Boralex Inc.

Boralex Inc.

BRLXF
Boralex Inc.US flagOther OTC
26.76
USD
- -
- -
2.75BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.56
5.1
5.12
4.63
5.55
5.98
6.34
6.42
6.73
8.14
9.94
8.3
8.26
8.74
Basic EPS, GAAP
-0.1
-0.31
-0.21
-0.03
0.29
-0.37
-0.43
0.56
0.17
0.29
0.76
0.35
0.07
-0.31
Free Cash Flow per Basic Share
-1.53
-3.21
-4.12
-1.64
-1.67
-1.3
1.29
2.09
1.62
2.42
1.99
-2.31
-2.84
-1.52
Dividend per Share
- -
0.52
0.52
0.55
0.61
0.62
0.66
0.67
0.66
0.66
0.66
0.66
0.66
0.66
Book Value per Share
9.63
8.81
10.98
8.25
9.15
10.75
9.84
10.87
9.95
14.57
14.65
14.34
13.75
13.5
Tangible Book Value per Share
2.1
-2.42
0.02
-0.55
-1.43
-1.07
-0.14
-2.62
-1.5
7.15
7.82
8.03
7.73
7.75
Basic Weighted Avg Shares
38
38
52
65
75
80
91
99
103
103
103
103
103
103
Sales/Revenue/Turnover
172
195
268
302
419
479
574
633
691
836
1,022
853
849
898
Operating Margin (%)
26.99
23.93
23.88
22.19
23.39
17.12
25.26
28.28
26.92
23.56
24.07
27.08
21.55
22.72
Depreciation Expense
54
60
97
116
172
208
244
237
297
295
293
297
321
335
Net Income, GAAP
-4
-12
-11
-2
22
-30
-39
55
17
30
78
36
7
-32
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
7.58
40.91
55.56
25.32
32.73
10.81
42.86
Profit Margin (%)
-2.23
-6.03
-4.1
-0.66
5.25
-6.26
-6.79
8.69
2.46
3.59
7.63
4.22
0.82
-3.56
Working Capital
35
-108
-79
-63
-104
-142
59
69
65
-183
56
-42
146
141
LT Debt
808
1,222
1,409
1,574
2,555
2,997
3,092
3,530
3,673
3,173
3,322
3,935
4,404
4,447
Total Equity
386
336
559
514
729
907
875
991
1,211
2,026
2,024
2,025
1,991
1,986
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
3.71
2.22
1.63
3.26
2.6
2.52
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
3.28
1.62
1.96
2.42
1.37
1.86
4.14
Return on Common Equity (%)
-1.05
-3.36
-2.41
-0.36
3.58
-3.87
-4.45
5.6
1.63
2.38
5.19
2.42
0.48
-2.23

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
268
255
274
LT Borrowings
4,036
4,080
4,127
LT Finance Leases
330
324
320
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
103
103
103
Market Capitalization
2,804
2,588
3,778

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
683
656
726
Cash, Cash Equivalents & STI
288
293
376
Accounts Receivable, Net
188
245
249
Inventories
- -
- -
- -
Total Current Liabilities
542
510
585
Payables & Accruals
271
242
289
ST Debt
268
255
274
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.57%
17.55%
-1.68%
Free Cash Flow
-36.71%
-36.09%
23.21%
Net Income, GAAP
-169.62%
6.59%
-80.56%
Sales/Revenue/Turnover
13.12%
7.08%
-0.47%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
268
189
159
237
853
2025
237
197
157
258
849
2026
286
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.54
0.11
-0.14
- -
0.35
2025
0.29
-0.1
-0.26
- -
0.07
2026
-0.09
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.17
0.17
- -
0.66
2025
0.17
0.17
0.17
- -
0.66
2026
0.17
- -
- -
- -
- -

