Boralex Inc T.BLX

Alternate Symbol(s): BRLXF

Utilities Utilities - Independent Power Producers

Boralex Inc. is a Canada-based renewable energy company. The Company is primarily engaged in the development, construction and operation of renewable energy power facilities. It operates in the production of three types of renewable energy: wind, solar and hydroelectric power, as well as storage, representing an asset base with an installed capacity totaling 3,051 megawatts (MW). It also provides onshore wind power, and it also has facilities in the United States and development projects in the United Kingdom. It is developing a portfolio of over 6.2 GW in wind, solar and storage projects. It holds interests in 50 facilities in North America and 77 facilities in Europe. In addition, the Company has projects under construction or ready-to-build, representing an additional 317 megawatts (MW) of power and a portfolio of secured projects amounting to 654 MW. In addition, the Company acquired a 50% interest in five wind farms in the United States with a total installed capacity of 894 MW.

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Boralex Inc > Top Pick

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Comment by Possibleidiot01on Mar 28, 2024 3:04pm

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Post# 35958727

RE:Top Pick

TOP PICK

BORALEX (BLX TSX)

It is one of Canada’s leading renewable energy producers with a strong presence in Quebec, the U.S. and France. The company has long-term contracted power production agreements mostly in wind and solar. Boralex recently announced record results with 22 per cent growth in EBITDA and strong free cash flow generation. The company has a large pipeline of wind, solar, and storage projects, which in total are expected to more than double BLX’s production capacity over the next few years.

Valuations of IPPs have crashed over the past two years due to rising interest rates, project cost increases, funding needs, and in some cases dividend cuts. Boralex is well-financed and has a low payout ratio. Under $30 is a great entry point to buy the stock at a historically low multiple of around 9.5 times EBITDA, for a company that has a high-quality asset base, a robust pipeline of projects, and multi-decade tailwinds for growth.

Boralex Inc.(BLX-T)

28/03/2024

Leading renewable energy producer. Mainly in wind, solar. Robust pipeline of storage projects expected to double production capacity. Valuations in space have been crushed. By far, best in the sector. Very high-quality assets, best management team. Multi-decade growth and tailwinds.

Great entry point at historically low levels of 9x EBITDA. Recent record results, 22% growth in EBITDA. Strong free cashflow. Yield is 2.3%.

(Analysts’ price target is $39.30)

electrical utilities

$28.560