Overview

* Boralex ( BRLXF ) Q3 revenue misses analyst expectations, net loss widens year-over-year

* Company reports EBITDA of C$85 mln, down from Q3 2024 due to lower French prices

* Boralex ( BRLXF ) commissions 100 MW Apuiat wind farm, boosting installed capacity

Outlook

* Boralex ( BRLXF ) aims to double installed capacity by 2030 with C$8 bln in investments

* Company plans to commission Hagersville and Tilbury projects in Q4 2025

* Boralex ( BRLXF ) submitted wind project proposals for Ontario's LT2 tender

Result Drivers

* PRODUCTION INCREASE - Production rose 7% from Q3-2024 due to newly commissioned sites in Europe

* WEATHER IMPACT - Production fell 13% below anticipated levels due to unfavorable weather in North America and Europe

* PRICE DROP IN FRANCE - Lower prices in France under short-term power purchase agreements impacted EBITDA

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss C$144 C$175.70

Revenue mln mln (2

Analysts

)

Q3 Net -C$30

Income mln

Q3 C$85 mln

EBITDA

Q3 -C$1 mln

Operatin

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "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 ( BRLXF ) is C$38.50, about 27.1% above its November 6 closing price of C$28.07

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release:

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(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.)