More stocks to consider
Alternative stocks to Boralex (TSX:BLX)


These are the alternatives to Boralex that fall within the same industry, Renewable Electricity, or region, Canada.

How to read the ranks

For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.

See Boralex Performance

Boralex stock research in summary

boralex.com


Boralex shares are more expensive than other comparable stocks. While they show above average growth, they are poor value, and are riskily financed. We recommend evaluating whether the future of the company Boralex is really as positive as the high price of the shares suggests. If you come to the conclusion that the future for this company is only average, that could be a reason to sell this share.


Latest Obermatt Ranks


Log in or sign up to see the new 360° View and Sentiment ranks.

Country Canada
Industry Renewable Electricity
Index
Size class Small

Large companies - similar industry as Boralex

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. NRG (XL, US)  Electric Utilities
1. NRG (XL, US)   Electric Utilities 37 100 75 91

July 31, 2025

Why popular stocks have low ratings

It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.

Large companies - similar region as Boralex

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. CGI (XL, CA)  IT Consulting & oth. Services
1. CGI (XL, CA)   IT Consulting & oth. Services 93 49 61 88
2. Imperial (XL, CA)  Oil & Gas Integrated
2. Imperial (XL, CA)   Oil & Gas Integrated 17 73 98 82
3. Canadian Pacific Railway (XL, CA)  Railroads
3. Canadian Pacific Railway (XL, CA)   Railroads 28 67 88 76
4. Cenovus (XL, CA)  Oil & Gas Integrated
4. Cenovus (XL, CA)   Oil & Gas Integrated 79 1 92 76
5. Rogers Communications (XL, CA)  Wireless Telecommunication
5. Rogers Communications (XL, CA)   Wireless Telecommunication 52 59 67 75
6. Suncor (XL, CA)  Oil & Gas Integrated
6. Suncor (XL, CA)   Oil & Gas Integrated 65 21 84 62
7. Restaurant Brands International (XL, CA)  Restaurants
7. Restaurant Brands International (XL, CA)   Restaurants 57 41 59 54
8. Canadian Natural Resources (XL, CA)  Oil & Gas Production
8. Canadian Natural Resources (XL, CA)   Oil & Gas Production 52 25 72 48
9. Canadian National Railway (XL, CA)  Railroads
9. Canadian National Railway (XL, CA)   Railroads 50 35 57 41
10. WSP Global (XL, CA)  Construction & Engineering
10. WSP Global (XL, CA)   Construction & Engineering 41 77 24 35

July 31, 2025


Find more stock ideas
Use your own criteria to filter for stocks or sign up for the latest Top 10 Stock tips.
Log in or Sign up

Mid sized companies - similar industry as Boralex

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Canadian Utilities (M, CA)  Multi-Utilities
1. Canadian Utilities (M, CA)   Multi-Utilities 87 99 59 100
2. UGI (M, US)  Gas Utilities
2. UGI (M, US)   Gas Utilities 89 93 78 100
3. Portland General Electric (M, US)  Electric Utilities
3. Portland General Electric (M, US)   Electric Utilities 100 43 95 99
4. Consolidated Edison (L, US)  Multi-Utilities
4. Consolidated Edison (L, US)   Multi-Utilities 65 63 90 98
5. ATCO (M, CA)  Multi-Utilities
5. ATCO (M, CA)   Multi-Utilities 95 33 85 91
6. Hawaiian Electric Industries (M, US)  Electric Utilities
6. Hawaiian Electric Industries (M, US)   Electric Utilities 79 3 90 90
7. Clearway Energy (M, US)  Renewable Electricity
7. Clearway Energy (M, US)   Renewable Electricity 57 93 60 90
8. ONE Gas (M, US)  Gas Utilities
8. ONE Gas (M, US)   Gas Utilities 69 77 60 88
9. Atmos Energy (M, US)  Gas Utilities
9. Atmos Energy (M, US)   Gas Utilities 9 91 95 83
10. PPL (M, US)  Electric Utilities
10. PPL (M, US)   Electric Utilities 39 75 78 80

July 31, 2025


Mid sized companies - similar region as Boralex

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Russel Metals (M, CA)  Trading & Distribution
1. Russel Metals (M, CA)   Trading & Distribution 91 95 93 100
2. Canadian Utilities (M, CA)  Multi-Utilities
2. Canadian Utilities (M, CA)   Multi-Utilities 87 99 59 100
3. The North West (M, CA)  Food Retail
3. The North West (M, CA)   Food Retail 91 89 72 100
4. Methanex (M, CA)  Commodity Chemicals
4. Methanex (M, CA)   Commodity Chemicals 88 71 73 98
5. West Fraser (L, CA)  Forest Products
5. West Fraser (L, CA)   Forest Products 88 97 84 98
6. Fairfax (L, CA)  Property & Casualty Insurance
6. Fairfax (L, CA)   Property & Casualty Insurance 53 79 65 96
7. Whitecap Resources (M, CA)  Oil & Gas Production
7. Whitecap Resources (M, CA)   Oil & Gas Production 57 91 76 96
8. Canadian Tire (L, CA)  General Merchandise Stores
8. Canadian Tire (L, CA)   General Merchandise Stores 95 52 68 96
9. Linamar (L, CA)  Auto Parts & Equipment
9. Linamar (L, CA)   Auto Parts & Equipment 88 41 90 94
10. IGM Financial (M, CA)  Asset Management & Custody
10. IGM Financial (M, CA)   Asset Management & Custody 91 59 52 94

July 31, 2025



Obermatt Portfolio Performance
We’re so convinced about our research, that we buy our stock tips.
See the performance of the Obermatt portfolio.