Cormark Issues Pessimistic Estimate for Boralex Earnings

Boralex Inc. (TSE:BLX - Free Report) - Analysts at Cormark lowered their FY2026 EPS estimates for Boralex in a report released 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 estimate of $1.30. The consensus estimate for Boralex's current full-year earnings is $1.34 per share.

BLX has been the subject of several other reports. Raymond James Financial raised Boralex to a "moderate buy" rating in a report on Thursday, May 15th. Desjardins set a C$45.00 price objective on shares of Boralex and gave the company a "top pick" rating in a research note on Wednesday. BMO Capital Markets reduced their price objective on shares of Boralex from C$42.00 to C$39.00 in a research note on Thursday, May 22nd. TD Securities upped 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 note on Wednesday. Finally, National Bankshares raised their price objective on shares of Boralex from C$42.00 to C$43.00 and gave the stock an "outperform" rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$39.22.

Boralex Price Performance

Shares of TSE:BLX traded down C$0.41 on Thursday, reaching C$32.35. 945,756 shares of the company traded hands, compared to its average volume of 344,181. 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 stock has a market capitalization of C$3.37 billion, a PE ratio of 47.43, a P/E/G ratio of 2.01 and a beta of 0.46. The company's 50 day moving average is C$31.03 and its 200-day moving average is C$28.96. Boralex has a fifty-two week low of C$24.40 and a fifty-two week high of C$36.63.

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.