TSE:BLX Boralex (BLX) Stock Forecast, Price & News C$30.38 -0.76 (-2.44%) (As of 09/26/2023 ET) Add Compare Share Share Today's RangeC$30.26▼C$31.2750-Day RangeC$29.94▼C$35.8652-Week RangeC$29.75▼C$46.51Volume182,368 shsAverage Volume263,664 shsMarket CapitalizationC$3.12 billionP/E Ratio98.00Dividend Yield2.17%Price TargetC$46.27 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainSocial Media Boralex MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside52.3% UpsideC$46.27 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. 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.1.79 out of 5 stars 3.4 Analyst's Opinion Consensus RatingBoralex has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$46.27, Boralex has a forecasted upside of 52.3% from its current price of C$30.38.Amount of Analyst CoverageBoralex has only been the subject of 3 research reports in the past 90 days. 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 2.12%, 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 212.90%. 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 0.0 News and Social Media Coverage Search InterestOnly 10 people have searched for BLX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Boralex to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Boralex insiders have not sold or bought any 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 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Boralex is 98.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.15.Price to Earnings Ratio vs. SectorThe P/E ratio of Boralex is 98.00, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 93.88.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 1.84. 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 (TSE:BLX) StockBoralex 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BLX Stock News HeadlinesSeptember 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 26, 2023 | Weiss Ratings (Ad)Overlooked AI Stock Gets Urgent "Buy"We issued our first "Buy" rating on Apple when it traded at the equivalent of 56 cents per share. It's up 32,571% since. And while Nvidia is up 3x this year… We called it back in 2011. And it has surged 97x (9,624% to be exact) since then. Now, our Weiss Ratings has issued a "Buy" on a stock that's leading the AI revolution in one of the most profitable industries.September 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 ownersAugust 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?September 26, 2023 | Altimetry (Ad)DOD Consultant's big 2024 prediction looks to be coming trueEarlier this year, a Department of Defense (DOD) consultant went public with a big prediction…About how a surprising 2024 event would dramatically affect you and your money. The most recent figures (published June 9th 2023) indicate he’s very likely to be right. Get the facts—learn how to prepare. Full analysis available free of charge here…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 10April 18, 2023 | finance.yahoo.comBoralex to hold virtual annual meeting of shareholders on May 10, 2023April 7, 2023 | theglobeandmail.comClosing Bell: Boralex Inc up on Thursday (BLX)See 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 BLX Company Calendar Last Earnings8/14/2023Ex-Dividend for 9/18 Dividend8/30/2023Dividend Payable9/18/2023Today9/26/2023Next Earnings (Estimated)11/08/2023Get 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/AEmployees701Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$46.27 High Stock Price ForecastC$57.50 Low Stock Price ForecastC$36.00 Forecasted Upside/Downside+51.5%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.31 Trailing P/E Ratio98.55 Forward P/E Ratio27.00 P/E Growth0.99Net IncomeC$32 million Net Margins3.35% Pretax MarginN/A Return on Equity0.68% Return on Assets1.67% Debt Debt-to-Equity Ratio173.22 Current Ratio0.99 Quick Ratio1.54 Sales & Book Value Annual SalesC$954 million Price / Sales3.29 Cash FlowC$4.80 per share Price / Cash Flow6.36 Book ValueC$16.47 per share Price / Book1.85Miscellaneous Outstanding Shares102,770,000Free FloatN/AMarket CapC$3.14 billion OptionableOptionable Beta0.34 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Patrick Decostre (Age 50)Pres, CEO & Director Comp: $1.1MMr. Bruno Guilmette (Age 57)CFO & EVP Comp: $784.21kMr. Pascal HurtubiseExec. VP & Chief Legal OfficerMr. Hugues GirardinExec. VP & GM of North AmericaMr. Nicolas WolffExec. VP & GM of EuropeMr. Stéphane MilotSr. Director of Investors RelationsMs. Isabelle FontaineSr. VP of Corp. Public Affairs & CommunicationsMs. Marie-Josée ArsenaultExec. VP and Chief People & Culture OfficerAdam RossoSr. VP of Devel. of North AmericaMr. Alain PouliotSr. VP of Asset Management of North AmericaMore ExecutivesKey CompetitorsTransAlta RenewablesTSE:RNWInnergex Renewable EnergyTSE:INENorthland PowerTSE:NPIAlgonquin Power & UtilitiesTSE:AQNBrookfield RenewableTSE:BEPCView All Competitors BLX Stock - 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 2 hold ratings and 6 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 forecast for 2023? 8 analysts have issued 12 month target prices for Boralex's shares. Their BLX share price forecasts range from C$36.00 to C$57.50. On average, they predict the company's stock price to reach C$46.27 in the next year. This suggests a possible upside of 51.5% 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 start of the year. Since then, BLX shares have decreased by 23.7% and is now trading at C$30.55. 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 Wednesday, November 8th 2023. View our BLX earnings forecast. How were Boralex's earnings last quarter? Boralex Inc. (TSE:BLX) issued its earnings results on Monday, August, 14th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.10. The company earned $210 million during the quarter, compared to analysts' expectations of $202.35 million. Boralex had a trailing twelve-month return on equity of 0.68% and a net margin of 3.35%. How often does Boralex pay dividends? What is the dividend yield for Boralex? Boralex declared a quarterly dividend on Monday, August 14th. Shareholders of record on Thursday, August 31st will be paid a dividend of 0.165 per share on Monday, September 18th. This represents a $0.66 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Wednesday, August 30th. 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 1.97%. The dividend payout ratio is 212.90%. 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). What is Boralex's stock symbol? Boralex trades on the Toronto Stock Exchange (TSX) under the ticker symbol "BLX." 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. What is Boralex's stock price today? One share of BLX stock can currently be purchased for approximately C$30.55. How much money does Boralex make? Boralex (TSE:BLX) has a market capitalization of C$3.14 billion and generates C$954 million in revenue each year. The company earns C$32 million in net income (profit) each year or C$0.31 on an earnings per share basis. How many employees does Boralex have? The company employs 701 workers across the globe. How can I contact Boralex? Boralex's mailing address is 36 Lajeunesse St, KINGSEY FALLS, QC J0A 1B0, Canada. The official website for the company is www.boralex.com. The company can be reached via phone at +1-819-3636363. This page (TSE:BLX) was last updated on 9/26/2023 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. 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