Boralex Shares Rise on Strategic Review of Alternatives

Dow Jones03-24

By Adriano Marchese

Boralex shares rose Tuesday after the renewable energy company said it has launched a review to consider alternatives.

Shares rose 8.9% to 33.42 Canadian dollars ($24.36).

The Montreal-based renewable power producer late on Monday said its board has formed a special committee to review and recommend strategic alternatives.

The company develops and operates renewable wind, hydroelectric and solar facilities, and provides energy storage solutions in the markets of Canada, France and the U.K.

Boralex confirmed the strategic review in response to a Bloomberg report Monday that it was weighing options including a potential deal to go private, citing unidentified people familiar close to the matter.

Including Tuesday's trading, the stock is up nearly 32% so far this year, with the latest climb bringing the company's valuation to C$3.43 billion.

Boralex said it doesn't plan to make any further comments on the review unless there is a definitive transaction to announce, but cautioned that there is no assurance that any particular outcome will come from the review.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 24, 2026 10:50 ET (14:50 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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