Q: What is your opinion on boralax? Is it a buy?
Thanks
Thanks
5i Research Answer:
BLX is focused on renewable energy power facilities. Growth this year is expected to be solid but the growth profile overall tends to be 'chunky' and volatile. Meanwhile, at 27X earnings, the valuation makes sense given near-term growth but also doesn't leave us overly excited from a valuation perspective. We think it is ok but don't see a need to rush into it either.