1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Boralex Inc.
  6. News
  7. Summary
    BLX   CA09950M3003

BORALEX INC.

(BLX)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-08-05 pm EDT
49.38 CAD   +1.88%
08/05Boralex Kept at Hold by TPH Following Q2 Results; Price Target Raised to C$47.00
MT
08/04National Bank Notes Boralex Q2 In Line as Benefits from Higher Power Prices; Lifts Price Target
MT
08/03Boralex Hold Rating Reiterated by TPH Following Q2 Results; Price Target Kept at C$42.00
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Boralex ranks among Corporate Knights' 2022 Best 50 Corporate Citizens in Canada

06/29/2022 | 07:01am EDT

MONTREAL, June 29, 2022 (GLOBE NEWSWIRE) -- Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce that it has been named one of Canada’s “Best 50 Corporate Citizens” by Corporate Knights, a sustainable economy magazine. Since 2002, this ranking has recognized companies for their leadership in sustainability.

To determine the ranking for 2022, Corporate Knights analysed 332 large Canadian organizations against Canadian and global industry peers on a suite of 24 quantitative key performance indicators.1 Boralex excelled on three indicators:

  • CEO–Average Worker Pay Ratio
  • Board and Executive Gender Diversity
  • Clean Revenue (earned from clean energy generation)

The Company’s performance earned 23rd place in the ranking.

“At Boralex, corporate social responsibility (CSR) has long been at the heart of our business practices. It is now an integral part of our business strategy. In 2022, prioritizing CSR is the only way to do business if we are going to collectively achieve a fair and sustainable energy transition,” said Patrick Decostre, President and Chief Executive Officer of Boralex. “This distinction further solidifies our position as a leading CSR reference in our industry and once again shows the hard work and rigour of the many employees involved in implementing our ambitious CSR strategy.”

“It is an honor to be ranked as a leader in sustainability among the top 50 Canadian companies,” said Mihaela Stefanov, Director of Corporate Social Responsibility at Boralex. “This is a significant achievement for Boralex, and we will continue to lead by example, going beyond renewable energy at all levels of the company and focusing on actions that truly make a difference for the environment, communities and our employees.”

Boralex introduced its CSR strategy in 2021 and published its second CSR report earlier this year.

For more information on our CSR strategy and commitments, please see the Investors section of our website.

Corporate Power Purchase Agreement between Boralex and Orange showcased

At a celebration honoring the “Best 50 Corporate Citizens”, Corporate Knights will present examples of companies who have taken strong, positive steps that clearly reduced their greenhouse gas emissions. Boralex is proud to have been recognized for its signature of a Corporate Power Purchase Agreement with Orange, France’s largest telecommunications service provider.

The article is available on the Corporate Knights website.

About Boralex

At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to 2.5 GW. We are developing a portfolio of more than 3 GW in wind and solar projects and nearly 200 MW in storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

For more information, visit www.boralex.com or www.sedar.com. Follow us on Facebook, LinkedIn and Twitter.

For more information:

Media Investor Relations
Camille Laventure
Advisor, Digital Communications
Boralex Inc.
438-883-8580
camille.laventure@boralex.com  
Stéphane Milot
Senior Director – Investor Relations
Boralex Inc.
514 213-1045
stephane.milot@boralex.com

Source: Boralex Inc.


1 The full ranking methodology can be found here: Best 50 Resources | Corporate Knights.


All news about BORALEX INC.
08/05Boralex Kept at Hold by TPH Following Q2 Results; Price Target Raised to C$47.00
MT
08/04National Bank Notes Boralex Q2 In Line as Benefits from Higher Power Prices; Lifts Pric..
MT
08/03Boralex Hold Rating Reiterated by TPH Following Q2 Results; Price Target Kept at C$42.0..
MT
08/03TRANSCRIPT : Boralex Inc., Q2 2022 Earnings Call, Aug 03, 2022
CI
08/03Boralex Back To Q2 Profit After Reversing Year-Ago Loss; National Bank Says Boralex Has..
MT
08/03Boralex Back To Q2 Profit After Reversing Year-Ago Loss
MT
08/03Boralex Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June ..
CI
08/03Boralex vigorously pursues its growth and diversification strategy in the second quarte..
GL
08/03Earnings Flash (BLX.TO) BORALEX Reports Q2 EPS Per share basic and diluted consolidated..
MT
08/03Boralex vigorously pursues its growth and diversification strategy in the second quarte..
AQ
More news
Analyst Recommendations on BORALEX INC.
More recommendations
Financials
Sales 2022 801 M 618 M 618 M
Net income 2022 94,2 M 72,8 M 72,8 M
Net Debt 2022 2 931 M 2 264 M 2 264 M
P/E ratio 2022 55,4x
Yield 2022 1,34%
Capitalization 5 074 M 3 920 M 3 920 M
EV / Sales 2022 10,00x
EV / Sales 2023 9,40x
Nbr of Employees 562
Free-Float 99,3%
Chart BORALEX INC.
Duration : Period :
Boralex Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BORALEX INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 49,38 CAD
Average target price 49,43 CAD
Spread / Average Target 0,10%
EPS Revisions
Managers and Directors
Patrick Decostre General Manager-Europe
Bruno Guilmette Chief Financial Officer & Vice President
Alain Rhéaume Chairman
Nicolas Mabboux VP-Information Technology & Digital Transformation
Alain Pouliot Assistant General Manager-Operations
Sector and Competitors
1st jan.Capi. (M$)
BORALEX INC.42.39%3 920
NEXTERA ENERGY-5.76%172 861
DUKE ENERGY CORPORATION4.06%84 050
SOUTHERN COMPANY12.67%82 138
DOMINION ENERGY, INC.5.10%67 061
IBERDROLA, S.A.0.67%66 403