TSE:BLX

Boralex Inc. (BLX.TO) Stock Forecast, Price & News

C$41.69

-0.36 (-0.86 %)

(As of 02/25/2021 12:00 AM ET)

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Today's Range

C$40.49

Now: C$41.69▼

C$42.99

50-Day Range

C$42.05

MA: C$50.50▼

C$55.59

52-Week Range

C$17.91

Now: C$41.69▼

C$56.70

Volume632,191 shs

Average Volume554,582 shs

Market CapitalizationC$4.28 billion

P/E Ratio1,344.84

Dividend Yield1.57%

BetaN/A

Boralex Inc., together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, the United Kingdom, and the United States. As of December 31, 2019, the company had interests in 85 wind power stations with an installed capacity of 1,795 megawatts (MW); 16 hydroelectric power stations with a capacity of 182 MW; two thermal power stations with an installed capacity of 47 MW; and three solar power stations with an installed capacity of 16 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.

Headlines

A Remarkable Year for Boralex in 2020
February 25, 2021 | finance.yahoo.com

/C O R R E C T I O N from Source -- Boralex Inc./
February 12, 2021 | finance.yahoo.com

What Kind Of Shareholders Own Boralex Inc. (TSE:BLX)?
February 4, 2021 | finance.yahoo.com

Historic partnership with the Innu Nation - Québec moves forward with the large-scale 200 MW Apuiat wind farm project
February 4, 2021 | finance.yahoo.com

Boralex Announces Closing of the Acquisition of Interests in Seven Solar Plants in the United States
February 2, 2021 | finance.yahoo.com

CANADA STOCKS - TSX falls 0.01% to 18,025.20
January 8, 2021 | nasdaq.com

Read This Before Judging Boralex Inc.'s (TSE:BLX) ROE
December 21, 2020 | finance.yahoo.com

Boralex Commissions Two New Wind Farms in France
December 8, 2020 | finance.yahoo.com

Boralex Announces Agreements to acquire Interests in Seven Solar Plants in the United States for CA$283M (US$216.5M)
November 23, 2020 | finance.yahoo.com

Acquisition of CPDQ's 49% equity stake in 3 wind farms
November 20, 2020 | finance.yahoo.com

Does Boralex (TSE:BLX) Have The Makings Of A Multi-Bagger?
November 15, 2020 | finance.yahoo.com

Concerned Shareholders of Australis Remind Shareholders to Vote the Yellow Proxy to Deliver Positive and Much Needed Change
November 12, 2020 | finance.yahoo.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

Employees509

Year FoundedN/A

Debt

Debt-to-Equity Ratio330.55

Current Ratio0.99

Quick Ratio0.90

Price-To-Earnings

Trailing P/E Ratio1,344.84

Forward P/E Ratio61.31

P/E Growth2.38

Sales & Book Value

Annual SalesC$618 million

Price / Sales6.92

Cash FlowC$2.13 per share

Price / Cash Flow19.60

Book ValueC$9.45 per share

Price / Book4.41

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares102,546,000

Market CapC$4.28 billion

Next Earnings Date2/26/2021 (Estimated)

OptionableOptionable

MarketRank^™

Overall MarketRank^™

1.35 out of 5 stars

3.3 Analyst's Opinion

Consensus Rating
Boralex Inc. (BLX.TO) has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$49.69, Boralex Inc. (BLX.TO) has a forecasted upside of 19.2% from its current price of C$41.69.
Amount of Analyst Coverage
Boralex Inc. (BLX.TO) has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Boralex Inc. (BLX.TO) has received 321 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Boralex Inc. (BLX.TO) has received 301 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Boralex Inc. (BLX.TO) has received 51.61% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Boralex Inc. (BLX.TO) 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 Inc. (BLX.TO) pays a meaningful dividend of 1.57%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Boralex Inc. (BLX.TO) does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Boralex Inc. (BLX.TO) is 2,129.03%. 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 Inc. (BLX.TO) 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 Inc. (BLX.TO) is 1,344.84, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 32.67.
Price to Earnings Ratio vs. Sector
The P/E ratio of Boralex Inc. (BLX.TO) is 1,344.84, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 33.93.
Price to Earnings Growth Ratio
Boralex Inc. (BLX.TO) has a PEG Ratio of 2.38. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Boralex Inc. (BLX.TO) has a P/B Ratio of 4.41. 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

C$41.69

-0.36 (-0.86 %)

(As of 02/25/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Boralex Inc. (BLX.TO) (TSE:BLX) Frequently Asked Questions

Is Boralex Inc. (BLX.TO) a buy right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Boralex Inc. (BLX.TO) in the last year. There are currently 4 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Boralex Inc. (BLX.TO) stock.
View analyst ratings for Boralex Inc. (BLX.TO) or view top-rated stocks.

