TSE:BLX

Boralex Stock Forecast, Price & News

C$38.32

+0.39 (+1.03 %)

(As of 07/27/2021 12:00 AM ET)

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Today's Range

C$37.86

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C$38.39

50-Day Range

C$36.40

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C$39.44

52-Week Range

C$32.24

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C$56.70

Volume316,198 shs

Average Volume614,015 shs

Market CapitalizationC$3.93 billion

P/E Ratio82.23

Dividend Yield1.74%

BetaN/A

30 days | 90 days | 365 days | Advanced Chart

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About Boralex

Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, the United Kingdom, and the United States. As of December 31, 2020, the company had interests in 88 wind power stations with an installed capacity of 2,002 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; two thermal power stations with an installed capacity of 47 MW; and 10 solar power stations with an installed capacity of 225 MW. It also operates two hydroelectric power stations on behalf of R.S.P. Ãnergie Inc. Boralex Inc. was founded in 1982 and is headquartered in Kingsey Falls, Canada.

Boralex's (BLX) "Hold" Rating Reaffirmed at Tudor Pickering
July 22, 2021 | americanbankingnews.com

Boralex (TSE:BLX) PT Set at C$41.00 by Tudor Pickering & Holt
July 22, 2021 | americanbankingnews.com

Boralex (TSE:BLX) Share Price Passes Above Two Hundred Day Moving Average of $0.00
July 22, 2021 | americanbankingnews.com

Advisory - Boralex will release its 2021 Second quarter financial results on August 6 - Yahoo Finance
July 13, 2021 | finance.yahoo.com

Advisory - Boralex will release its 2021 Second quarter financial results on August 6
July 13, 2021 | finance.yahoo.com

Ocean Falls Blockchain Provides Corporate Update and Announces Plans to Go Public - Yahoo Finance
July 13, 2021 | finance.yahoo.com

Ocean Falls Blockchain Provides Corporate Update and Announces Plans to Go Public - StreetInsider.com
July 12, 2021 | streetinsider.com

Should We Be Cautious About Boralex Inc.'s (TSE:BLX) ROE Of 4.3%? - Yahoo Finance
July 7, 2021 | finance.yahoo.com

Should We Be Cautious About Boralex Inc.'s (TSE:BLX) ROE Of 4.3%?
July 7, 2021 | finance.yahoo.com

Boralex (TSE:BLX) Stock Price Passes Above 200 Day Moving Average of $0.00
July 6, 2021 | americanbankingnews.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange TSE
Industry Utilities - Independent Power Producers
Sub-IndustryN/A
SectorUtilities
Current SymbolTSE:BLX
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.boralex.com
Phone+1-819-3636363
Employees52
Year FoundedN/A

Sales & Book Value

Annual SalesC$641 million
Price / Sales6.13
Cash FlowC$2.59 per share
Price / Cash Flow14.78
Book ValueC$10.35 per share
Price / Book3.70

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares102,619,000
Market CapC$3.93 billion
Next Earnings Date8/6/2021 (Estimated)
OptionableOptionable

MarketRank^™

Overall MarketRank^™

1.50 out of 5 stars

3.3 Analyst's Opinion

Consensus Rating
Boralex has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$47.55, Boralex has a forecasted upside of 24.1% from its current price of C$38.32.
Amount of Analyst Coverage
Boralex has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.4 Community Rank

Outperform Votes
Boralex has received 330 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Boralex has received 160 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Boralex has received 67.35% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Boralex and other stocks. Vote “Outperform” if you believe BLX will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BLX will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.8 Dividend Strength

Dividend Yield
Boralex pays a meaningful dividend of 1.74%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Boralex does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Boralex is 141.63%. Payout ratios above 75% are not desirable because they may not be sustainable.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Boralex insiders have not sold or bought any company stock.

0.0 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Boralex is 82.23, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.45.
Price to Earnings Ratio vs. Sector
The P/E ratio of Boralex is 82.23, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 29.58.
Price to Earnings Growth Ratio
Boralex has a PEG Ratio of 2.48. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Boralex has a P/B Ratio of 3.70. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Boralex (TSE:BLX) Frequently Asked Questions

Is Boralex a buy right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Boralex stock.
View analyst ratings for Boralex or view top-rated stocks.

What stocks does MarketBeat like better than Boralex?

Wall Street analysts have given Boralex a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Boralex wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Boralex's next earnings date?

Boralex is scheduled to release its next quarterly earnings announcement on Friday, August 6th 2021.
View our earnings forecast for Boralex.

How were Boralex's earnings last quarter?

Boralex Inc. (TSE:BLX) announced its earnings results on Wednesday, May, 5th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.44 by $0.11. The company earned $206 million during the quarter.
View Boralex's earnings history.

How has Boralex's stock price been impacted by COVID-19?

Boralex's stock was trading at C$26.87 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, BLX shares have increased by 42.6% and is now trading at C$38.32.
View which stocks have been most impacted by COVID-19.

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

Boralex declared a quarterly dividend on Friday, May 28th. Investors of record on Tuesday, June 15th will be paid a dividend of 0.165 per share on Tuesday, June 15th. This represents a $0.66 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Friday, May 28th.
View Boralex's dividend history.

Is Boralex a good dividend stock?

Boralex pays an annual dividend of C$0.66 per share and currently has a dividend yield of 1.74%. The dividend payout ratio of Boralex is 141.63%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Boralex's dividend history.

What price target have analysts set for BLX?

10 equities research analysts have issued twelve-month price objectives for Boralex's shares. Their forecasts range from C$41.00 to C$60.00. On average, they expect Boralex's share price to reach C$47.55 in the next twelve months. This suggests a possible upside of 24.1% from the stock's current price.
View analysts' price targets for Boralex or view top-rated stocks among Wall Street analysts.

Who are Boralex's key executives?

Boralex's management team includes the following people:

Mr. Patrick Decostre, Pres, CEO & Director (Age 48, Pay $898.69k)
Mr. Bruno Guilmette, CFO & VP (Age 55, Pay $643.86k)
Mr. Pascal Hurtubise, VP, Chief Legal Officer & Corp. Sec.
Mr. Hugues Girardin, VP of Devel.
Mr. Nicolas Wolff, VP & GM of Boralex, Europe
Ms. Julie Cusson, VP of Public & Corp. Affairs

Who are some of Boralex's key competitors?

Some companies that are related to Boralex include Brookfield Renewable Partners (BEP.UN), Uniper (UN01), Algonquin Power & Utilities (AQN), Northland Power (NPI), TransAlta Renewables (RNW), Innergex Renewable Energy (INE), TransAlta (TA), Cryptology Asset Group (CAP), Drax Group (DRX), ContourGlobal (GLO), Polaris Infrastructure (PIF), PowerHouse Energy Group (PHE), Spark Power Group (SPG), Aggregated Micro Power (AMPH) and Green & Smart (GSH).
View all of BLX's competitors.

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), The 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 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$38.32.

How much money does Boralex make?

Boralex has a market capitalization of C$3.93 billion and generates C$641 million in revenue each year.

How many employees does Boralex have?

Boralex employs 52 workers across the globe.

What is Boralex's official website?

The official website for Boralex is www.boralex.com.

Where are Boralex's headquarters?

Boralex is headquartered at 36 Lajeunesse St, KINGSEY FALLS, QC J0A 1B0, Canada.

How can I contact Boralex?

Boralex's mailing address is 36 Lajeunesse St, KINGSEY FALLS, QC J0A 1B0, Canada. The company can be reached via phone at +1-819-3636363.

This page was last updated on 7/28/2021 by MarketBeat.com Staff

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