Canada's Boralex Q4 revenue misses estimates on lower short-term contract prices in France
Overview
Canada renewable energy firm's Q4 revenue rose 6% yr/yr but missed analyst expectations
Net earnings for Q4 improved to C$26 mln, up from a loss in Q4 2024
Company's production increased 18% in Q4 due to favorable wind conditions and new sites
Outlook
Boralex aims to double installed capacity by 2030 with C$8 bln investments
Company plans expansion in wind, solar, and battery storage systems
Boralex actively participating in tender calls in key markets
Result Drivers
FAVORABLE WIND CONDITIONS - Increased production in Q4 2025 attributed to better wind conditions and new site contributions in Europe and Canada
PRICE DECLINE IN FRANCE - Revenue growth impacted by lower short-term electricity contract prices in France
EXPANSION AND DIVERSIFICATION - Strategic expansion in the UK and diversification into battery energy storage systems highlighted as growth drivers
Company press release: ID:nGNX9v016b
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | C$241 mln | C$246.50 mln (2 Analysts) |
Q4 Net Income |
| C$26 mln |
|
Q4 EBITDA |
| C$178 mln |
|
Q4 Operating Income |
| C$68 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy"
Wall Street's median 12-month price target for Boralex Inc is C$35.00, about 27.4% above its February 26 closing price of C$27.47
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 24 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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