11:43 AM EDT, 06/17/2025 (MT Newswires) -- (Adds comment and updates shares.)

Boralex ( BRLXF ) said Tuesday it plans to achieve compound annual operating income growth of 12% to 14% though 2030 as the company outlined its strategic plan and financial objectives.

As it staged its annual investor day, the renewable-power producer also said it aims to achieve consolidated EBITDA growth of 7% to 9% and combined EBITDA of 8%-10%. It flagged cash-flow growth related to operating activities per share and of discretionary cash flows per share between 8% to 10%.

On its main business indicators, Boralex ( BRLXF ) plans total investments of $6.8 billion, plus $1.2 billion for projects scheduled to be commissioned after 2030. It sees minimum levered internal rate of return on investments threshold of between 10% and 12% adjusted for specific risks by region and technology as well as changes in cost of capital. It also sees payout ratio of 20% to 40% in discretionary cash flows.

Among strategy highlights, Boralex ( BRLXF ) cited an increase in the weighted average remaining contract duration from 11 years in 2024 to 14 years by 2030, and doubling the company's installed capacity every five years within an environment aimed at a net-zero trajectory by 2050.

"In a context where climate risk remains one of the main business risks globally, our strategy aims to combine sustainable growth with performance through the production of renewable and affordable energy," chief executive Patrick Decostre said.

"By executing this plan, we are unlocking the full potential of our business model, which will allow us to seize the most promising opportunities in the four markets where we are already active and where demand for renewable energy is growing rapidly," Decostre added.

National Bank of Canada maintained its outperform rating and $42,00 price target on the company's shares following the outlook.

The bank said it expects the market to positively view Boralex's ( BRLXF ) introduction of cash flow per share metrics and overarching plan. But it noted that the overhang regarding U.S. Senate progress on wind and solar tax credits may offset sentiment.

Boralex ( BRLXF ) shares were last seen up $0.37 to $33.10 on the Toronto Stock Exchange.

Price: 33.06, Change: +0.33, Percent Change: +1.01