06:23 AM EDT, 03/24/2026 (MT Newswires) -- Renewable energy firm Boralex ( BRLXF ) overnight Monday said it is aware of recent statements in the media regarding a strategic review of alternatives being conducted by the corporation.

The corporation in a statement confirmed that its Board of Directors has formed a special committee to review and recommend strategic alternatives. It said: "The special committee is continuing its strategic review and there can be no assurance that such review will result in a transaction. The corporation remains focused on its stated business strategy and enhancing value for its shareholders. The corporation does not intend to make any further comment unless or until there is a definitive transaction to announce or unless otherwise determined that further disclosure is appropriate or required by law."

Investing.com reported late Monday afternoon that Boralex ( BRLXF ) is currently weighing its strategic options, including a potential deal to take the company private. The Montreal-based firm is reportedly working alongside Canadian banks to evaluate incoming proposals, according to reporting from Bloomberg, citing people familiar with the matter.

Shares in BLX rose 8.6% yesterday.