TSE:BLX Boralex (BLX) Stock Price, News & Analysis → Exposed: How Big Banks Plan to Chain Your Wealth with Digital Dollars (From GoldenCrest Metals) (Ad) Free BLX Stock Alerts C$27.57 +0.58 (+2.15%) (As of 04/23/2024 ET) Add Compare Share Share Today's RangeC$26.78▼C$27.8850-Day RangeC$26.40▼C$30.8352-Week RangeC$25.40▼C$41.56Volume194,764 shsAverage Volume241,837 shsMarket CapitalizationC$2.83 billionP/E Ratio36.28Dividend Yield2.39%Price TargetC$40.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Get Boralex alerts: Email Address Boralex MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside46.9% UpsideC$40.50 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment-0.37Based on 12 Articles This WeekInsider TradingAcquiring SharesC$21,699 Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details 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.3.65 out of 5 stars 3.5 Analyst's Opinion Consensus RatingBoralex has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageBoralex has only been the subject of 3 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 2.44%, 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 86.84%. 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 1.5 News and Social Media Coverage News SentimentBoralex has a news sentiment score of -0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Boralex this week, compared to 1 article on an average week.Search InterestOnly 14 people have searched for BLX on MarketBeat in the last 30 days. This is a decrease of -18% compared to the previous 30 days.MarketBeat Follows2 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. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Boralex insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$21,699.00 in company stock and sold C$0.00 in company stock.Percentage Held by InsidersOnly 0.16% of the stock of Boralex is held by insiders.Percentage Held by Institutions60.27% 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 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Boralex is 36.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.00.Price to Earnings Ratio vs. SectorThe P/E ratio of Boralex is 36.28, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 81.71.Price to Earnings Growth RatioBoralex has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioBoralex has a P/B Ratio of 1.74. 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 Ad Traders Agencytop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.Click here now for the full details of this stock that’s set to rocket in the AI revolution… 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.Read More BLX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BLX Stock News HeadlinesApril 24, 2024 | americanbankingnews.comBoralex Inc. (TSE:BLX) Receives Average Rating of "Buy" from BrokeragesApril 22, 2024 | americanbankingnews.comBoralex Inc. (TSE:BLX) Expected to Earn Q3 2024 Earnings of ($0.19) Per ShareApril 24, 2024 | GoldenCrest Metals (Ad)Exposed: How Big Banks Plan to Chain Your Wealth with Digital DollarsBig Banks have declared war on your wallet. But it's not too late to fight back. Discover how to protect your assets from their latest maneuver.April 21, 2024 | americanbankingnews.comBoralex (TSE:BLX) Price Target Cut to C$38.00April 20, 2024 | americanbankingnews.comQ1 2024 EPS Estimates for Boralex Inc. (TSE:BLX) Cut by National Bank FinancialApril 8, 2024 | finance.yahoo.comBoralex will release its 2024 first quarter financial results on May 15March 23, 2024 | investing.comBLX/USD - Blockchain Index US DollarMarch 22, 2024 | seekingalpha.comBLX:CA Boralex Inc.April 24, 2024 | GoldenCrest Metals (Ad)Exposed: How Big Banks Plan to Chain Your Wealth with Digital DollarsBig Banks have declared war on your wallet. But it's not too late to fight back. Discover how to protect your assets from their latest maneuver.March 1, 2024 | ca.finance.yahoo.comStocks in play: Boralex Inc.February 16, 2024 | finance.yahoo.comWith 53% ownership, Boralex Inc. (TSE:BLX) boasts of strong institutional backingFebruary 13, 2024 | finance.yahoo.comBoralex: Dividend DeclarationNovember 8, 2023 | finance.yahoo.comREMINDER -- Boralex will release its 2023 third quarter financial results on November 9October 18, 2023 | markets.businessinsider.comBoralex Inc Cl A (BLX) Gets a Buy Rating from BMO CapitalSeptember 11, 2023 | markets.businessinsider.comBoralex Inc Cl A (BLX) Received its Third Buy in a RowSeptember 8, 2023 | finanznachrichten.deBoralex Inc.: Boralex and the Innu announce the closing of a financing for over $600 million for the Apuiat wind farm in QuebecSeptember 8, 2023 | markets.businessinsider.comBMO Capital Thinks Boralex Inc Cl A’s Stock is Going to RecoverSeptember 8, 2023 | finance.yahoo.comBoralex and the Innu announce the closing of a financing for over $600 million for the Apuiat wind farm in QuebecSeptember 1, 2023 | finance.yahoo.comWith 52% ownership of the shares, Boralex Inc. (TSE:BLX) is heavily dominated by institutional ownersAugust 23, 2023 | theglobeandmail.comBoralex: Top 10 Undervalued Utilities Sector Stocks on TSX (BLX)August 16, 2023 | finance.yahoo.comIs Boralex Inc.'s (TSE:BLX) 0.7% ROE