National Bank Financial Forecasts Boralex Q3 Earnings

Key Points

• National Bank Financial has raised its Q3 2025 earnings per share estimate for Boralex from ($0.25) to ($0.24), maintaining a "Strong-Buy" rating for the stock.
• Other analysts have mixed views, with TD Securities increasing their price target to C$38.00 and Desjardins setting a target of C$45.00, while BMO Capital Markets and Scotiabank have lowered their targets recently.
• Boralex, an electric utility company focused on renewable energy, has a current average stock rating of "Buy" and a consensus price target of C$38.89.

Boralex Inc. (TSE:BLX - Free Report) - Equities researchers at National Bank Financial boosted their Q3 2025 EPS estimates for shares of Boralex in a report issued on Sunday, August 10th. National Bank Financial analyst B. Sidhu now expects that the company will earn ($0.24) per share for the quarter, up from their prior estimate of ($0.25). National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Boralex's current full-year earnings is $1.34 per share. National Bank Financial also issued estimates for Boralex's Q4 2025 earnings at $0.44 EPS and FY2025 earnings at $0.39 EPS.

Several other research analysts have also weighed in on the stock. Raymond James Financial raised shares of Boralex to a "moderate buy" rating in a research note on Thursday, May 15th. TD Securities lifted their price objective on shares of Boralex from C$35.00 to C$38.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. BMO Capital Markets lowered their price target on shares of Boralex from C$42.00 to C$39.00 in a research note on Thursday, May 22nd. National Bankshares reduced their target price on shares of Boralex from C$43.00 to C$41.00 and set an "outperform" rating on the stock in a report on Monday, August 11th. Finally, Desjardins set a C$45.00 target price on shares of Boralex and gave the stock a "top pick" rating in a research report on Wednesday, June 18th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$39.00.

Boralex Price Performance

BLX traded up C$0.04 during midday trading on Wednesday, hitting C$29.73. 281,783 shares of the company traded hands, compared to its average volume of 328,875. The business has a 50 day simple moving average of C$31.56 and a two-hundred day simple moving average of C$29.88. The company has a market capitalization of C$3.09 billion, a price-to-earnings ratio of 43.59, a PEG ratio of 2.01 and a beta of 0.46. 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.

Boralex Company Profile

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.