Boralex Stock Price, News & Analysis (TSE:BLX) C$31.87 -0.10 (-0.31%) (As of 12/8/2023 ET) Add Compare Share Share Today's RangeC$31.68▼C$32.5050-Day RangeC$25.73▼C$32.1552-Week RangeC$25.40▼C$43.43Volume176,341 shsAverage Volume279,771 shsMarket CapitalizationC$3.28 billionP/E Ratio44.89Dividend Yield2.07%Price TargetC$42.85 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Boralex MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.88 Rating ScoreUpside/Downside34.5% UpsideC$42.85 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring SharesC$1.43 M Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.62 out of 5 stars 4.4 Analyst's Opinion Consensus RatingBoralex has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$42.85, Boralex has a forecasted upside of 34.5% from its current price of C$31.87.Amount of Analyst CoverageBoralex has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for BLX. Previous Next 0.8 Dividend Strength Dividend YieldBoralex pays a meaningful dividend of 2.10%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthBoralex does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Boralex is 92.96%. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BLX. Previous Next 0.6 News and Social Media Coverage Search InterestOnly 2 people have searched for BLX on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat Follows2 people have added Boralex to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Boralex insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$1,427,286.00 in company stock and sold C$0.00 in company stock.Percentage Held by InsidersOnly 0.30% of the stock of Boralex is held by insiders.Percentage Held by Institutions57.11% of the stock of Boralex is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Boralex is 44.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.05.Price to Earnings Ratio vs. SectorThe P/E ratio of Boralex is 44.89, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 101.24.Price to Earnings Growth RatioBoralex has a PEG Ratio of 0.99. PEG Ratios around 1 indicate that a company is correctly valued.Price to Book Value per Share RatioBoralex has a P/B Ratio of 1.91. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Boralex Stock (TSE:BLX)Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, the United States, and the United Kingdom. As of December 31, 2022, the company had interests in 90 wind farms with an installed capacity of 2,584 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; and 12 solar power stations with an installed capacity of 255 MW. Boralex Inc. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.Read More BLX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BLX Stock News HeadlinesNovember 8, 2023 | finance.yahoo.comREMINDER -- Boralex will release its 2023 third quarter financial results on November 9October 18, 2023 | markets.businessinsider.comBoralex Inc Cl A (BLX) Gets a Buy Rating from BMO CapitalDecember 10, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.September 11, 2023 | markets.businessinsider.comBoralex Inc Cl A (BLX) Received its Third Buy in a RowSeptember 8, 2023 | finanznachrichten.deBoralex Inc.: Boralex and the Innu announce the closing of a financing for over $600 million for the Apuiat wind farm in QuebecSeptember 8, 2023 | markets.businessinsider.comBMO Capital Thinks Boralex Inc Cl A’s Stock is Going to RecoverSeptember 8, 2023 | finance.yahoo.comBoralex and the Innu announce the closing of a financing for over $600 million for the Apuiat wind farm in QuebecSeptember 1, 2023 | finance.yahoo.comWith 52% ownership of the shares, Boralex Inc. (TSE:BLX) is heavily dominated by institutional ownersDecember 10, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.August 23, 2023 | theglobeandmail.comBoralex: Top 10 Undervalued Utilities Sector Stocks on TSX (BLX)August 16, 2023 | finance.yahoo.comIs Boralex Inc.'s (TSE:BLX) 0.7% ROE Worse Than Average?August 14, 2023 | msn.comBoralex shares jump 10% after reporting Q2 profit up from year agoAugust 14, 2023 | proactiveinvestors.comBoralex stock rises as French prices and new wind farms boost revenueAugust 14, 2023 | markets.businessinsider.comBoralex increases its net earnings and combined results by actively pursuing its growth strategy in the second quarter of 2023August 11, 2023 | theglobeandmail.comHousing, Retail Figures Due Next WeekJuly 26, 2023 | markets.businessinsider.comBoralex Inc Cl A (BLX) Receives a Hold from RBC CapitalJuly 26, 2023 | finance.yahoo.comCorporate Social Responsibility: Boralex raises EcoVadis score, retains Gold MedalJuly 21, 2023 | markets.businessinsider.comCIBC Thinks Boralex Inc Cl A’s Stock is Going to RecoverJuly 15, 2023 | finance.yahoo.comBoralex Inc. (TSE:BLX) Shares Could Be 39% Below Their Intrinsic Value EstimateJuly 13, 2023 | finance.yahoo.comBoralex will release its 2023 second quarter financial results on August 14June 28, 2023 | finance.yahoo.comBoralex ranks once again among Corporate Knights’ Best 50 Corporate Citizens in CanadaMay 17, 2023 | finance.yahoo.comOntario RPF: Boralex is the Leading Awardee, with Two Storage Projects Totaling 380 MW SelectedMay 12, 2023 | markets.businessinsider.comRBC Capital Sticks to Its Hold Rating for Boralex Inc Cl A (BLX)May 11, 2023 | finance.yahoo.comIndustry Analysts Just Upgraded Their Boralex Inc. (TSE:BLX) Revenue Forecasts By 10%May 8, 2023 | finance.yahoo.comBoralex (TSE:BLX) shareholders