Q: Why is the Asset Class of Boralex classified as Energy and Fortis is classified as Utilities. Why the difference? Thanks.
5i Research Answer:
Our data comes from the TSX via Quote Media, and this is the classification they both use. 95% of BLX's revenue is generated by energy and considering its stable cash flow its business is certainly 'utility-like'. But we do not know the specifc reasons behind the classification decision.