Boralex, a Montreal-based renewable energy leader, is exiting Canada’s public markets after Brookfield and Caisse de Depot agreed to a C$9 billion takeover. The deal ends Boralex’s 30-year stock market run, with Brookfield owning 70% and Caisse doubling its stake to 30%. CEO Patrick Decostre cited weak valuations and C$500 million equity needs for expansion as reasons for the shift.

Renewables stocks have slumped, trading at half their 2021 peaks amid Donald Trump’s anti-wind policies and market volatility. Boralex’s assets—including stable Hydro-Quebec contracts and AI-driven data center demand—are undervalued publicly, according to analysts. The private sale resolves a “valuation disconnect,” as noted by Harbourfront Wealth’s Theresa Shutt.

Critics argue Canada’s TSX is becoming a “bad deal” for growth firms, with thin liquidity and short-term pressure driving delistings. Over four years, public companies on major exchanges have shrunk, creating a cycle where departures worsen market conditions. Ewing Morris’ Darcy Morris warns this risks leaving retail investors with fewer options.

BMO’s US banking unit, meanwhile, aims to boost returns via AI-driven efficiency and focused lending, while Goeasy secured lender concessions after loan losses. The Boralex sale highlights broader trends: private capital absorbing undervalued assets, while public markets struggle to reward long-term growth.