Raymond James Financial Predicts Boralex Q2 Earnings

Boralex Inc. (TSE:BLX - Free Report) - Research analysts at Raymond James Financial raised their Q2 2025 earnings per share (EPS) estimates for Boralex in a research report issued on Wednesday, June 18th. Raymond James Financial analyst D. Magder now anticipates that the company will earn ($0.05) per share for the quarter, up from their prior forecast of ($0.12). Raymond James Financial has a "Moderate Buy" rating on the stock. The consensus estimate for Boralex's current full-year earnings is $1.34 per share. Raymond James Financial also issued estimates for Boralex's Q3 2025 earnings at ($0.16) EPS, FY2025 earnings at $0.94 EPS and Q3 2026 earnings at ($0.08) EPS.

Several other equities research analysts have also recently weighed in on the company. TD Securities upped their target price on Boralex from C$35.00 to C$38.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. BMO Capital Markets cut their target price on Boralex from C$42.00 to C$39.00 in a research note on Thursday, May 22nd. Desjardins set a C$45.00 target price on Boralex and gave the stock a "top pick" rating in a research note on Wednesday, June 18th. National Bank Financial upgraded Boralex to a "strong-buy" rating in a research note on Sunday, June 8th. Finally, National Bankshares upped their target price on Boralex from C$42.00 to C$43.00 and gave the stock an "outperform" rating in a research note on Thursday, June 19th. One analyst has rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$39.22.

Boralex Price Performance

TSE BLX traded up C$0.12 on Monday, hitting C$31.70. 220,656 shares of the company's stock were exchanged, compared to its average volume of 340,667. The stock has a 50-day moving average of C$31.24 and a 200-day moving average of C$29.02. The company has a current ratio of 0.86, a quick ratio of 1.54 and a debt-to-equity ratio of 233.60. Boralex has a 52 week low of C$24.40 and a 52 week high of C$36.63. The stock has a market cap of C$3.30 billion, a price-to-earnings ratio of 46.47, a P/E/G ratio of 2.01 and a beta of 0.46.

About Boralex

Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex's plants rely on wind power, while a significant number also employ hydroelectric power.