewable energy sectors, including wind, solar, and biomass. With over 30 years of experience, Boralex has become a trusted partner in the transition towards a greener future. Today, Boralex continues to innovate, invest, and grow its renewable energy portfolio while maintaining a strong commitment to sustainability and creating long-term value for its stakeholders.

Boralex Inc, a leading renewable energy company, has achieved significant milestones throughout its operation. The company has continuously expanded its renewable energy portfolio, with notable developments such as the acquisition of various wind farms in key markets. Boralex Inc successfully completed the commissioning of several power projects, enhancing its overall energy generation capacity. Additionally, the company achieved successful financial milestones, reporting consistent revenue growth and robust operational performance. These accomplishments demonstrate Boralex Inc's commitment to sustainable energy solutions and its position as a key player in the renewable energy sector.

Boralex Inc is primarily present in Canada, France, the United States, and the United Kingdom.

Boralex Inc represents a set of core values and a corporate philosophy that guide its operations. The company is committed to sustainability and firmly believes in the importance of clean and renewable energy. Boralex strives to deliver long-term value to its shareholders, employees, and communities while focusing on environmental responsibility. With a dedication to innovation and operational excellence, Boralex seeks to actively contribute to the energy transition by expanding its portfolio of wind, hydroelectric, solar, and thermal projects. Through its commitment to sustainable development, Boralex aligns its corporate philosophy with its vision for a greener and more sustainable future.

Analysts currently set an average price target of 35.59 CAD for the Boralex stock (median: 35.70 CAD), implying -4.0 % versus the latest price. The consensus is based on 12 analyst ratings.

12 analysts currently rate the Boralex stock: 9 recommend buying, 3 holding and 0 selling. For 2026, analysts expect Boralex to generate revenue of 1.08 B CAD and earnings per share of 0.68 CAD.

Converted at the current exchange rate, the Boralex share trades at 22.93 EUR (37.08 CAD).

The Boralex share (BLX.TO) is listed on 5 stock exchanges, including: Frankfurt (B3H.F), München (B3H.MU), Düsseldorf (B3H.DU), Toronto (BLX.TO).

Boralex Inc. is a Canadian company operating in the energy sector. The company operates wind, hydro, solar, and biomass plants in North America, Europe, and Latin America. Boralex aims to expand renewable energy sources to ensure sustainable and environmentally friendly energy supply.

The expected revenue of Boralex is 1.08 B CAD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Boralex is 69.81 M CAD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Boralex is currently 54.71. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Boralex stock.

The price-to-sales ratio (P/S) of Boralex is currently 3.55. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Boralex stock.

The Eulerpool Quality Score for Boralex is 6/10.

The ISIN of Boralex is CA09950M3003. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Boralex is 189946. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Boralex is BLX.TO. The ticker symbol is used to trade Boralex shares on the stock exchange.

Over the past 12 months, Boralex paid a dividend of 0.66 CAD . This corresponds to a dividend yield of about 1.78 %. For the coming 12 months, Boralex is expected to pay a dividend of 0.66 CAD.

The current dividend yield of Boralex is 1.78 %.

Boralex pays a dividend, distributed in the months of , , , .

Boralex paid dividends every year for the past 12 years.

For the upcoming 12 months, dividends amounting to 0.66 CAD are expected. This corresponds to a dividend yield of 1.78 %.

Boralex is assigned to the 'Utilities' sector.

To receive the latest dividend of Boralex from amounting to 0.17 CAD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Boralex distributed 0.66 CAD as dividends.

The dividends of Boralex are distributed in CAD.

All fundamentals and in-depth analysis of Boralex

Our stock analysis for Boralex stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Boralex. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.