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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
15 A.I. Trading Opportunities a Day (Ad)
10 Ways Entrepreneurs Can Navigate a Down Economy
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
15 A.I. Trading Opportunities a Day (Ad)
PwC Australia sidelines 9 directors as leak of tax information investigated
South African president appoints judge to oversee weapons-for-Russia inquiry
15 A.I. Trading Opportunities a Day (Ad)
Drought-struck Barcelona quenches thirst with costly desalination
Poland imposes sanctions on 365 Belarusians over 'draconian' verdict against journalist
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
15 A.I. Trading Opportunities a Day (Ad)
10 Ways Entrepreneurs Can Navigate a Down Economy
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
15 A.I. Trading Opportunities a Day (Ad)
PwC Australia sidelines 9 directors as leak of tax information investigated
South African president appoints judge to oversee weapons-for-Russia inquiry
15 A.I. Trading Opportunities a Day (Ad)
Drought-struck Barcelona quenches thirst with costly desalination
Poland imposes sanctions on 365 Belarusians over 'draconian' verdict against journalist
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
15 A.I. Trading Opportunities a Day (Ad)
10 Ways Entrepreneurs Can Navigate a Down Economy
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
15 A.I. Trading Opportunities a Day (Ad)
PwC Australia sidelines 9 directors as leak of tax information investigated
South African president appoints judge to oversee weapons-for-Russia inquiry
15 A.I. Trading Opportunities a Day (Ad)
Drought-struck Barcelona quenches thirst with costly desalination
Poland imposes sanctions on 365 Belarusians over 'draconian' verdict against journalist
TSE:BLX

Boralex (BLX) Stock Forecast, Price & News

C$37.24
+0.33 (+0.89%)
(As of 04:45 PM ET)
Compare
Today's Range
C$36.88
▼
C$37.54
50-Day Range
C$36.86
▼
C$43.18
52-Week Range
C$33.96
▼
C$51.55
Volume
84,286 shs
Average Volume
260,177 shs
Market Capitalization
C$3.83 billion
P/E Ratio
169.27
Dividend Yield
1.77%
Price Target
C$47.30
ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media

Boralex MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
27.0% Upside
C$47.30 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.

1.51 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, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an installed capacity of 2,032 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; 12 solar power stations with an installed capacity of 244 MW; and one thermal power station with an installed capacity of 35 MW. It also operates two hydroelectric power stations on behalf of R.S.P. Énergie Inc. Boralex Inc. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.

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BLX Stock News Headlines

May 28, 2023 | americanbankingnews.com
Boralex Inc. (TSE:BLX) Plans Quarterly Dividend of $0.17
May 17, 2023 | finance.yahoo.com
Ontario RPF: Boralex is the Leading Awardee, with Two Storage Projects Totaling 380 MW Selected
May 29, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
May 17, 2023 | americanbankingnews.com
National Bank Financial Weighs in on Boralex Inc.'s Q4 2023 Earnings (TSE:BLX)
May 17, 2023 | americanbankingnews.com
FY2023 EPS Estimates for Boralex Inc. Lowered by Analyst (TSE:BLX)
May 15, 2023 | americanbankingnews.com
Analysts Set Boralex Inc. (TSE:BLX) Price Target at C$47.30
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 29, 2023 | Behind the Markets (Ad)
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
May 9, 2023 | americanbankingnews.com
Boralex Inc. Forecasted to Earn Q1 2023 Earnings of $0.67 Per Share (TSE:BLX)
May 8, 2023 | finance.yahoo.com
Boralex (TSE:BLX) shareholders have earned a 14% CAGR over the last five years
April 29, 2023 | americanbankingnews.com
Brokers Offer Predictions for Boralex Inc.'s Q1 2023 Earnings (TSE:BLX)
April 28, 2023 | americanbankingnews.com
Boralex Inc. to Post Q2 2023 Earnings of $0.23 Per Share, Raymond James Forecasts (TSE:BLX)
April 26, 2023 | americanbankingnews.com
Boralex Inc. (TSE:BLX) to Post Q4 2023 Earnings of $0.29 Per Share, National Bank Financial Forecasts
April 24, 2023 | americanbankingnews.com
Boralex (TSE:BLX) Price Target Raised to C$48.00
April 20, 2023 | americanbankingnews.com
Boralex (TSE:BLX) Trading Down 2.4%
April 20, 2023 | americanbankingnews.com
National Bankshares Raises Boralex (TSE:BLX) Price Target to C$46.00
April 20, 2023 | americanbankingnews.com
Brokerages Set Boralex Inc. (TSE:BLX) Target Price at C$46.70
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 | americanbankingnews.com
Boralex (TSE:BLX) Price Target Raised to C$45.00
April 7, 2023 | theglobeandmail.com
Closing Bell: Boralex Inc up on Thursday (BLX)
March 31, 2023 | finance.yahoo.com
As Boralex Inc. (TSE:BLX) hits CA$4.2b market cap, insiders may be dismayed about not purchasing higher quantities
March 29, 2023 | theglobeandmail.com
Closing Bell: Boralex Inc up on Tuesday (BLX)
March 26, 2023 | americanbankingnews.com
Boralex Inc. (TSE:BLX) Receives C$46.50 Average PT from Analysts
March 14, 2023 | finance.yahoo.com
Boralex Inc.'s (TSE:BLX) top owners are retail investors with 51% stake, while 49% is held by institutions
See More Headlines
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BLX Company Calendar

