National Bank Financial Predicts Lower Earnings for Boralex

Key Points

• National Bank Financial has revised its Q3 2025 earnings per share (EPS) estimate for Boralex down from ($0.18) to ($0.25), while maintaining a "Strong-Buy" rating on the stock.
• Scotiabank has downgraded Boralex from an "outperform" to a "sector perform" rating, while TD Securities and National Bankshares raised their price targets for the stock to C$38.00 and C$43.00, respectively.
• Boralex's stock opened at C$31.59 and has a market capitalization of C$3.29 billion, with a 52-week low of C$24.40 and a high of C$36.63.

Boralex Inc. (TSE:BLX - Free Report) - Equities research analysts at National Bank Financial dropped their Q3 2025 earnings estimates for Boralex in a research report issued on Wednesday, July 23rd. National Bank Financial analyst B. Sidhu now forecasts that the company will post earnings of ($0.25) per share for the quarter, down from their prior estimate of ($0.18). National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for Boralex's current full-year earnings is $1.34 per share.

Several other equities analysts also recently issued reports on the stock. Scotiabank downgraded shares of Boralex from an "outperform" rating to a "sector perform" rating and set a C$36.00 price target for the company. in a report on Friday, July 18th. BMO Capital Markets reduced their price target on shares of Boralex from C$42.00 to C$39.00 in a report on Thursday, May 22nd. National Bankshares boosted their price target on shares of Boralex from C$42.00 to C$43.00 and gave the company an "outperform" rating in a report on Thursday, June 19th. Desjardins set a C$45.00 price target on shares of Boralex and gave the company a "top pick" rating in a report on Wednesday, June 18th. Finally, Raymond James Financial raised shares of Boralex to a "moderate buy" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$39.22.

Boralex Stock Performance

BLX stock traded up C$0.11 during trading on Monday, hitting C$31.45. 25,263 shares of the company's stock traded hands, compared to its average volume of 323,515. The company has a quick ratio of 1.54, a current ratio of 0.86 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 fifty day moving average price of C$31.89 and a two-hundred day moving average price of C$29.52. The stock has a market capitalization of C$3.27 billion, a price-to-earnings ratio of 46.11, a price-to-earnings-growth 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.