Company Description

APIChat
CEO
Patrick Decostre
Full Time Employees
822
Sector
Utilities
Industry
Renewable Utilities
Address
36, rue Lajeunesse Kingsey Falls QC Canada J0A 1B0
IPO Date
Apr 5, 2010
Business
Boralex Inc. is a renewable energy company focused on the development, construction, and operation of power generating and storage facilities. The company specializes in four core sectors: onshore wind power, solar power, hydroelectric power, and energy storage solutions. Boralex offers its renewable energy products primarily through wind farms, solar plants, hydroelectric generating stations, and innovative energy storage facilities adapted to different markets, including floating solar in France and ground-mounted solar in the United States. The company operates internationally with significant presence in Canada, France, the United Kingdom, and the United States. Founded in 1982 and headquartered in Kingsey Falls, Quebec, Boralex is one of the leading renewable energy producers with a strategic focus on sustainable energy solutions. In recent developments, Boralex has commissioned large-scale renewable energy projects in Canada, reinforcing its operational capacity and expanding its asset base. The company has reported growth in EBITDA while managing fluctuations in production, reflecting operational efficiency improvements. Boralex continues to lead in renewable energy tenders, especially in France's wind power segment, strengthening its market position in Europe. The company has also adapted its product offerings and strategic focus toward integrating more storage solutions alongside renewable generation capacity, demonstrating an evolution in business model to address grid stability and energy transition requirements. These operational and strategic expansions have occurred within the last two years, positioning Boralex for continued growth in renewable energy production and storage markets. Boralex targets utility companies, governments, and large industrial customers seeking renewable energy supply and sustainability solutions. As a publicly traded company on the Toronto Stock Exchange (TSX: BLX) and the over-the-counter market (Ticker: BRLXF), it maintains a portfolio of renewable energy assets that combines operational sites and projects under development. The company has grown its footprint substantially since inception by leveraging strategic project development, acquisitions, and partnerships in key geographic markets. Its business segments focus on renewable power generation and increasingly on energy storage to support renewable integration and energy reliability across varied regulatory environments. Overall, Boralex Inc. stands as a major renewable energy producer and developer, providing a comprehensive range of power generation and storage services in North America and Europe, supported by over 40 years of operational expertise and recent strategic advancements in large-scale renewable infrastructure commissioning and market participation.

Company News

APIChat
  • Both Leading Independent Proxy Advisors Recommend Boralex Shareholders Vote FOR Arrangement

  • Boralex reports higher operating income and the addition of new growth projects in the first quarter of 2026

  • 2 Green Energy Stocks to Buy in 2026

  • Boralex Agrees to $2.76 Billion Takeover by Brookfield and Caisse de Depot

  • Boralex Enters into Definitive Agreement to be Acquired by Brookfield, alongside La Caisse, Supporting its Next Phase of Growth as a Standalone Private Company

  • Boralex Responds to Recent Statements in the Media

  • Boralex Inc. (BLX:CA) Q4 2025 Earnings Call Transcript

  • Boralex Announces the Appointment of Philippe Bonin as Chief Financial Officer

  • Boralex reports net earnings of $33 million for fiscal 2025 marked by the commissioning of large-scale projects in Canada and the United Kingdom

  • Boralex and Six Nations of the Grand River Development Corporation Commission Canada's Largest Operating Battery Storage Facility

  • REMINDER: Boralex will release its 2025 fourth quarter financial results on February 27, at 11 a.m.

  • Boralex: Underfollowed Renewable Energy Company Trading At A Discount

  • Boralex (OTCMKTS:BRLXF) Trading 0.6% Higher – Time to Buy?

  • Boralex Commissions Sanjgon Energy Storage Project, Initially Tilbury, Its First Operational Storage Facility in North America

  • United Kingdom: Boralex Welcomes Ministerial Approval of 189 MW Clashindarroch Wind Farm Extension

  • Boralex Inc. (BLX:CA) Q3 2025 Earnings Call Transcript

  • Boralex announces its third quarter results and commissioning of large-scale projects in Canada

  • Boralex will release its 2025 third quarter financial results on November 7, at 11 a.m.

  • Boralex Inc. (BRLXF) Q2 2025 Earnings Call Transcript

  • Boralex announces the appointment of André Courville as Chair of the Board of Directors