Ex-Dividend for 3/15 Dividend
2/27/2023
Dividend Payable
3/15/2023
Today
5/29/2023
Ex-Dividend for 6/15 Dividend
5/30/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
8/02/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Utilities - Independent Power Producers
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
562
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$47.30
High Stock Price Forecast
C$57.50
Low Stock Price Forecast
C$36.00
Forecasted Upside/Downside
+26.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$0.22
Trailing P/E Ratio
169.77
Forward P/E Ratio
35.44
P/E Growth
1.28
Net Income
C$30 million
Net Margins
N/A
Pretax Margin
N/A
Return on Equity
0.49%
Return on Assets
2.00%

Debt

Debt-to-Equity Ratio
178.82
Current Ratio
0.78
Quick Ratio
1.54

Sales & Book Value

Annual Sales
C$836 million
Price / Sales
4.59
Cash Flow
C$5.87 per share
Price / Cash Flow
6.36
Book Value
C$16.36 per share
Price / Book
2.28

Miscellaneous

Outstanding Shares
102,770,000
Free Float
N/A
Market Cap
C$3.84 billion
Optionable
Optionable
Beta
0.32

Key Executives

  • Mr. Patrick Decostre (Age 50)
    Pres, CEO & Director
    Comp: $1.07M
  • Mr. Bruno Guilmette (Age 57)
    CFO & EVP
    Comp: $610.29k
  • 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
  • Ms. Julie Cusson
    Sr. VP of Enterprise Risk Management & CSR
  • Mr. Rabindra Nath Mishra
    Deputy Managing Director of Devel. Europe

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













BLX Stock - Frequently Asked Questions

Should I buy or sell Boralex stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BLX shares.
View BLX analyst ratings or view top-rated stocks.

What is Boralex's stock price forecast for 2023?

7 brokers have issued 1 year price objectives 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$47.30 in the next year. This suggests a possible upside of 26.6% 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 2023. Since then, BLX shares have decreased by 6.7% and is now trading at C$37.35.
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, August 2nd 2023.
View our BLX earnings forecast.

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

Boralex announced a quarterly dividend on Wednesday, May 10th. Investors of record on Wednesday, May 31st will be given a dividend of 0.165 per share on Thursday, June 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Tuesday, May 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 1.69%. The dividend payout ratio is 300.00%. 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$37.35.

How much money does Boralex make?

Boralex (TSE:BLX) has a market capitalization of C$3.84 billion and generates C$836 million in revenue each year. The company earns C$30 million in net income (profit) each year or C$0.22 on an earnings per share basis.

How many employees does Boralex have?

The company employs 562 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 5/29/2023 by MarketBeat.com Staff

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