TSE:BLX Boralex (BLX) Stock Forecast, Price & News C$37.24 +0.33 (+0.89%) (As of 04:45 PM ET) Add Compare Share Share Today's RangeC$36.88▼C$37.5450-Day RangeC$36.86▼C$43.1852-Week RangeC$33.96▼C$51.55Volume84,286 shsAverage Volume260,177 shsMarket CapitalizationC$3.83 billionP/E Ratio169.27Dividend Yield1.77%Price TargetC$47.30 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media Boralex MarketRank™ ForecastAnalyst RatingModerate Buy2.57 Rating ScoreUpside/Downside27.0% UpsideC$47.30 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.1.51 out of 5 stars 3.3 Analyst's Opinion Consensus RatingBoralex has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$47.30, Boralex has a forecasted upside of 27.0% from its current price of C$37.24.Amount of Analyst CoverageBoralex has only been the subject of 1 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 1.69%, 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 300.00%. 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 0.6 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Boralex this week, compared to 2 articles on an average week.Search Interest7 people have searched for BLX on MarketBeat in the last 30 days. This is an increase of 250% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Boralex to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 Institutions56.34% 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 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Boralex is 169.27, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 127.35.Price to Earnings Ratio vs. SectorThe P/E ratio of Boralex is 169.27, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 98.15.Price to Earnings Growth RatioBoralex has a PEG Ratio of 1.28. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioBoralex has a P/B Ratio of 2.28. 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, 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.Read More 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 Stock News HeadlinesMay 28, 2023 | americanbankingnews.comBoralex Inc. (TSE:BLX) Plans Quarterly Dividend of $0.17May 17, 2023 | finance.yahoo.comOntario RPF: Boralex is the Leading Awardee, with Two Storage Projects Totaling 380 MW SelectedMay 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.comNational Bank Financial Weighs in on Boralex Inc.'s Q4 2023 Earnings (TSE:BLX)May 17, 2023 | americanbankingnews.comFY2023 EPS Estimates for Boralex Inc. Lowered by Analyst (TSE:BLX)May 15, 2023 | americanbankingnews.comAnalysts Set Boralex Inc. (TSE:BLX) Price Target at C$47.30May 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 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.comBoralex Inc. Forecasted to Earn Q1 2023 Earnings of $0.67 Per Share (TSE:BLX)May 8, 2023 | finance.yahoo.comBoralex (TSE:BLX) shareholders have earned a 14% CAGR over the last five yearsApril 29, 2023 | americanbankingnews.comBrokers Offer Predictions for Boralex Inc.'s Q1 2023 Earnings (TSE:BLX)April 28, 2023 | americanbankingnews.comBoralex Inc. to Post Q2 2023 Earnings of $0.23 Per Share, Raymond James Forecasts (TSE:BLX)April 26, 2023 | americanbankingnews.comBoralex Inc. (TSE:BLX) to Post Q4 2023 Earnings of $0.29 Per Share, National Bank Financial ForecastsApril 24, 2023 | americanbankingnews.comBoralex (TSE:BLX) Price Target Raised to C$48.00April 20, 2023 | americanbankingnews.comBoralex (TSE:BLX) Trading Down 2.4%April 20, 2023 | americanbankingnews.comNational Bankshares Raises Boralex (TSE:BLX) Price Target to C$46.00April 20, 2023 | americanbankingnews.comBrokerages Set Boralex Inc. (TSE:BLX) Target Price at C$46.70April 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 | americanbankingnews.comBoralex (TSE:BLX) Price Target Raised to C$45.00April 7, 2023 | theglobeandmail.comClosing Bell: Boralex Inc up on Thursday (BLX)March 31, 2023 | finance.yahoo.comAs Boralex Inc. (TSE:BLX) hits CA$4.2b market cap, insiders may be dismayed about not purchasing higher quantitiesMarch 29, 2023 | theglobeandmail.comClosing Bell: Boralex Inc up on Tuesday (BLX)March 26, 2023 | americanbankingnews.comBoralex Inc. (TSE:BLX) Receives C$46.50 Average PT from AnalystsMarch 14, 2023 | finance.yahoo.comBoralex Inc.'s (TSE:BLX) top owners are retail investors with 51% stake, while 49% is held by institutionsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Ex-Dividend for 3/15 Dividend2/27/2023Dividend Payable3/15/2023Today5/29/2023Ex-Dividend for 6/15 Dividend5/30/2023Dividend Payable6/15/2023Next Earnings (Estimated)8/02/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Utilities - Independent Power Producers Sub-IndustryN/A SectorUtilities Current SymbolTSE:BLX CUSIPN/A CIKN/A Webwww.boralex.com Phone+1-819-3636363FaxN/AEmployees562Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$47.30 High Stock Price ForecastC$57.50 Low Stock Price ForecastC$36.00 Forecasted Upside/Downside+26.6%Consensus RatingModerate Buy Rating Score (0-4)2.57 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.22 Trailing P/E Ratio169.77 Forward P/E Ratio35.44 P/E Growth1.28Net IncomeC$30 million Net MarginsN/A Pretax MarginN/A Return on Equity0.49% Return on Assets2.00% Debt Debt-to-Equity Ratio178.82 Current Ratio0.78 Quick Ratio1.54 Sales & Book Value Annual SalesC$836 million Price / Sales4.59 Cash FlowC$5.87 per share Price / Cash Flow6.36 Book ValueC$16.36 per share Price / Book2.28Miscellaneous Outstanding Shares102,770,000Free FloatN/AMarket CapC$3.84 billion OptionableOptionable Beta0.32 Key ExecutivesMr. Patrick Decostre (Age 50)Pres, CEO & Director Comp: $1.07MMr. Bruno Guilmette (Age 57)CFO & EVP Comp: $610.29kMr. 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 OfficerMs. Julie CussonSr. VP of Enterprise Risk Management & CSRMr. Rabindra Nath MishraDeputy Managing Director of Devel. EuropeMore ExecutivesKey CompetitorsTransAltaTSE:TATransAlta RenewablesTSE:RNWInnergex Renewable EnergyTSE:INENorthland PowerTSE:NPIAlgonquin Power & UtilitiesTSE:AQNView All CompetitorsInsidersDany St-PierreBought 1,530 shares on 9/7/2022Total: C$70,695.96 ($46.21/share)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 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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