Topic: How To Invest

Q: Hi, Pat: May I please have your opinion of Boralex? Thanks.

Article Excerpt

A: Boralex Inc., $35.47, symbol BLX on Toronto (Shares outstanding: 102.5 million; Market cap: $3.5 billion; www.boralex.com), generates power from renewable sources—wind, hydroelectric, geothermal and solar. The company owns and operates 107 power stations in Canada, the U.S. and France. It has a total capacity of 2,055 megawatts. Wind accounts for 88% of Boralex’s generating capacity, followed by hydroelectric (9%), thermal (2%) and solar (1%). It is also developing projects that should add 61 megawatts to its capacity between now and the end of 2022. Over the past five years, the company’s revenue has risen sharply—up 114.4%, from $267.7 million in 2015 to $574.0 million in 2019. Boralex lost $8.2 million, or $0.21 a share in 2015. It then lost $2.0 million, or $0.03 a share in 2016, followed by a profit of $10.0 million, or $0.29, in 2017. The company reported a loss of $44.0 million, or $0.45, in 2018. It then lost $43.0 million, or $0.43 a share, in 2019. However, cash…

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