Boralex Inc. (BLX.TO)

The biggest independent wind power company in Canada but also France, which accounts for nearly half its operations, plus 31% in Quebec where BLX recently bought more operations. Stock is down 15% because Ontario premier Ford said he would scrap green energy projects but BLX mostly has operations outside Ontario. BLX will continue to grow production. (3.5% dividend, Analysts' price target: $25.67)

It has been a long term holding of his. It has been caught up in a lack of interest in dividend paying stocks. It is an independent power producer in Quebec, the US and France. He would stick with it. They tend to have volatile earnings. They had a poor quarter a while ago.

He really likes it. If you liked it at $20, you'll like it more at $19. It's viable long-term and they are 100% into renewable energy. They can keep growing internationally. Pays a nice dividend. Its forward earnings multiple is high, but remember that a lot of projects in green energy take time. Keep an eye on how much debt green companies carry and how interest rates rise. Trading at a little of 2x price-to-book.

Very well managed. You can sleep well at night owning this. He hasn't looked at the deal just announced a few hours ago where they bought some Quebec wind farms. Leveraged levels are fine. You can buy this and do okay. Doesn't see a lot of capital appreciation until there's resolution about interest rates rising. A solid company. Fairly valued compared to peers like Fortis.

(A Top Pick Dec 12/16, Up 41.69%) They had announced a big acquisition and the stock had come down. They are well managed company and renewable energy is only going to grow in the world in importance. If it pulls back it would be a good time to buy it.

(A Top Pick Dec 12/16, Up 41%) They now have big projects in Scotland. They are extremely well managed. It is one of his top holdings and he continues to like the space. There is a lot more growth ahead of it.

This is going to do fine. They have excellent renewable energy assets. The valuation is a little more expensive, but these types of renewable businesses should trade at a premium multiple. The valuation is not overly expensive.

Not an even keeled stock. Things are getting overbought. It is probably due for a healthy pullback.

Thinks the weakness on this has been the French elections. They have a lot of wind farms in France, and the talk is that, depending on who gets elected, they could be done with the wind farms or any new wind farms. Thinks it is a safe dividend, and they are continuing to grow with new projects.

Valuation is not expensive. They have a plan to grow the company dramatically over the next few years. There are a number of catalysts that are upcoming for the company, from dividend increases to other acquisition opportunities. They are growing their capacity and tend to have longer-term contracts. Feels this will be a very different company 3 years from now, but in a positive way.

Sold his holdings fairly recently. This has just been added to the TSX Composite, so there will be quite a bit of index investors buying the stock over the coming weeks. 19.9% of the company is owned by Cascades (CAS-T), and he gets the impression that we are in a target range where Cascades might actually sell that block, or at least a portion of it, so you may get an opportunity to buy this a little bit lower.

(A Top Pick Feb 8/16. Up 38.9%.) Wind and renewable energy. Continues to rank well in his overall dividend model. Yield of 3% and payout ratio of 23%. The purpose of owning this is to benefit from the rising earnings, up 36% in November, and expected to be up 75% when they report in March. Year-over-year earnings growth is expected to go from $.21 in 2016, to $.48 in 2017, giving a 42X PE multiple. Free cash flow is minus 7%. Enterprise value to EBITDA is at 13X. Still feels there are great opportunities for growth.

(A Top Pick Nov11/16. Up 9.47%.) (BNN showed June 27/16! – Bill.) This has been a long term holding, and he will continue to hold it. Did a very successful equity financing last quarter to buy out a partner in a wind project in Ontario. They’ve completed that and it is very accretive to the company. As a result, they boosted their dividend.

One of his top positions, but it pulled back in the ‘Trump-tantrum’. This one also announced several huge deals recently as well as a new financing. They made huge acquisitions in France and Scotland as well as a huge wind farm in Niagara. Dividend 3.25% (Analysts’ Target: $22.44)

Their operations in the US are limited. They have a number of projects in Europe. He expects them to bounce back after a difficult quarter due to weather. There are revenue streams to bring online in the next couple of years.