Boralex is an independent producer of onshore wind, hydro, thermal, and solar power. It develops, builds, and operates renewable energy power facilities in Canada, France, and the U.S.
Income Investor
Sorry, you do not have access to this content.We recommended selling half to take advantage of the run-up in green energy stocks back in 2020. The share price is down 30% in the last year, as the rise in interest rates has reduced the attractions of long-duration assets such as renewable energy companies. The length of time until new projects like Apuiat and Limekiln come onstream makes them less attractive compared with 5% yields on government bonds or cash. However, Boralex remains a Buy for its long-term growth in installed assets and steady increase in revenues and EBITDA. - Gavin Graham
Current Advice
Buy
Consult your broker/advisor
Capital Gain/Loss
27.9%
Interactive Performance Chart
BLX was first recommended here on August 3, 2018