Raymond James Has Positive Forecast for Boralex Q2 Earnings

Boralex Inc. (TSE:BLX - Free Report) - Investment analysts at Raymond James raised their Q2 2025 earnings per share (EPS) estimates for shares of Boralex in a research report issued on Tuesday, April 29th. Raymond James analyst T. Genzebu now anticipates that the company will earn ($0.08) per share for the quarter, up from their previous forecast of ($0.13). The consensus estimate for Boralex's current full-year earnings is $1.34 per share. Raymond James also issued estimates for Boralex's Q3 2025 earnings at ($0.18) EPS, Q4 2025 earnings at $0.84 EPS, FY2025 earnings at $0.91 EPS and FY2026 earnings at $1.69 EPS.

BLX has been the subject of several other research reports. CIBC cut their price target on shares of Boralex from C$42.00 to C$40.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Scotiabank reduced 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 note on Thursday, January 30th. National Bankshares dropped their price objective on shares of Boralex from C$46.00 to C$43.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Finally, Cormark dropped their target price on Boralex from C$47.00 to C$35.00 in a report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Boralex has an average rating of "Buy" and an average price target of C$40.25.

Boralex Stock Performance

Shares of TSE:BLX traded up C$0.29 during midday trading on Friday, reaching C$30.91. The company's stock had a trading volume of 149,292 shares, compared to its average volume of 349,245. 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 twelve month low of C$24.40 and a twelve month high of C$36.68. The stock has a fifty day moving average of C$29.15 and a 200 day moving average of C$29.10. The firm has a market capitalization of C$3.22 billion, a PE ratio of 45.32, a P/E/G ratio of 2.01 and a beta of 0.46.

Insider Activity at Boralex

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

Boralex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were issued a $0.165 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.14%. Boralex's payout ratio is 96.76%.

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.