TSE:BLX

Boralex Stock Forecast, Price & News

C$42.76

-0.04 (-0.09 %)

(As of 04/22/2021 12:00 AM ET)

Add

Compare

Today's Range

C$42.42

Now: C$42.76▼

C$43.23

50-Day Range

C$36.59

MA: C$40.49▼

C$43.56

52-Week Range

C$26.12

Now: C$42.76▼

C$56.70

Volume301,949 shs

Average Volume828,407 shs

Market CapitalizationC$4.39 billion

P/E Ratio77.75

Dividend Yield1.54%

BetaN/A

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.

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

Employees527

Year FoundedN/A

Debt

Debt-to-Equity Ratio388.90

Current Ratio1.17

Quick Ratio1.07

Price-To-Earnings

Trailing P/E Ratio77.75

Forward P/E Ratio51.52

P/E Growth1.92

Sales & Book Value

Annual SalesC$633 million

Price / Sales6.93

Cash FlowC$2.63 per share

Price / Cash Flow16.25

Book ValueC$9.64 per share

Price / Book4.44

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares102,617,000

Market CapC$4.39 billion

Next Earnings Date5/5/2021 (Estimated)

OptionableOptionable

Headlines

3 Top Renewables Picks to Buy Right Now - The Motley Fool Canada
April 22, 2021 | fool.ca

Credit Suisse Group Boosts Boralex (TSE:BLX) Price Target to C$52.00
April 20, 2021 | americanbankingnews.com

CIBC Raises Boralex (TSE:BLX) Price Target to C$48.00
April 20, 2021 | americanbankingnews.com

Boralex (TSE:BLX) Price Target Raised to C$52.00
April 20, 2021 | americanbankingnews.com

TSX Gives Back Gains from Late Last Week - Baystreet.ca
April 19, 2021 | baystreet.ca

CANADA STOCKS-TSX flat as investors await earnings - Reuters
April 19, 2021 | reuters.com

Estimating The Fair Value Of Boralex Inc. (TSE:BLX) - Yahoo Finance
April 17, 2021 | finance.yahoo.com

Stocks in play: Boralex Inc. - Yahoo Canada Finance
April 17, 2021 | ca.finance.yahoo.com

The Conseil d'Etat Issues Welcome Ruling for Moulins du Lohan
April 16, 2021 | finance.yahoo.com

Stocks Rise by Noon - Baystreet.ca
April 15, 2021 | baystreet.ca

TFSA Investors: 1 Renewable Energy Stock to Buy in April 2021 - Yahoo Canada Finance
April 11, 2021 | ca.finance.yahoo.com

TFSA Investors: 1 Renewable Energy Stock to Buy in April 2021 - The Motley Fool Canada
April 9, 2021 | fool.ca

Notice of Annual Meeting - Boralex to Hold Virtual Annual Meeting of Shareholders on May 5, 2021 - Yahoo Canada Finance
April 7, 2021 | ca.finance.yahoo.com

Notice of Annual Meeting - Boralex to Hold Virtual Annual Meeting of Shareholders on May 5, 2021 - Yahoo Finance
April 7, 2021 | finance.yahoo.com

ADVISORY - Boralex will Release its 2021 First Quarter Financial Results on May 5 - Yahoo Finance
April 6, 2021 | finance.yahoo.com

Acquisition of LSL Laboratory for Nearly $40 Million Dollars - Name Change - Consolidation - Announcement of a Concurrent Private Placement of Maximum $7 Million - StreetInsider.com
March 30, 2021 | streetinsider.com

Acquisition of LSL Laboratory for Nearly $40 Million Dollars - Name Change - Consolidation - Announcement of a Concurrent Private Placement of Maximum $7 Million
March 30, 2021 | finance.yahoo.com

4 Top Green Energy Stocks to Buy Right Now - The Motley Fool Canada
March 24, 2021 | fool.ca

Indices Hit Hard Tuesday - Baystreet.ca
March 24, 2021 | baystreet.ca

TFSA Investors: 3 Cheap Dividend Stocks to Buy Now - The Motley Fool Canada
March 24, 2021 | fool.ca

See More Headlines

MarketRank^™

Overall MarketRank^™

1.35 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 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$51.81, Boralex has a forecasted upside of 21.2% from its current price of C$42.76.
Amount of Analyst Coverage
Boralex has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Boralex has received 325 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Boralex has received 307 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Boralex has received 51.42% “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 1.54%, 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 120.00%. 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 sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$86,900.00 in company stock.

0.0 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Boralex is 77.75, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Boralex is 77.75, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 31.35.
Price to Earnings Growth Ratio
Boralex has a PEG Ratio of 1.92. 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 4.44. 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$42.76

-0.04 (-0.09 %)

(As of 04/22/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

Receive BLX News and Ratings via Email

Sign-up to receive the latest news and ratings for BLX and its competitors with MarketBeat's FREE daily newsletter.

Boralex (TSE:BLX) Frequently Asked Questions

Is Boralex a buy right now?

8 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 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 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 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's next earnings date?

Boralex is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Boralex.

How were Boralex's earnings last quarter?

Boralex Inc. (TSE:BLX) announced its quarterly earnings data on Thursday, February, 25th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.36 by $0.08. The company earned $193 million during the quarter, compared to analyst estimates of $194 million.
View Boralex's earnings history.

How has Boralex's stock been impacted by Coronavirus (COVID-19)?

Boralex's stock was trading at C$26.87 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BLX stock has increased by 59.1% and is now trading at C$42.76.
View which stocks have been most impacted by COVID-19.

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

Boralex announced a quarterly dividend on Thursday, February 25th. Shareholders 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 dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, February 25th.
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 1.54%. The dividend payout ratio of Boralex is 120.00%. 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?

8 brokerages have issued twelve-month price objectives for Boralex's shares. Their forecasts range from C$46.25 to C$65.00. On average, they anticipate Boralex's stock price to reach C$51.81 in the next year. This suggests a possible upside of 21.2% 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
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.
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), Algonquin Power & Utilities (AQN), Uniper (UN01), 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), Healthcare Capital (HCCC), Spark Power Group (SPG) and Aggregated Micro Power (AMPH).
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$42.76.

How much money does Boralex make?

Boralex has a market capitalization of C$4.39 billion and generates C$633 million in revenue each year.

How many employees does Boralex have?

Boralex employs 527 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 4/22/2021 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here