OverviewSuggest Edit

Boralex is a power-producing company dedicated to the development and operation of renewable energy power stations. It has expertise in four power generation types: wind, hydroelectric, thermal, and solar.
TypePublic
Founded1990
HQKingsey Falls, CA
Websiteboralex.com
Employee Ratings4.5

Latest Updates

Employees (est.) (Mar 2021)539(+3%)
Job Openings33
Revenue (FY, 2019)C$564 M(+20%)
Share Price (Nov 2021)C$37.3(-2%)
Cybersecurity ratingCMore
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Key People/Management at Boralex

Patrick Lemaire

Patrick Lemaire

Corporate Director
Patrick Decostre

Patrick Decostre

President and Chief Executive Officer
Bruno Guilmette

Bruno Guilmette

Vice President and Chief Financial Officer
Pascal Hurtubise

Pascal Hurtubise

Vice President, Chief Legal Officer and Corporate Secretary
Marie-Josée Arsenault

Marie-Josée Arsenault

Vice President, Talent and Culture
Julie Cusson

Julie Cusson

Vice President, Public and Corporate Affairs
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Boralex Office Locations

Boralex has offices in Kingsey Falls, Milton, Montréal, Vancouver and in 6 other locations
Kingsey Falls, CA (HQ)
36 Rue Lajeunesse
Milton, CA
201 Mill St
Montréal, CA
900 Boulevard de Maisonneuve O
Vancouver, CA
606 Robson St
Blendecques, FR
71 Rue Jean Jaurès
Lille, FR
8 Rue Anatole France
Show all (11)

Boralex Financials and Metrics

Boralex Revenue

Boralex's revenue was reported to be C$564 m in FY, 2019 which is a 19.7% increase from the previous period.
CAD

Revenue (FY, 2019)

564.0m

Revenue growth (FY, 2018 - FY, 2019), %

19.7%

Net income (FY, 2019)

(43.0m)

EBIT (FY, 2019)

90.0m

Market capitalization (10-Nov-2021)

3.8b

Closing stock price (10-Nov-2021)

37.3

Cash (31-Dec-2019)

153.0m

EV

6.9b
Boralex's current market capitalization is C$3.8 b.
CADFY, 2017FY, 2018FY, 2019

Revenue

473.0m471.0m564.0m

Revenue growth, %

0%20%

General and administrative expense

25.0m31.0m35.0m

R&D expense

17.0m26.0m24.0m
CADFY, 2017FY, 2018FY, 2019

Cash

126.0m157.0m153.0m

Accounts Receivable

88.0m110.0m

Current Assets

343.0m422.0m363.0m

PP&E

3.0b2.9b2.7b
CADFY, 2017FY, 2018FY, 2019

Net Income

10.0m(44.0m)(43.0m)

Depreciation and Amortization

194.0m216.0m244.0m

Cash From Operating Activities

162.0m202.0m294.0m

Purchases of PP&E

(231.0m)(282.0m)(159.0m)
CADFY, 2017

Revenue/Employee

1.4m

Debt/Equity

4.2 x

Debt/Assets

0.7 x

Financial Leverage

5.9 x
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Boralex Operating Metrics

FY, 2017FY, 2018FY, 2019

Power Production, GWh

3.13 k3.42 k4.37 k

Power Production (Wind), GWh

2.2 k2.58 k3.43 k

Power Production (Hydroelectric), GWh

729648756

Power Production (Thermal), GWh

173166158
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Boralex Acquisitions / Subsidiaries

Company NameDateDeal Size
Kallista Energy GroupApril 24, 2018€223 m
Boralex Energie France S.A.S.
Boralex Energy Investment S.A.S.
Boralex EnR S.A.S.
Boralex Europe Sàrl
Boralex Ontario Energy Holdings 2 L.P.
Boralex Ontario Energy Holdings L.P.
Boralex Power Limited Partnership
Boralex Production S.A.S.
Boralex S.A.S.
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Boralex Revenue Breakdown

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Boralex revenue breakdown by business segment: 10.6% from Hydroelectric power stations, 83.5% from Wind power stations and 5.9% from Other

Boralex revenue breakdown by geographic segment: 72.5% from Canada and 27.5% from United States

Boralex Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

SecurityScorecard logo

Boralex Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Boralex Online and Social Media Presence

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Boralex News and Updates

Boralex Announces the Commissioning of the La Grande Borne wind farm (Aisne, Hauts-de-France)

PARIS, Nov. 23, 2021 /PRNewswire/ - Boralex Inc. ("Boralex" or the "Company") (TSX: BLX) is pleased to announce the commissioning of the La Grande Borne wind farm, located near the municipalities of Vendeuil and Remigny, in the Hauts-de-France region of the French department of Aisne. The...

Boralex adds 180 MW to its project portfolio and posts net earnings of $38 million in Q2 2021

Highlights for the 2nd quarter of 2021 Increases in EBITDA(A) and discretionary cash flow EBITDA(A) of $106 million ($117 million)(1) in Q2-2021, up 23% (10%) from $86 million ($107 million) in Q2-2020. Discretionary cash flow of $149 million for the last 12 months, $7 million more than...

/R E P E A T -- Advisory - Boralex to hold 2021 Virtual Investor Day on June 17/

MONTREAL, June 8, 2021 /PRNewswire/ - Boralex Inc. ("Boralex" or "the Company") invites the financial community to attend its 2021 Virtual Investor Day to hear from members of the executive team on Boralex's updated strategic plan and corporate objectives for coming years. The event will...

Boralex and Sun'Agri Join Forces to Develop Agrivoltaics in Europe

LYON, France and MONTRÉAL, June 14, 2021 /PRNewswire/ - Renewable energy producer Boralex ("Boralex" or the "Company") (TSX: BLX) and pioneer of agrivoltaism and global leader Sun'Agri are joining forces to develop agrivoltaics in France and Europe by designing new solar power plants that...

Boralex receives favorable decision in a €50.6 million lawsuit against Innovent

PARIS, France, May 17, 2021 /PRNewswire/ - Boralex Inc. ("Boralex" or the "Company") (TSX: BLX) is pleased to announce that the Tribunal de Commerce de Lille [Lille commercial court] has rendered a decision in its favor, ordering Innovent SAS ("Innovent") and its president, Grégoire...

Boralex adds 180 MW to its project portfolio and posts net earnings of $38 million in Q1 2021

1st quarter of 2021 highlights Discretionary cash flow over the last 12 months at $142 million, in line with the 2023 target of $140 to $150 million EBITDA(A) of $151 million ($162 million) in Q1-2021 compared to $149 million ($169 million) in Q1-2020 Net earnings of $38 million ($43...
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Boralex Frequently Asked Questions

  • When was Boralex founded?

    Boralex was founded in 1990.

  • Who are Boralex key executives?

    Boralex's key executives are Patrick Lemaire, Patrick Decostre and Bruno Guilmette.

  • How many employees does Boralex have?

    Boralex has 539 employees.

  • What is Boralex revenue?

    Latest Boralex annual revenue is C$564 m.

  • What is Boralex revenue per employee?

    Latest Boralex revenue per employee is C$1 m.

  • Who are Boralex competitors?

    Competitors of Boralex include Voltalia, Borea Construction and EGCO.

  • Where is Boralex headquarters?

    Boralex headquarters is located at 36 Rue Lajeunesse, Kingsey Falls.

  • Where are Boralex offices?

    Boralex has offices in Kingsey Falls, Milton, Montréal, Vancouver and in 6 other locations.

  • How many offices does Boralex have?

    Boralex has 11 offices.