Business description: Boralex Inc.

Boralex Inc. is a Canada-based company focused on the development, construction, and operation of renewable energy power facilities. The Company is present in Canada, France, United States and United Kingdom and operates renewable energy production technologies in three sectors: wind, solar and hydroelectricity as well as energy storage technologies. It is an independent producer of onshore wind power in Canada and France. It also has facilities in United States and development projects in United Kingdom. It designs, builds and operates wind energy facilities. Once a wind power plant is up and running, the Company monitors each asset’s performance, ensures regular maintenance and works to improve its efficiency on an ongoing basis. It is also focused on floating solar technology. It develops and deploys agrivoltaic technology. Its installed capacity is over 3.1 gigawatts (GW). Its pipeline of projects and growth path total over 78 GW in wind, solar and electricity storage projects.

Number of employees: 868

Sales by Activity: Boralex Inc.

Fiscal Period: December 2021 (CAD) 2022 (CAD) 2023 (CAD) 2024 (CAD) 2025 (CAD)

Europe - Wind Farms

- - 626M 438M 380M

North America - Wind Farms

- - 245M 264M 297M

Wind Power Stations

542M 681M - - -

North America - Hydroelectric Power Stations

- - 72M 67M 62M

Hydroelectric Power Stations

64M 71M - - -

North America - Solar Power Stations

- - 38M 37M 41M

Europe - Solar Power Stations

- - 13M 11M 14M

Solar Power Stations

44M 60M - - -

North America - Battery Energy Storage Systems

- - - - 2M

Thermal Power Stations

21M 6M - - -

Geographical breakdown of sales: Boralex Inc.

Fiscal Period: December 2021 (CAD) 2022 (CAD) 2023 (CAD) 2024 (CAD) 2025 (CAD)

France

- - 639M 450M 371M

Canada

309M 327M 283M 301M 336M

United States

67M 75M 72M 66M 65M

United Kingdom

- - - - 24M

France and Other

295M 416M - - -

Executive Committee: Boralex Inc.

Manager TitleAgeSince
Chief Executive Officer 54 2020-11-30
Director of Finance/CFO - 2026-03-15
Chief Tech/Sci/R&D Officer - 2022-06-19
Sales & Marketing - -
Director of Finance/CFO - 2025-09-12

Composition of the Board of Directors: Boralex Inc.

Director TitleAgeSince
Director/Board Member 62 2006-08-31
Director/Board Member 64 2016-04-30
Director/Board Member 66 2017-12-31
Chairman 72 2025-09-29
Director/Board Member 55 2019-05-07
Director/Board Member 54 2020-11-30
Director/Board Member 68 2021-05-04
Director/Board Member 66 2024-01-14
Director/Board Member - 2024-08-07
Director/Board Member - 2025-05-13

Shareholders: Boralex Inc.

NameStocks%Valuation
Caisse de dépôt et placement du Québec
15.27 %
15,690,207 15.27 % 410 M $
Manulife Investment Management Ltd.
0.295 %
303,124 0.295 % 8 M $
Swiss Life Asset Managers (France) SA
0.2793 %
286,968 0.2793 % 7 M $
0.2586 %
265,751 0.2586 % 7 M $
Gravis Advisory Ltd.
0.2426 %
249,300 0.2426 % 7 M $

Company details: Boralex Inc.

Boralex, Inc.

36, rue Lajeunesse

J0A 1B0, Kingsey Falls

+819 363 6363

http://www.boralex.com
address Boralex Inc.(BLX)

Group companies: Boralex Inc.

NameCategory and Sector
Electric Utilities
Financial Conglomerates
Electric Utilities
Electric Utilities
Alternative Power Generation

Wind Electric Utilities

Change 5-day change 1-year change 3-year change Capi.($)
-0.07%-0.03%+12.42%+4.78% 2.71B
+0.51%+5.90%-8.14%-25.61% 16.59B
+0.36%+7.13%-19.07%-27.89% 14.85B
-3.39%+11.13%-10.89%-37.38% 2.42B
-2.77%+10.71%-13.62%-5.46% 1.67B
+0.37%+22.46%+105.21% - 975M
+0.53%+0.53%-1.56%-25.59% 937M
+9.95%+10.31%+21.99% - 289M
+2.80%+3.74%-3.10%+6.97% 278M
0.00%0.00%+43.18%+75.00% 138M
Average +0.83%+6.29%+12.64%-4.40% 4.09B
Weighted average by Cap. +0.13%+5.81%-7.86%-23.68%
Trader
Investor
-
Global
-
Quality
-
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
5
Last Close Price
37.04CAD
Average target price
37.25CAD
Spread / Average Target
+0.57%

Quarterly revenue - Rate of surprise

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