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TSE:BLX

Boralex (BLX) Stock Price, News & Analysis

C$32.05
-0.07 (-0.22%)
(As of 05/21/2024 ET)
Today's Range
C$31.50
C$32.18
50-Day Range
C$26.40
C$32.12
52-Week Range
C$25.40
C$39.50
Volume
344,467 shs
Average Volume
248,653 shs
Market Capitalization
C$3.29 billion
P/E Ratio
32.70
Dividend Yield
2.06%
Price Target
C$40.13

Boralex MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.2% Upside
C$40.13 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.36mentions of Boralex in the last 14 days
Based on 30 Articles This Week
Insider Trading
Acquiring Shares
C$24,874 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.10 out of 5 stars

BLX stock logo

About Boralex Stock (TSE:BLX)

Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe. Boralex Inc. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.

BLX Stock Price History

BLX Stock News Headlines

Boralex (TSE:BLX) PT Raised to C$39.00 at CIBC
Boralex (TSE:BLX) PT Raised to C$41.00 at National Bankshares
Bay Street Seen Opening On Mixed Note
BLX/USD - Blockchain Index US Dollar
BLX:CA Boralex Inc.
Stocks in play: Boralex Inc.
Boralex: Dividend Declaration
Boralex Inc Cl A (BLX) Gets a Buy Rating from BMO Capital
Boralex Inc Cl A (BLX) Received its Third Buy in a Row
BMO Capital Thinks Boralex Inc Cl A’s Stock is Going to Recover
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/28/2024
Last Earnings
3/01/2024
Dividend Payable
3/15/2024
Today
5/21/2024
Ex-Dividend for 6/17 Dividend
5/31/2024
Dividend Payable
6/17/2024
Next Earnings (Estimated)
8/12/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Utilities - Renewable
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
753
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$40.13
High Stock Price Target
C$47.00
Low Stock Price Target
C$36.00
Potential Upside/Downside
+26.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
C$100 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$986 million
Cash Flow
C$5.01 per share
Book Value
C$16.50 per share

Miscellaneous

Free Float
N/A
Market Cap
C$3.27 billion
Optionable
Not Optionable
Beta
0.41
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Key Executives

  • Mr. Patrick Decostre (Age 51)
    President, CEO & Director
    Comp: $1.12M
  • Mr. Bruno Guilmette (Age 58)
    CFO & EVP
    Comp: $624.55k
  • 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
    Vice President 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

BLX Stock Analysis - Frequently Asked Questions

Should I buy or sell Boralex stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last twelve months. There are currently 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BLX shares.
View BLX analyst ratings
or view top-rated stocks.

What is Boralex's stock price target for 2024?

8 Wall Street analysts have issued 12 month target prices for Boralex's stock. Their BLX share price targets range from C$36.00 to C$47.00. On average, they expect the company's stock price to reach C$40.13 in the next year. This suggests a possible upside of 25.2% 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 2024?

Boralex's stock was trading at C$33.68 at the beginning of the year. Since then, BLX stock has decreased by 4.8% and is now trading at C$32.05.
View the best growth stocks for 2024 here
.

When is Boralex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 12th 2024.
View our BLX earnings forecast
.

How were Boralex's earnings last quarter?

Boralex Inc. (TSE:BLX) posted its quarterly earnings data on Friday, March, 1st. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by $0.15. The business earned $315 million during the quarter, compared to analyst estimates of $262.30 million. Boralex had a net margin of 10.14% and a trailing twelve-month return on equity of 6.87%.

How often does Boralex pay dividends? What is the dividend yield for Boralex?

Boralex announced a quarterly dividend on Wednesday, May 15th. Stockholders of record on Friday, May 31st will be given a dividend of 0.165 per share on Monday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Friday, May 31st.
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 2.05%. The dividend payout ratio is 67.35%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for BLX.

What other stocks do shareholders of Boralex own?
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 5/21/2024 by MarketBeat.com Staff

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