National Bank Financial Lifts Earnings Estimates for Boralex

Boralex Inc. (TSE:BLX - Free Report) - Stock analysts at National Bank Financial lifted their Q3 2025 earnings per share estimates for shares of Boralex in a research report issued on Wednesday, May 14th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of ($0.18) for the quarter, up from their prior forecast of ($0.19). The consensus estimate for Boralex's current full-year earnings is $1.34 per share. National Bank Financial also issued estimates for Boralex's FY2025 earnings at $0.76 EPS and FY2026 earnings at $0.77 EPS.

Other analysts also recently issued reports about the company. BMO Capital Markets cut their target price on Boralex from C$42.00 to C$39.00 in a research note on Thursday. Cormark cut their target price on Boralex from C$47.00 to C$35.00 in a research note on Thursday, January 30th. Raymond James raised Boralex to a "moderate buy" rating in a research report on Thursday, May 15th. National Bankshares cut their price objective on Boralex from C$43.00 to C$42.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Scotiabank cut their price objective on 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. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$39.38.

Boralex Trading Up 2.3%

Shares of BLX traded up C$0.68 during midday trading on Monday, reaching C$30.73. The company had a trading volume of 458,867 shares, compared to its average volume of 347,237. Boralex has a 1-year low of C$24.40 and a 1-year high of C$36.68. The stock has a market cap of C$3.20 billion, a PE ratio of 45.05, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The firm has a 50 day simple moving average of C$29.52 and a 200-day simple moving average of C$28.84. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Friday, February 28th. Boralex's payout ratio is 96.76%.

Insider Activity at Boralex

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