have earned a 14% CAGR over the last five yearsApril 18, 2023 | theglobeandmail.comClosing Bell: Boralex Inc down on Tuesday (BLX)April 18, 2023 | finance.yahoo.comBoralex will release its 2023 first quarter financial results on May 10See More Headlines Receive BLX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Boralex and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 9/18 Dividend8/30/2023Dividend Payable9/18/2023Last Earnings11/09/2023Ex-Dividend for 12/15 Dividend11/29/2023Today12/10/2023Dividend Payable12/15/2023Next Earnings (Estimated)2/23/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Utilities - Renewable Sub-IndustryN/A SectorUtilities Current SymbolTSE:BLX CUSIPN/A CIKN/A Webwww.boralex.com Phone+1-819-3636363FaxN/AEmployees746Year FoundedN/APrice Target and Rating Average Stock Price TargetC$42.85 High Stock Price TargetC$57.50 Low Stock Price TargetC$36.00 Potential Upside/Downside+34.5%Consensus RatingModerate Buy Rating Score (0-4)2.88 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.71 Trailing P/E Ratio44.89 Forward P/E Ratio28.37 P/E Growth0.99Net IncomeC$73 million Net Margins7.11% Pretax MarginN/A Return on Equity3.27% Return on Assets2.11% Debt Debt-to-Equity Ratio168.91 Current Ratio1.17 Quick Ratio1.54 Sales & Book Value Annual SalesC$1.03 billion Price / Sales3.18 Cash FlowC$5.01 per share Price / Cash Flow6.36 Book ValueC$16.71 per share Price / Book1.91Miscellaneous Outstanding Shares102,770,000Free FloatN/AMarket CapC$3.28 billion OptionableNot Optionable Beta0.38 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Patrick Decostre (Age 50)President, CEO & Director Comp: $1.1MMr. Bruno Guilmette (Age 57)CFO & EVP Comp: $784.21kMr. Pascal HurtubiseExecutive VP & Chief Legal OfficerMr. Hugues GirardinExecutive VP & GM of North AmericaMr. Nicolas WolffExecutive VP & GM of EuropeMr. Stéphane MilotSenior Director of Investors RelationsMs. Isabelle FontaineSenior Vice President of Marketing, Public Affairs & Corporate CommunicationsMs. Marie-Josée ArsenaultExecutive VP and Chief People & Culture OfficerAdam RossoSenior Vice President of Development of North AmericaMr. Alain PouliotSenior Vice President of Asset Management of North AmericaMore ExecutivesKey CompetitorsTransAlta RenewablesTSE:RNWInnergex Renewable EnergyTSE:INENorthland PowerTSE:NPIAlgonquin Power & UtilitiesTSE:AQNBrookfield RenewableTSE:BEPCView All CompetitorsInsidersAndré CourvilleBought 100 shares on 11/27/2023Total: C$2,905.50 ($29.06/share)Patrick DecostreBought 195 shares on 11/17/2023Total: C$5,930.89 ($30.41/share)Caisse de dépôt et placement du QuébecBought 55,000 shares on 10/25/2023Total: C$1.42 M ($25.79/share)View All Insider Transactions BLX Stock Analysis - Frequently Asked Questions Should I buy or sell Boralex stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BLX shares. View BLX analyst ratings or view top-rated stocks. What is Boralex's stock price target for 2024? 8 analysts have issued 12-month price targets for Boralex's shares. Their BLX share price targets range from C$36.00 to C$57.50. On average, they predict the company's share price to reach C$42.85 in the next twelve months. This suggests a possible upside of 34.5% from the stock's current price. View analysts price targets for BLX or view top-rated stocks among Wall Street analysts. How have BLX shares performed in 2023? Boralex's stock was trading at C$40.02 at the beginning of the year. Since then, BLX stock has decreased by 20.4% and is now trading at C$31.87. View the best growth stocks for 2023 here. When is Boralex's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, February 23rd 2024. View our BLX earnings forecast. How were Boralex's earnings last quarter? Boralex Inc. (TSE:BLX) posted its quarterly earnings results on Thursday, November, 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.08. The business had revenue of $178 million for the quarter, compared to analysts' expectations of $178.10 million. Boralex had a trailing twelve-month return on equity of 3.27% and a net margin of 7.11%. How often does Boralex pay dividends? What is the dividend yield for Boralex? Boralex declared a quarterly dividend on Thursday, November 9th. Investors of record on Thursday, November 30th will be paid a dividend of 0.165 per share on Friday, December 15th. This represents a $0.66 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, November 29th. Read our dividend analysis for BLX. Is Boralex a good dividend stock? Boralex (TSE:BLX) pays an annual dividend of C$0.66 per share and currently has a dividend yield of 2.10%. The dividend payout ratio is 92.96%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for BLX. What other stocks do shareholders of Boralex own? Based on aggregate information from My MarketBeat watchlists, some companies that other Boralex investors own include Fortis (FTS), Enbridge (ENB), Algonquin Power & Utilities (AQN), Bank of Nova Scotia (BNS), Pembina Pipeline (PPL), RioCan Real Estate Investment Trust (REI.UN), Power Financial (PWF), TC Energy (TRP), Air Canada (AC) and Bombardier, Inc. Class B (BBD.B). How do I buy shares of Boralex? Shares of BLX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. This page (TSE:BLX) was last updated on 12/10/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Boralex Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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