Boralex Inc. (BLX.TO) Buy, Sell or Hold

Boralex Inc. (BLX.TO)

36.57

-0.29 (0.79%)

as of Jun 19, 2026, 8:00:01 pm Market Open.

147 watching

DON'T BUY

Valuations have gotten very excessive. Their claim to fame is wind generation and they have been active on the acquisition front, especially in France. This space will be with us for a long time to come. He would prefer AQN-T or NPI-T.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock and its peers have seen a run up recently. It is smaller than peers but it has a better growth profile. Good for growth oriented investors. Unlock Premium - Try 5i Free

COMMENT

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The Biden win was probably fully priced in so that accounts for the slight pullback recently. The stocks are up 50% this year. Sector rotation is also a factor and investors may be switching out for underperforming stocks. No real concern and both companies remain a buy. Unlock Premium - Try 5i Free

BUY ON WEAKNESS

Renewable space is attractive, a secular growth theme. You want exposure to the sector. Stock price has run up, so wait for a pullback. Good long-term play. Yield is 1.6%.

TOP PICK

Billy Kawasaki’s Insights - Picks from 5i Research. A renewable power producer. It has done well although it is expensive, trading around 71x earnings. They enjoy good earnings prospects and sales have doubled in past years. They have a lot of debt but cash flow is growing quickly. An aggressive choice in the sector. Unlock Premium - Try 5i Free

PAST TOP PICK

(A Top Pick Jul 08/19, Up 62%) He still owns it. The market at the time was not giving fair value for the wind generation revenues of the company. In the past 4 consecutive quarters there was generation growth and the critics were put to rest. They have added several onshore wind projects in France and a solar project in New York.

TOP PICK

A renewable energy company. Free cash flow is up huge. Earnings growth is expected up 33% next year. Yield 2.45% (Analysts’ price target is $29.88)

TOP PICK

He's owned this for 10 years, on and off. BLX is a big beneficiary in ESG as investors divest in oil and buy renewables. BLX is big in wind and hydro power. They have a yield of 2.09% with a lot of capital reinvested to grow the company. (Analysts’ price target is $27.94)

HOLD

The renewable space. Good space and growth, but the valuations are high. BLX has had a pretty good move lately, but wouldn't add to it.

BUY

A great chart. It's trending higher, though looks a little stretched. BLX is a bond proxy, so collect the dividend. Short-term, he expects a pullback, so investors should floor into this. This should be a relative outperformer. Great chart.

PAST TOP PICK

(A Top Pick Jul 08/19, Up 10%) They had a couple of quarters below average in production and then had quarters above average. The price does not reflect their development pipeline. They are looking at solar in New York state but for now you are not paying for it.

TOP PICK

It is a good candidate for environmental social governance investing. It is renewable energy. Assets are in Canada and France. They are guiding to a much stronger pipeline in France than originally anticipated. They are going into solar and battery technology also. (Analysts’ price target is $32.32)

WAIT

Sell? Yield is 3.35%. Likes the growth prospects. He would suggest to sit on this one and give it time, there is a good chance the share price will come back up. He would put this one a little bit in between the growth vs income spectrum. Probably going to be better options if you are really focused on the dividends.

PAST TOP PICK

(A Top Pick Oct 01/18, Up 9%) 47% of its wind turbines are in France which likes wind power. BLX sold off when Ontario's Ford government announced it would cut back on green power, but BLX is on sale now and pays a 3% yield. This has very long contracts at fixed utility rates.

BUY

He likes it. It pays a dividend. Not as high as some other renewable energy dividends, however. He expects to see some price fluctuations. If they want to acquire new projects they have to raise equity but their payout is not that high so they may not have to in terms of getting new projects. You could see it grow if we see growth in the renewable energy space.

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