Boralex Stock Today
| BLX Stock | CAD 27.57 0.58 2.15% |
Performance0 of 100
| Odds Of DistressLess than 1
|
Boralex is selling at 27.57 as of the 25th of April 2024; that is 2.15 percent up since the beginning of the trading day. The stock's open price was 26.99. Boralex has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Boralex are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Utilities |
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. The company has 102.77 M outstanding shares of which 658.83 K shares are currently shorted by private and institutional investors with about 2.63 days to cover all short positions. More on Boralex
Moving together with Boralex Stock
| 0.67 | ONEX | Onex Corp | PairCorr |
| 0.88 | MGA | Mega Uranium | PairCorr |
Moving against Boralex Stock
| 0.89 | CVE | Cenovus Energy Earnings Call This Week | PairCorr |
| 0.89 | ARX | ARC Resources Earnings Call This Week | PairCorr |
| 0.86 | SU | Suncor Energy | PairCorr |
| 0.86 | L | Loblaw Companies Earnings Call This Week | PairCorr |
| 0.83 | CNQ | Canadian Natural Res Earnings Call This Week | PairCorr |
| 0.78 | IVN | Ivanhoe Mines Earnings Call This Week | PairCorr |
| 0.74 | X | TMX Group Limited | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
Check how we calculate scores
Boralex Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Boralex's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Boralex or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Patrick Lemaire | ||||
| Business Concentration | Independent Power and Renewable Electricity Producers, Utilities - Renewable, Utilities, Utilities, Independent Power and Renewable Electricity Producers, Utilities—Renewable, Utilities (View all Sectors) | ||||
Boralex's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Boralex's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Boralex's financial leverage. It provides some insight into what part of Boralex's total assets is financed by creditors.
| |||||
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. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.83 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Boralex's market, we take the total number of its shares issued and multiply it by Boralex's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Boralex operates under Independent Power and Renewable Electricity Producers sector and is part of Utilities industry. The entity has 102.77 M outstanding shares of which 658.83 K shares are currently shorted by private and institutional investors with about 2.63 days to cover all short positions.
Boralex has accumulated about 361 M in cash with 496 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.96.
Check Boralex Probability Of Bankruptcy
Ownership AllocationBoralex holds a total of 102.77 Million outstanding shares. Over half of Boralex's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Boralex. Please watch out for any change in the institutional holdings of Boralex as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Boralex Ownership Details
Boralex Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Boralex jumping above the current price in 90 days from now is about 84.13%. The Boralex probability density function shows the probability of Boralex stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Boralex has a beta of 0.8571 suggesting Boralex market returns are highly reactive to returns on the market. As the market goes up or down, Boralex is expected to follow. Additionally, boralex has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Boralex to move above the current price in 90 days from now is about 84.13 (This Boralex probability density function shows the probability of Boralex Stock to fall within a particular range of prices over 90 days) .
Boralex Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Boralex market risk premium is the additional return an investor will receive from holding Boralex long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Boralex. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Boralex's alpha and beta are two of the key measurements used to evaluate Boralex's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.34 | |||
| Standard Deviation | 1.66 | |||
| Variance | 2.77 | |||
| Risk Adjusted Performance | (0.07) |
Boralex Stock Against Markets
Picking the right benchmark for Boralex stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Boralex stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Boralex is critical whether you are bullish or bearish towards Boralex at a given time. Please also check how Boralex's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Boralex without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Pattern Recognition Now
Pattern RecognitionUse different Pattern Recognition models to time the market across multiple global exchanges |
| All Next | Launch Module |
Boralex Corporate Directors
Boralex corporate directors refer to members of a Boralex board of directors. The board of directors generally takes responsibility for the Boralex's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Boralex's board members must vote for the resolution. The Boralex board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Michelle SamsonDoel | Lead Independent Director | Profile | |
| Dany StPierre | Independent Director | Profile | |
| Pierre Seccareccia | Independent Director | Profile | |
| Ghyslain Deschamps | Independent Director | Profile |
How to buy Boralex Stock?
Before investing in Boralex, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Boralex. To buy Boralex stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Boralex. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Boralex stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Boralex stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Boralex stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Boralex, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Boralex?
The danger of trading Boralex is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Boralex is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Boralex. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Boralex is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Boralex Stock analysis
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.
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges |