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TSE:BLX

Boralex (BLX) Stock Forecast, Price & News

C$30.38
-0.76 (-2.44%)
(As of 09/26/2023 ET)
Compare
Today's Range
C$30.26
▼
C$31.27
50-Day Range
C$29.94
▼
C$35.86
52-Week Range
C$29.75
▼
C$46.51
Volume
182,368 shs
Average Volume
263,664 shs
Market Capitalization
C$3.12 billion
P/E Ratio
98.00
Dividend Yield
2.17%
Price Target
C$46.27
ProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainSocial Media

Boralex MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
52.3% Upside
C$46.27 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
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.

1.79 out of 5 stars

See Top Rated MarketRank™ Stocks Here

BLX stock logo

About Boralex (TSE:BLX) Stock

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 Price History

BLX Stock News Headlines

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 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.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
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?
September 26, 2023 | Altimetry (Ad)
DOD Consultant's big 2024 prediction looks to be coming true
Earlier 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.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
April 18, 2023 | finance.yahoo.com
Boralex to hold virtual annual meeting of shareholders on May 10, 2023
April 7, 2023 | theglobeandmail.com
Closing Bell: Boralex Inc up on Thursday (BLX)
See More Headlines
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BLX Company Calendar

Last Earnings
8/14/2023
Ex-Dividend for 9/18 Dividend
8/30/2023
Dividend Payable
9/18/2023
Today
9/26/2023
Next Earnings (Estimated)
11/08/2023
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
701
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$46.27
High Stock Price Forecast
C$57.50
Low Stock Price Forecast
C$36.00
Forecasted Upside/Downside
+51.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$0.31
Trailing P/E Ratio
98.55
Forward P/E Ratio
27.00
P/E Growth
0.99
Net Income
C$32 million
Net Margins
3.35%
Pretax Margin
N/A
Return on Equity
0.68%
Return on Assets
1.67%

Debt

Debt-to-Equity Ratio
173.22
Current Ratio
0.99
Quick Ratio
1.54

Sales & Book Value

Annual Sales
C$954 million
Price / Sales
3.29
Cash Flow
C$4.80 per share
Price / Cash Flow
6.36
Book Value
C$16.47 per share
Price / Book
1.85

Miscellaneous

Outstanding Shares
102,770,000
Free Float
N/A
Market Cap
C$3.14 billion
Optionable
Optionable
Beta
0.34
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Key Executives

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

Key Competitors

View 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

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