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Boralex Inc Cl A (TSE:BLX)
TSX:BLX
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.45Last Year’s EPS
0.53Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 28, 2025
|% Change Since: -1.42%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights a significant increase in project financing and strategic positioning in growth markets, but these are tempered by lower-than-expected financial performance and production due to weather challenges and construction delays. The sentiment is mixed, with strong financial moves and strategic growth plans offset by operational challenges.Company Guidance
During the Boralex Fourth Quarter and Fiscal 2024 Financial Results Conference Call, the company provided guidance on several key metrics. Boralex reported a record CAD1.2 billion in long-term financing and highlighted a combined operating income of CAD267 million and a combined EBITDA of CAD670 million, both slightly down from 2023. The company's total combined production was 2% lower than in 2023, with wind conditions in France and Canada being weaker than expected, though diversification in the US helped offset this. Boralex's project pipeline grew by over 1.1 gigawatts, totaling 7 gigawatts, with significant progress in projects like Limekiln in Scotland and Apuiat in Quebec. The company plans to submit bids in the AR7 RFP and is exploring asset recycling and a share buyback program to enhance shareholder value. Looking forward, Boralex is focused on strategic growth, preparing to present a new strategic plan for 2025 to 2030, while maintaining a solid financial position with project debt at 89% of total debt.Record Long-Term Financing
Boralex closed a record CAD1.2 billion in long-term financing, including bridged loans for federal investment tax credit in Canada for projects under construction.
Project Expansion and Diversification
The company made progress on the construction of the Limekiln project in Scotland and the Apuiat project in Quebec, with Limekiln connected to the grid. Their project portfolio now totals over 8 gigawatts, a 1.2 gigawatt increase over 2023.
New Strategic Plan and Share Buyback Program
Boralex will present a new strategic plan for 2025 to 2030 and has initiated a share buyback program, believing their stock is undervalued.
Strong Market Positioning
Boralex is well-positioned in Canada, with strong local expertise and good relationships with First Nations and communities, as well as significant growth opportunities in Europe and the US.
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TSE:BLX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:BLX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 28, 2025 | C$29.62 | C$29.67 | +0.17% |
| Nov 14, 2024 | C$32.44 | C$32.51 | +0.22% |
| Aug 14, 2024 | C$33.98 | C$34.09 | +0.32% |
| May 15, 2024 | C$28.74 | C$30.75 | +6.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Boralex Inc Cl A (TSE:BLX) report earnings?
Boralex Inc Cl A (TSE:BLX) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Boralex Inc Cl A (TSE:BLX) earnings time?
Boralex Inc Cl A (TSE:BLX) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:BLX EPS forecast?
TSE:BLX EPS forecast for the fiscal quarter 2025 (Q1) is 0.45.
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