What stocks does MarketBeat like better than Boralex Inc. (BLX.TO)?

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

When is Boralex Inc. (BLX.TO)'s next earnings date?

Boralex Inc. (BLX.TO) is scheduled to release its next quarterly earnings announcement on Friday, February 26th 2021.
View our earnings forecast for Boralex Inc. (BLX.TO).

How has Boralex Inc. (BLX.TO)'s stock price been impacted by COVID-19 (Coronavirus)?

Boralex Inc. (BLX.TO)'s stock was trading at C$26.87 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BLX stock has increased by 55.2% and is now trading at C$41.69.
View which stocks have been most impacted by COVID-19.

How often does Boralex Inc. (BLX.TO) pay dividends? What is the dividend yield for Boralex Inc. (BLX.TO)?

Boralex Inc. (BLX.TO) announced a quarterly dividend on Thursday, February 25th. Investors of record on Monday, March 15th will be paid a dividend of 0.165 per share on Monday, March 15th. This represents a $0.66 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, February 25th.
View Boralex Inc. (BLX.TO)'s dividend history.

Is Boralex Inc. (BLX.TO) a good dividend stock?

Boralex Inc. (BLX.TO) pays an annual dividend of C$0.66 per share and currently has a dividend yield of 1.57%. The dividend payout ratio of Boralex Inc. (BLX.TO) is 2,129.03%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Boralex Inc. (BLX.TO)'s dividend history.

What price target have analysts set for BLX?

8 analysts have issued 12-month price targets for Boralex Inc. (BLX.TO)'s shares. Their forecasts range from C$40.00 to C$65.00. On average, they anticipate Boralex Inc. (BLX.TO)'s stock price to reach C$49.69 in the next twelve months. This suggests a possible upside of 19.2% from the stock's current price.
View analysts' price targets for Boralex Inc. (BLX.TO) or view top-rated stocks among Wall Street analysts.

Who are Boralex Inc. (BLX.TO)'s key executives?

Boralex Inc. (BLX.TO)'s management team includes the following people:

Mr. Patrick Decostre, Pres, CEO & Director
Mr. Bruno Guilmette, CFO & VP (Age 55, Pay $598.08k)
Mr. Pascal Hurtubise, VP, Chief Legal Officer & Corp. Sec.
Mr. Hugues Girardin, VP of Devel.
Ms. Julie Cusson, VP of Public & Corp. Affairs

Who are some of Boralex Inc. (BLX.TO)'s key competitors?

Some companies that are related to Boralex Inc. (BLX.TO) include Brookfield Renewable Partners (BEP.UN), Algonquin Power & Utilities Corp. (AQN.TO) (AQN), Uniper (UN01), Northland Power (NPI), TransAlta Renewables Inc. (RNW.TO) (RNW), Innergex Renewable Energy Inc. (INE.TO) (INE), TransAlta (TA), Encavis AG (CAP.F) (CAP), Drax Group (DRX), ContourGlobal (GLO), Polaris Infrastructure (PIF), PowerHouse Energy Group Plc (PHE.L) (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 Inc. (BLX.TO) own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Boralex Inc. (BLX.TO) investors own include Fortis (FTS), Enbridge (ENB), Algonquin Power & Utilities Corp. (AQN.TO) (AQN), The Bank of Nova Scotia (BNS.TO) (BNS), Pembina Pipeline (PPL), RioCan Real Estate Investment Trust (REI.UN), Power Financial (PWF), TC Energy Co. (TRP.TO) (TRP), Air Canada (AC.TO) (AC) and Bombardier, Inc. Class B (BBD.B).

What is Boralex Inc. (BLX.TO)'s stock symbol?

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

How do I buy shares of Boralex Inc. (BLX.TO)?

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 Inc. (BLX.TO)'s stock price today?

One share of BLX stock can currently be purchased for approximately C$41.69.

How much money does Boralex Inc. (BLX.TO) make?

Boralex Inc. (BLX.TO) has a market capitalization of C$4.28 billion and generates C$618 million in revenue each year.

How many employees does Boralex Inc. (BLX.TO) have?

Boralex Inc. (BLX.TO) employs 509 workers across the globe.

What is Boralex Inc. (BLX.TO)'s official website?

The official website for Boralex Inc. (BLX.TO) is www.boralex.com.

Where are Boralex Inc. (BLX.TO)'s headquarters?

Boralex Inc. (BLX.TO) is headquartered at 36 Lajeunesse St, KINGSEY FALLS, QC J0A 1B0, Canada.

How can I contact Boralex Inc. (BLX.TO)?

Boralex Inc. (BLX.TO)'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 2/26/2021 by MarketBeat.com Staff

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