National Bank Financial Weighs in on Boralex Q3 Earnings

Boralex Inc. (TSE:BLX - Free Report) - Investment analysts at National Bank Financial increased their Q3 2025 EPS estimates for shares of Boralex in a research note issued on Tuesday, April 8th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of ($0.19) for the quarter, up from their previous forecast of ($0.20). The consensus estimate for Boralex's current full-year earnings is $1.34 per share.

Several other analysts also recently issued reports on BLX. National Bankshares cut their price objective on Boralex from C$46.00 to C$43.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. Raymond James lowered their target price on Boralex from C$41.00 to C$39.00 in a report on Monday, March 3rd. Cormark lowered their price target on shares of Boralex from C$47.00 to C$35.00 in a report on Thursday, January 30th. Scotiabank lowered their price objective on shares of Boralex from C$42.00 to C$36.00 and set a "sector perform" rating for the company in a research report on Thursday, January 30th. Finally, CIBC reduced their price objective on shares of Boralex from C$42.00 to C$40.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boralex presently has an average rating of "Buy" and an average target price of C$40.25.

Boralex Stock Performance

Shares of TSE:BLX traded up C$0.25 during trading on Friday, reaching C$29.16. 103,467 shares of the company's stock traded hands, compared to its average volume of 363,697. Boralex has a 12 month low of C$24.40 and a 12 month high of C$36.68. The stock has a market capitalization of C$3.04 billion, a P/E ratio of 42.75, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The company has a debt-to-equity ratio of 233.60, a current ratio of 0.86 and a quick ratio of 1.54. The company has a 50 day moving average of C$28.07 and a 200-day moving average of C$29.73.

Boralex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were given a $0.165 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.66 annualized dividend and a yield of 2.26%. Boralex's dividend payout ratio is presently 96.76%.

Insider Buying and Selling

In other news, Director Ricky Fontaine bought 1,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of C$29.10 per share, with a total value of C$29,100.00. Also, Director Patrick Decostre sold 8,671 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$30.00, for a total transaction of C$260,130.00. 0.16% of the stock is currently owned by insiders.

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.