Cormark Issues Pessimistic Estimate for Boralex Earnings

Boralex Inc. (TSE:BLX - Free Report) - Investment analysts at Cormark cut their FY2026 earnings estimates for Boralex in a report issued on Wednesday, June 18th. Cormark analyst N. Boychuk now expects that the company will post earnings of $1.29 per share for the year, down from their previous forecast of $1.30. The consensus estimate for Boralex's current full-year earnings is $1.34 per share.

Other equities research analysts have also issued reports about the stock. National Bankshares reduced their price objective on shares of Boralex from C$43.00 to C$42.00 and set an "outperform" rating on the stock in a research note on Thursday, May 22nd. Desjardins set a C$45.00 price target on Boralex and gave the stock a "top pick" rating in a report on Wednesday. National Bank Financial raised Boralex to a "strong-buy" rating in a research note on Sunday, June 8th. BMO Capital Markets cut their target price on Boralex from C$42.00 to C$39.00 in a research report on Thursday, May 22nd. Finally, Raymond James Financial raised Boralex to a "moderate buy" rating in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$39.11.

Boralex Stock Performance

TSE:BLX opened at C$32.66 on Thursday. The company has a market capitalization of C$3.40 billion, a PE ratio of 47.88, a P/E/G ratio of 2.01 and a beta of 0.46. The company has a 50 day simple moving average of C$30.87 and a two-hundred day simple moving average of C$28.93. The company has a debt-to-equity ratio of 233.60, a quick ratio of 1.54 and a current ratio of 0.86. Boralex has a fifty-two week low of C$24.40 and a fifty-two 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.

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