Worse Than Average?August 14, 2023 | msn.comBoralex shares jump 10% after reporting Q2 profit up from year agoAugust 14, 2023 | proactiveinvestors.comBoralex stock rises as French prices and new wind farms boost revenueAugust 14, 2023 | markets.businessinsider.comBoralex increases its net earnings and combined results by actively pursuing its growth strategy in the second quarter of 2023August 11, 2023 | theglobeandmail.comHousing, Retail Figures Due Next WeekJuly 26, 2023 | markets.businessinsider.comBoralex Inc Cl A (BLX) Receives a Hold from RBC CapitalJuly 26, 2023 | finance.yahoo.comCorporate Social Responsibility: Boralex raises EcoVadis score, retains Gold MedalSee More Headlines 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 Company Calendar Ex-Dividend for 3/15 Dividend2/28/2024Last Earnings3/01/2024Dividend Payable3/15/2024Today4/24/2024Next Earnings (Confirmed)5/15/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorUtilities Industry Utilities - Renewable Sub-IndustryN/A Current SymbolTSE:BLX CUSIPN/A CIKN/A Webwww.boralex.com Phone+1-819-3636363FaxN/AEmployees753Year FoundedN/APrice Target and Rating Average Stock Price TargetC$40.50 High Stock Price TargetC$47.00 Low Stock Price TargetC$36.00 Potential Upside/Downside+46.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.76 Trailing P/E Ratio36.28 Forward P/E Ratio26.01 P/E Growth0.94Net IncomeC$78 million Net Margins7.63% Pretax MarginN/A Return on Equity5.68% Return on Assets2.35% Debt Debt-to-Equity Ratio179.25 Current Ratio1.08 Quick Ratio1.54 Sales & Book Value Annual SalesC$1.02 billion Price / Sales2.78 Cash FlowC$4.33 per share Price / Cash Flow6.36 Book ValueC$15.85 per share Price / Book1.74Miscellaneous Outstanding Shares102,770,000Free FloatN/AMarket CapC$2.83 billion OptionableNot Optionable Beta0.41 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Patrick Decostre (Age 51)President, CEO & Director Comp: $1.12MMr. Bruno Guilmette (Age 58)CFO & EVP Comp: $624.55kMr. Pascal HurtubiseExecutive VP & Chief Legal OfficerMr. Hugues GirardinExecutive VP & GM of North AmericaMr. Nicolas WolffExecutive VP & GM of EuropeMr. Stéphane MilotVice President of Investors RelationsMs. Isabelle FontaineSenior Vice President of Marketing, Public Affairs & Corporate CommunicationsMs. Marie-Josée ArsenaultExecutive VP and Chief People & Culture OfficerMs. Julie CussonSenior Vice President of Synergies & Special ProjectsAdam RossoSenior Vice President of Development of North AmericaMore ExecutivesKey CompetitorsTransAlta RenewablesTSE:RNWInnergex Renewable EnergyTSE:INENorthland PowerTSE:NPIBrookfield RenewableTSE:BEPCAlgonquin Power & UtilitiesTSE:AQNView All CompetitorsInsidersMarie-Josée ArsenaultBought 61 shares on 3/25/2024Total: C$1,686.65 ($27.65/share)Bruno GuilmetteBought 700 shares on 3/14/2024Total: C$20,012.02 ($28.59/share)André CourvilleBought 100 shares on 11/27/2023Total: C$2,905.50 ($29.06/share)Patrick DecostreBought 195 shares on 11/17/2023Total: C$5,930.89 ($30.41/share)Caisse de dépôt et placement du QuébecBought 55,000 shares on 10/25/2023Total: C$1.42 M ($25.79/share)View All Insider Transactions BLX Stock Analysis - Frequently Asked Questions Should I buy or sell Boralex stock right now? 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last year. There are currently 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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 brokerages have issued twelve-month price objectives for Boralex's shares. 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$40.50 in the next twelve months. This suggests a possible upside of 46.9% 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 start of the year. Since then, BLX stock has decreased by 18.1% and is now trading at C$27.57. 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 Wednesday, May 15th 2024. View our BLX earnings forecast. How were Boralex's earnings last quarter? Boralex Inc. (TSE:BLX) released its quarterly earnings results 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 analysts' expectations of $262.30 million. Boralex had a net margin of 7.63% and a trailing twelve-month return on equity of 5.68%. How often does Boralex pay dividends? What is the dividend yield for Boralex? Boralex announced a quarterly dividend on Tuesday, February 13th. Investors of record on Thursday, February 29th will be given a dividend of 0.165 per share on Friday, March 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Wednesday, February 28th. 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 2.44%. The dividend payout ratio is 86.84%. 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 4/24/2024 by MarketBeat.com Staff From Our PartnersSHOCKING Crypto Leak…Crypto 101 Mediatop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsDon’t Miss Out on the AI Gold Rush That’s Just Getting StartedBanyan Hill PublishingThe #1 Crypto for 2024InvestorPlaceMan Who Predicted 2008: “This Will be Worse.”AltimetryBiden out June 13; Kamala won’t replace him?Paradigm PressThe Greatest Bull Market in Crypto History…Weiss Ratings Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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