Pierre Seccareccia - Boralex Independent Director

BLX Stock  CAD 27.57  0.58  2.15%   

Director

Mr. Pierre Seccareccia, FCA, FCPA, is an Independent Director of Boralex Inc. He is full time corporate director of various public and private entities. He is Fellow of the Ordre des comptables professionnels agrs du Qubec and member of the Institute of Corporationrationrate Directors . Mr. Seccareccia has extensive financial consulting and management experience. A partner of Coopers Lybrand, an accounting firm, from 1976 to 1998, he was Managing Partner of its Montral south shore office from 1987 to 1989, of its central Montral office from 1992 to 1996 and of its Qubec offices from 1996 to 1998. Following the 1998 merger of Coopers Lybrand and Pricewaterhouse, he was Managing Director of the Montral office of PricewaterhouseCoopers from 1998 to 2001. since 2003.
Age 71
Tenure 21 years
Professional MarksCPA
Address 36 Lajeunesse Street, Kingsey Falls, QC, Canada, J0A 1B0
Phone819-363-6363
Webhttps://www.boralex.com

Boralex Management Efficiency

The company has return on total asset (ROA) of 0.0235 % which means that it generated a profit of $0.0235 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0568 %, meaning that it generated $0.0568 on every $100 dollars invested by stockholders. Boralex's management efficiency ratios could be used to measure how well Boralex manages its routine affairs as well as how well it operates its assets and liabilities. As of the 24th of April 2024, Return On Tangible Assets is likely to grow to 0.02. Also, Return On Capital Employed is likely to grow to 0.04. At this time, Boralex's Return On Tangible Assets are very stable compared to the past year. As of the 24th of April 2024, Fixed Asset Turnover is likely to grow to 0.29, while Non Currrent Assets Other are likely to drop about 78.1 M.
The company has accumulated 277 M in total debt with debt to equity ratio (D/E) of 4.22, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Boralex has a current ratio of 1.23, suggesting that it is in a questionable position to pay out its financial obligations in time and when they become due. Debt can assist Boralex until it has trouble settling it off, either with new capital or with free cash flow. So, Boralex's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Boralex sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Boralex to invest in growth at high rates of return. When we think about Boralex's use of debt, we should always consider it together with cash and equity.

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Boralex Inc., together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, the United Kingdom, and the United States. Boralex Inc. was founded in 1982 and is headquartered in Kingsey Falls, Canada. BORALEX INC operates under UtilitiesRenewable classification in Canada and is traded on Toronto Stock Exchange. It employs 482 people. Boralex (BLX) is traded on Toronto Exchange in Canada and employs 753 people. Boralex is listed under Independent Power and Renewable Electricity Producers category by Fama And French industry classification.

Management Performance

Boralex Leadership Team

Elected by the shareholders, the Boralex's board of directors comprises two types of representatives: Boralex inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Boralex. The board's role is to monitor Boralex's management team and ensure that shareholders' interests are well served. Boralex's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Boralex's outside directors are responsible for providing unbiased perspectives on the board's policies.
AlainPierre Rheaume, Independent Chairman of the Board
MarieJose Arsenault, Executive Officer
Nicolas Wolff, Vice President and General Manager Boralex - Europe
Michelle SamsonDoel, Lead Independent Director
Rabindra Mishra, Deputy Europe
Dany StPierre, Independent Director
Hugues Girardin, Vice President - Development
Pierre Seccareccia, Independent Director
Isabelle Fontaine, Sr Communications
Julie Cusson, Vice President - Public and Corporate Affairs
Ghyslain Deschamps, Independent Director
Bruno Guilmette, Chief Financial Officer, Vice President
Pascal Hurtubise, Vice President, Chief Legal Officer and Corporate Secretary
Guy Daoust, Vice President - Finance
Robert Hall, Chairman of the Board
Stphane Milot, Director Relations
Patrick Decostre, Chief Operating Officer, Vice President
Alain Pouliot, Senior America
Marie Giguere, Independent Director
Edward Kernaghan, Independent Director
Andre Courville, Independent Director
Germain Benoit, Independent Director
Yves Rheault, Independent Director
Alain Rheaume, Independent Director
Denis Aubut, General Manager - Operations
Sylvain Aird, Chief Legal Officer, VP of Europe and Corporate Secretary
MarieClaude Dumas, Independent Director
Adam Rosso, Senior America
Richard Lemaire, Not-Independent Director
JeanFrancois Thibodeau, CFO, Vice President
Alain Ducharme, Independent Director
Marc Jasmin, IR Contact Manager
Patrick Lemaire, President, Chief Executive Officer, Director
Lise Croteau, Independent Director
MarieJosee Arsenault, Vice President - Talent and Culture

Boralex Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Boralex a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Boralex in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Boralex's short interest history, or implied volatility extrapolated from Boralex options trading.

Pair Trading with Boralex

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Boralex position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Boralex will appreciate offsetting losses from the drop in the long position's value.

Moving together with Boralex Stock

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Moving against Boralex Stock

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The ability to find closely correlated positions to Boralex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boralex when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Boralex - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Boralex to buy it.
The correlation of Boralex is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Boralex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boralex moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Boralex can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Boralex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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When running Boralex's price analysis, check to measure Boralex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Boralex is operating at the current time. Most of Boralex's value examination focuses on studying past and present price action to predict the probability of Boralex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boralex's price. Additionally, you may evaluate how the addition of Boralex to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Boralex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boralex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boralex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.