Raymond James Financial Comments on Boralex FY2025 Earnings

Key Points

• Raymond James Financial has lowered its FY2025 earnings per share (EPS) estimate for Boralex Inc. from $0.94 to $0.89.
• Other analysts, including National Bankshares and TD Securities, have adjusted their price targets for Boralex, reflecting a mix of ratings from "buy" to "outperform."
• Boralex's stock opened at C$29.64, with a market capitalization of C$3.09 billion and a P/E ratio of 43.45.

Boralex Inc. (TSE:BLX - Free Report) - Equities researchers at Raymond James Financial cut their FY2025 earnings per share estimates for shares of Boralex in a research note issued to investors on Monday, August 11th. Raymond James Financial analyst D. Magder now expects that the company will post earnings of $0.89 per share for the year, down from their previous estimate of $0.94. Raymond James Financial has a "Moderate Buy" rating on the stock. The consensus estimate for Boralex's current full-year earnings is $1.34 per share. Raymond James Financial also issued estimates for Boralex's Q4 2026 earnings at $0.84 EPS.

A number of other equities research analysts have also recently issued reports on BLX. Scotiabank dropped their price objective on Boralex from C$36.00 to C$35.00 and set a "sector perform" rating on the stock in a research note on Monday, August 11th. TD Securities upped their price objective on Boralex from C$35.00 to C$38.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. BMO Capital Markets dropped their price objective on Boralex from C$42.00 to C$39.00 in a research note on Thursday, May 22nd. Desjardins set a C$45.00 price objective on Boralex and gave the stock a "top pick" rating in a research note on Wednesday, June 18th. Finally, National Bank Financial upgraded Boralex to a "strong-buy" rating in a research note on Sunday, June 8th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$39.00.

Boralex Stock Up 2.4%

Shares of Boralex stock traded up C$0.70 on Wednesday, reaching C$30.43. 368,576 shares of the company were exchanged, compared to its average volume of 329,126. Boralex has a one year low of C$24.40 and a one year high of C$36.63. The company has a market capitalization of C$3.17 billion, a price-to-earnings ratio of 44.61, a PEG ratio of 2.01 and a beta of 0.46. The company has a current ratio of 0.86, a quick ratio of 1.54 and a debt-to-equity ratio of 233.60. The company has a 50-day moving average of C$31.56 and a 200 day moving average of C$29.91.

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.