Canada's Boralex Q4 revenue misses estimates on lower short-term contract prices in France

Boralex

27/02/2026 12:38

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.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)