Boralex (TSE:BLX) Announces Earnings Results

Boralex (TSE:BLX) released its quarterly earnings results on Friday. The company reported C$0.13 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$258.00 million during the quarter. Boralex had a net margin of 7.55% and a return on equity of 4.29%.

Here are the key takeaways from Boralex’s conference call:

• FY2025 production was up 8% YoY but came in 10% below forecasts, and combined EBITDA of CAD 655 million was down 2% vs. 2024, driven mainly by lower short‑term prices in France.
• Boralex increased installed capacity to 3.8 GW (+615 MW, all organic) and commissioned two battery projects (Sanjgon and Hagersville), adding 380 MW and making it the largest battery storage operator in Canada.
• The development pipeline and growth path remain large, with a portfolio exceeding 8.2 GW and secured projects including the NYSERDA-backed Fort Covington and Two Rivers solar projects (450 MW) and the 125 MW Oxford BESS.
• Financial flexibility was strengthened with available liquidity and authorized financing of CAD 681 million, CAD 1 billion in project financing closed during the year, and a CAD 250 million corporate financing led by La Caisse and Fondaction.
• Boralex is advancing a repowering pipeline (~450 MW) (about 200 MW net new) such as Le Mercure (to 104 MW by 2028) and expects recontracting headwinds in France to ease after 2026 as longer‑term contracts are pursued.

Boralex Trading Up 1.1%

Boralex stock opened at C$27.76 on Friday. The business has a 50 day moving average price of C$26.27 and a two-hundred day moving average price of C$26.92. The company has a quick ratio of 1.54, a current ratio of 0.86 and a debt-to-equity ratio of 233.60. Boralex has a 12 month low of C$23.48 and a 12 month high of C$33.30. The stock has a market cap of C$2.85 billion, a price-to-earnings ratio of -126.18, a price-to-earnings-growth ratio of 2.01 and a beta of 0.58.

Wall Street Analyst Weigh In

BLX has been the subject of several recent analyst reports. Scotiabank decreased their target price on Boralex from C$41.00 to C$39.00 and set an “outperform” rating for the company in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce cut their price target on Boralex from C$37.00 to C$36.00 in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada lowered their price objective on shares of Boralex from C$38.00 to C$36.00 in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Boralex has an average rating of “Buy” and a consensus price target of C$38.88.

Boralex Company Profile

Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex’s plants rely on wind power, while a significant number also employ hydroelectric power. The company generates the vast majority of its revenue from the sale of energy through long-term contracts to customers in Canada, France, and the United States.