Asset DivestituresPotential upcoming asset divestitures, such as the Cdn hydro assets, could unlock value and highlight that BLX shares (and the broader renewable sector) are undervalued.
Growth GuidanceBLX highlighted robust growth guidance of 8-10% combined EBITDA CAGR leading to 8-10% discretionary cash per share, with a target of 7GW of generating capacity by 2030.
ValuationCapital recycling will be a positive valuation marker for BLX which currently trades at 10.5x EBITDA while North American contracted wind and solar operating assets are going for 11-12x EBITDA or more and Cdn. contracted hydro 15x+.