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 .

Boralex Stock Price, News & Analysis (TSE:BLX)

C$31.87

-0.10 (-0.31%)

(As of 12/8/2023 ET)

Compare

Today's Range: C$31.68
▼
C$32.50
50-Day Range: C$25.73
▼
C$32.15
52-Week Range: C$25.40
▼
C$43.43

Volume: 176,341 shs
Average Volume: 279,771 shs
Market Capitalization: C$3.28 billion

P/E Ratio: 44.89
Dividend Yield: 2.07%
Price Target: C$42.85

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Boralex MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 34.5% Upside
C$42.85 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
C$1.43 M Bought Last Quarter
Proj. Earnings Growth: N/A

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 Rating
Boralex 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/Downside
According 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 Coverage
Boralex has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for BLX.

0.8

Dividend Strength

Dividend Yield
Boralex pays a meaningful dividend of 2.10%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Boralex does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Boralex is 92.96%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BLX.

0.6

News and Social Media Coverage

Search Interest
Only 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 Follows
2 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.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 0.30% of the stock of Boralex is held by insiders.
Percentage Held by Institutions
57.11% of the stock of Boralex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The 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. Sector
The 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 Ratio
Boralex has a PEG Ratio of 0.99. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Boralex 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.

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.

BLX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BLX Stock News Headlines

November 8, 2023 | finance.yahoo.com

REMINDER -- Boralex will release its 2023 third quarter financial results on November 9

October 18, 2023 | markets.businessinsider.com

Boralex Inc Cl A (BLX) Gets a Buy Rating from BMO Capital

December 10, 2023 | DTI Trader (Ad)

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September 11, 2023 | markets.businessinsider.com

Boralex Inc Cl A (BLX) Received its Third Buy in a Row

September 8, 2023 | finanznachrichten.de

Boralex Inc.: Boralex and the Innu announce the closing of a financing for over $600 million for the Apuiat wind farm in Quebec

September 8, 2023 | markets.businessinsider.com

BMO Capital Thinks Boralex Inc Cl A’s Stock is Going to Recover

September 8, 2023 | finance.yahoo.com

Boralex and the Innu announce the closing of a financing for over $600 million for the Apuiat wind farm in Quebec

September 1, 2023 | finance.yahoo.com

With 52% ownership of the shares, Boralex Inc. (TSE:BLX) is heavily dominated by institutional owners

December 10, 2023 | DTI Trader (Ad)

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August 23, 2023 | theglobeandmail.com

Boralex: Top 10 Undervalued Utilities Sector Stocks on TSX (BLX)

August 16, 2023 | finance.yahoo.com

Is Boralex Inc.'s (TSE:BLX) 0.7% ROE Worse Than Average?

August 14, 2023 | msn.com

Boralex shares jump 10% after reporting Q2 profit up from year ago

August 14, 2023 | proactiveinvestors.com

Boralex stock rises as French prices and new wind farms boost revenue

August 14, 2023 | markets.businessinsider.com

Boralex increases its net earnings and combined results by actively pursuing its growth strategy in the second quarter of 2023

August 11, 2023 | theglobeandmail.com

Housing, Retail Figures Due Next Week

July 26, 2023 | markets.businessinsider.com

Boralex Inc Cl A (BLX) Receives a Hold from RBC Capital

July 26, 2023 | finance.yahoo.com

Corporate Social Responsibility: Boralex raises EcoVadis score, retains Gold Medal

July 21, 2023 | markets.businessinsider.com

CIBC Thinks Boralex Inc Cl A’s Stock is Going to Recover

July 15, 2023 | finance.yahoo.com

Boralex Inc. (TSE:BLX) Shares Could Be 39% Below Their Intrinsic Value Estimate

July 13, 2023 | finance.yahoo.com

Boralex will release its 2023 second quarter financial results on August 14

June 28, 2023 | finance.yahoo.com

Boralex ranks once again among Corporate Knights’ Best 50 Corporate Citizens in Canada

May 17, 2023 | finance.yahoo.com

Ontario RPF: Boralex is the Leading Awardee, with Two Storage Projects Totaling 380 MW Selected

May 12, 2023 | markets.businessinsider.com

RBC Capital Sticks to Its Hold Rating for Boralex Inc Cl A (BLX)

May 11, 2023 | finance.yahoo.com

Industry Analysts Just Upgraded Their Boralex Inc. (TSE:BLX) Revenue Forecasts By 10%

May 8, 2023 | finance.yahoo.com

Boralex (TSE:BLX) shareholders have earned a 14% CAGR over the last five years

April 18, 2023 | theglobeandmail.com

Closing Bell: Boralex Inc down on Tuesday (BLX)

April 18, 2023 | finance.yahoo.com

Boralex will release its 2023 first quarter financial results on May 10

See More Headlines

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Company Calendar

Ex-Dividend for 9/18 Dividend: 8/30/2023
Dividend Payable: 9/18/2023
Last Earnings: 11/09/2023
Ex-Dividend for 12/15 Dividend: 11/29/2023
Today: 12/10/2023
Dividend Payable: 12/15/2023
Next Earnings (Estimated): 2/23/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Utilities - Renewable
Sub-Industry: N/A
Sector: Utilities
Current Symbol: TSE:BLX
CUSIP: N/A
CIK: N/A
Web: www.boralex.com
Phone: +1-819-3636363
Fax: N/A
Employees: 746
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$42.85
High Stock Price Target: C$57.50
Low Stock Price Target: C$36.00
Potential Upside/Downside: +34.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.88
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.71
Trailing P/E Ratio: 44.89
Forward P/E Ratio: 28.37
P/E Growth: 0.99
Net Income: C$73 million
Net Margins: 7.11%
Pretax Margin: N/A
Return on Equity: 3.27%
Return on Assets: 2.11%

Debt

Debt-to-Equity Ratio: 168.91
Current Ratio: 1.17
Quick Ratio: 1.54

Sales & Book Value

Annual Sales: C$1.03 billion
Price / Sales: 3.18
Cash Flow: C$5.01 per share
Price / Cash Flow: 6.36
Book Value: C$16.71 per share
Price / Book: 1.91

Miscellaneous

Outstanding Shares: 102,770,000
Free Float: N/A
Market Cap: C$3.28 billion
Optionable: Not Optionable
Beta: 0.38

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Key Executives

Mr. Patrick Decostre (Age 50)
President, CEO & Director
Comp: $1.1M
Mr. Bruno Guilmette (Age 57)
CFO & EVP
Comp: $784.21k
Mr. Pascal Hurtubise
Executive VP & Chief Legal Officer
Mr. Hugues Girardin
Executive VP & GM of North America
Mr. Nicolas Wolff
Executive VP & GM of Europe
Mr. Stéphane Milot
Senior Director of Investors Relations
Ms. Isabelle Fontaine
Senior Vice President of Marketing, Public Affairs & Corporate Communications
Ms. Marie-Josée Arsenault
Executive VP and Chief People & Culture Officer
Adam Rosso
Senior Vice President of Development of North America
Mr. Alain Pouliot
Senior Vice President of Asset Management of North America

Key Competitors

View All Competitors

Insiders

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

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Boralex Stock Price, News & Analysis (TSE:BLX)

Boralex MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Boralex Stock (TSE:BLX)

BLX Stock Price History

BLX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

BLX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™