TSE:BLX - Boralex Stock Price, Forecast & News

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 stock has decreased by 6.3% and is now trading at C$25.19. View which stocks have been mosted impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last year. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Boralex.

Boralex is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Boralex.

Boralex Inc. (TSE:BLX) announced its quarterly earnings data on Friday, February, 28th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.02. The firm had revenue of $179 million for the quarter, compared to the consensus estimate of $176 million. View Boralex's earnings history.

Boralex declared a quarterly dividend on Thursday, February 27th. Investors of record on Monday, March 16th will be paid a dividend of 0.165 per share on Monday, March 16th. This represents a $0.66 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Thursday, February 27th. View Boralex's dividend history.

6 brokerages have issued 1-year target prices for Boralex's stock. Their forecasts range from C$28.00 to C$33.00. On average, they anticipate Boralex's stock price to reach C$30.25 in the next twelve months. This suggests a possible upside of 20.1% from the stock's current price. View analysts' price targets for Boralex.

News headlines about BLX stock have been trending positive this week, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Boralex earned a media sentiment score of 2.1 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutBoralex.

Some companies that are related to Boralex include Algonquin Power & Utilities (AQN), Uniper (UN01), Contact Energy (CEN), Mercury NZ (MCY), Northland Power (NPI), Infratil (IFT), TransAlta Renewables (RNW), Innergex Renewable Energy (INE), TransAlta (TA), Encavis (CAP), Contourglobal (GLO), Drax Group (DRX), New Energy Solar (NEW), Polaris Infrastructure (PIF) and Zenith Energy (ZEN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Boralex investors own include Fortis (FTS), Enbridge (ENB), RioCan Real Estate Investment Trust (REI.UN), Bank of Nova Scotia (BNS), Power Financial (PWF), Algonquin Power & Utilities (AQN), Bombardier, Inc. Class B (BBD.B), Manulife Financial (MFC), Northland Power (NPI) and Pembina Pipeline (PPL).

Boralex trades on the Toronto Stock Exchange (TSX) under the ticker symbol "BLX."

Shares of BLX and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

One share of BLX stock can currently be purchased for approximately C$25.19.

Boralex has a market capitalization of C$2.43 billion and generates C$574 million in revenue each year. Boralex employs 410 workers across the globe. View additional information about Boralex.

The official website for Boralex is http://www.boralex.com/.

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.