National Bank Financial Expects Lower Earnings for Boralex

Key Points

• National Bank Financial has lowered its Q2 2025 earnings per share (EPS) estimate for Boralex from $0.14 to $0.08, while maintaining a "Strong-Buy" rating.
• Several brokerages, including Desjardins and BMO Capital Markets, have adjusted their price targets and ratings for Boralex, with a consensus target price currently set at C$39.22.
• Boralex's shares traded flat at C$31.59, with notable financial metrics including a market capitalization of C$3.29 billion and a PE ratio of 46.31.

Boralex Inc. (TSE:BLX - Free Report) - Investment analysts at National Bank Financial decreased their Q2 2025 earnings estimates for Boralex in a report issued on Wednesday, July 23rd. National Bank Financial analyst B. Sidhu now forecasts that the company will post earnings of $0.08 per share for the quarter, down from their previous estimate of $0.14. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Boralex's current full-year earnings is $1.34 per share. National Bank Financial also issued estimates for Boralex's Q4 2025 earnings at $0.51 EPS, FY2025 earnings at $0.64 EPS and FY2026 earnings at $0.73 EPS.

A number of other research analysts have also recently weighed in on BLX. TD Securities boosted 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 report on Wednesday, June 18th. Scotiabank cut shares of Boralex from an "outperform" rating to a "sector perform" rating and set a C$36.00 price objective on the stock. in a research report on Friday, July 18th. Raymond James Financial upgraded shares of Boralex to a "moderate buy" rating in a research report on Thursday, May 15th. National Bankshares boosted their price objective on shares of Boralex from C$42.00 to C$43.00 and gave the company an "outperform" rating in a research report on Thursday, June 19th. Finally, Desjardins set a C$45.00 price objective on shares of Boralex and gave the company a "top pick" rating in a research report on Wednesday, June 18th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Boralex has an average rating of "Buy" and an average price target of C$39.22.

Boralex Price Performance

BLX traded down C$0.14 during trading hours on Friday, hitting C$31.45. The company's stock had a trading volume of 36,451 shares, compared to its average volume of 326,941. The company has a current ratio of 0.86, a quick ratio of 1.54 and a debt-to-equity ratio of 233.60. Boralex has a 12 month low of C$24.40 and a 12 month high of C$36.63. The stock has a market cap of C$3.27 billion, a price-to-earnings ratio of 46.11, a P/E/G ratio of 2.01 and a beta of 0.46. The business's 50-day moving average price is C$31.81 and its 200-day moving average price is C$29.46.

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.