TSE:BLX Boralex - BLX Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Boralex Inc. Please log in to your account or sign up in order to add this asset to your watchlist. C$41.15 +0.39 (+0.96%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's RangeC$40.85▼C$42.0150-Day RangeC$35.39▼C$41.1552-Week RangeC$33.96▼C$51.55Volume417,962 shsAverage Volume263,034 shsMarket CapitalizationC$4.23 billionP/E Ratio137.17Dividend Yield1.60%Price TargetC$46.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media Boralex MarketRank™ ForecastAnalyst RatingModerate Buy2.57 Rating ScoreUpside/Downside13.0% UpsideC$46.50 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment-0.35Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.18 out of 5 stars 2.3 Analyst's Opinion Consensus RatingBoralex has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$46.50, Boralex has a forecasted upside of 13.0% from its current price of C$41.15.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 1.70%, 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 220.00%. 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 0.9 News and Social Media Coverage News SentimentBoralex has a news sentiment score of -0.35. 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 0.46 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Boralex this week, compared to 2 articles on an average week.Search InterestOnly 6 people have searched for BLX on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Boralex insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.30% of the stock of Boralex is held by insiders.Percentage Held by Institutions55.97% 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 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Boralex is 137.17, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 122.18.Price to Earnings Ratio vs. SectorThe P/E ratio of Boralex is 137.17, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 107.72.Price to Earnings Growth RatioBoralex has a PEG Ratio of 1.11. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioBoralex has a P/B Ratio of 2.52. 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 About Boralex (TSE:BLX) StockBoralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an installed capacity of 2,032 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; 12 solar power stations with an installed capacity of 244 MW; and one thermal power station with an installed capacity of 35 MW. It also operates two hydroelectric power stations on behalf of R.S.P. Énergie Inc. Boralex Inc. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.Read More 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 BLX Stock News HeadlinesMarch 31, 2023 | finance.yahoo.comAs Boralex Inc. (TSE:BLX) hits CA$4.2b market cap, insiders may be dismayed about not purchasing higher quantitiesMarch 29, 2023 | theglobeandmail.comClosing Bell: Boralex Inc up on Tuesday (BLX)April 1, 2023 | Vantage Point (Ad)Did You See These Trend Reversals?Get ready for a potentially shocking and unprecedented announcement from the Fed meeting on May 3rd. This could cause many retail and industry traders to resort to drastic measures. One swift stroke could make popular assets plummet, BUT… there’s a straightforward solution to act now to protect your family and wealth. March 26, 2023 | americanbankingnews.comBoralex Inc. (TSE:BLX) Receives C$46.50 Average PT from AnalystsMarch 14, 2023 | finance.yahoo.comBoralex Inc.'s (TSE:BLX) top owners are retail investors with 51% stake, while 49% is held by institutionsFebruary 26, 2023 | finance.yahoo.comIndustry Analysts Just Upgraded Their Boralex Inc. (TSE:BLX) Revenue Forecasts By 11%February 23, 2023 | finance.yahoo.comREPEAT -- Boralex will release its 2022 fourth quarter financial results on February 24February 21, 2023 | finance.yahoo.comBoralex commissions 65 MW in Brittany and crosses the milestone of 3 GW of installed capacity worldwideApril 1, 2023 | The Oxford Club (Ad)JP Morgan analyst: Oil to hit $380 per barrelJP Morgan analysts have pegged the future price of oil at $380 per barrel. That would send oil companies skyrocketing. But there is one investment set to outperform all the rest.February 9, 2023 | finance.yahoo.comBoralex (TSE:BLX) Might Have The Makings Of A Multi-BaggerJanuary 26, 2023 | finance.yahoo.comA Look At The Fair Value Of Boralex Inc. (TSE:BLX)January 12, 2023 | finance.yahoo.comIf EPS Growth Is Important To You, Boralex (TSE:BLX) Presents An OpportunityDecember 29, 2022 | finance.yahoo.comBoralex acquires a 50% interest in five wind farms totalling 894 MW in the United StatesDecember 22, 2022 | finance.yahoo.comBoralex commissions 25 MW of solar and wind farms in FranceDecember 20, 2022 | finance.yahoo.comThree Boralex projects selected in France’s first technology-neutral tenderDecember 14, 2022 | finance.yahoo.comCan Boralex Inc. (TSE:BLX) Improve Its Returns?November 11, 2022 | finance.yahoo.comBoralex Third Quarter 2022 Earnings: Misses ExpectationsOctober 28, 2022 | finance.yahoo.comBoralex unveils new management model: A consolidated management team and geographic business units to support Boralex's growthOctober 11, 2022 | finance.yahoo.comLa Clé des Champs solar farm: Boralex commissions its first French asset open for crowdinvesting - Yahoo FinanceOctober 11, 2022 | finance.yahoo.comBoralex will release its 2022 third quarter financial results on November 9 - Yahoo FinanceOctober 11, 2022 | globenewswire.comLa Clé des Champs solar farm: Boralex commissions its first French asset open for crowdinvesting - GlobeNewswireOctober 11, 2022 | finance.yahoo.comLa Clé des Champs solar farm: Boralex commissions its first French asset open for crowdinvestingOctober 7, 2022 | ca.investing.comKalkine Media explores TSX renewable stocks to watch in October By Kalkine Media - Investing.com CanadaOctober 5, 2022 | baystreet.caMini Streak Stopped at Two - Baystreet.caOctober 2, 2022 | msn.comMarket Selloff: 2 of the Safest Canadian Stocks I'd Buy in October 2022 to Hold Forever - msnNOWSeptember 30, 2022 | fool.caMarket Selloff: 2 of the Safest Canadian Stocks I'd Buy in October 2022 to Hold Forever - The Motley Fool CanadaSeptember 28, 2022 | finance.yahoo.comBoralex Inc.'s (TSE:BLX) 4.6% loss last week hit both individual investors who own 50% as well as institutionsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 BLX Company Calendar Ex-Dividend for 3/15 Dividend2/27/2023Dividend Payable3/15/2023Today4/01/2023Next Earnings (Estimated)5/10/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Utilities - Independent Power Producers Sub-IndustryN/A SectorUtilities Current SymbolTSE:BLX CUSIPN/A CIKN/A Webwww.boralex.com Phone+1-819-3636363FaxN/AEmployees562Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$46.50 High Stock Price ForecastC$57.50 Low Stock Price ForecastC$36.00 Forecasted Upside/Downside+13.0%Consensus RatingModerate Buy Rating Score (0-4)2.57 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.30 Trailing P/E Ratio137.17 Forward P/E Ratio35.54 P/E Growth1.11Net IncomeC$30 million Net Margins3.59% Pretax MarginN/A Return on Equity0.49% Return on Assets2.00% Debt Debt-to-Equity Ratio178.82 Current Ratio0.78 Quick Ratio1.54 Sales & Book Value Annual SalesC$836 million Price / Sales5.06 Cash FlowC$6.47 per share Price / Cash Flow6.36 Book ValueC$16.36 per share Price / Book2.52Miscellaneous Outstanding Shares102,760,000Free FloatN/AMarket CapC$4.23 billion OptionableOptionable Beta0.35 Key ExecutivesMr. Patrick Decostre (Age 50)Pres, CEO & Director Comp: $1.07MMr. Bruno Guilmette (Age 57)CFO & EVP Comp: $610.29kMr. Pascal HurtubiseExec. VP & Chief Legal OfficerMr. Hugues GirardinExec. VP & GM of North AmericaMr. Nicolas WolffExec. VP & GM of EuropeMr. Stéphane MilotSr. Director of Investors RelationsMs. Isabelle FontaineSr. VP of Corp. Public Affairs & CommunicationsMs. Marie-Josée ArsenaultExec. VP and Chief People & Culture OfficerMs. Julie CussonSr. VP of Enterprise Risk Management & CSRMr. Rabindra Nath MishraDeputy Managing Director of Devel. EuropeMore ExecutivesKey CompetitorsTransAlta RenewablesTSE:RNWTransAltaTSE:TAInnergex Renewable EnergyTSE:INEAlgonquin Power & UtilitiesTSE:AQNNorthland PowerTSE:NPIView All CompetitorsInsidersDany St-PierreBought 1,530 shares on 9/7/2022Total: C$70,695.96 ($46.21/share)View All Insider Transactions BLX Stock - Frequently Asked Questions Should I buy or sell Boralex stock right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BLX shares. View BLX analyst ratings or view top-rated stocks. What is Boralex's stock price forecast for 2023? 7 brokerages have issued 1-year price objectives for Boralex's shares. Their BLX share price forecasts range from C$36.00 to C$57.50. On average, they expect the company's share price to reach C$46.50 in the next year. This suggests a possible upside of 13.0% 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 2023? Boralex's stock was trading at C$40.02 at the beginning of 2023. Since then, BLX shares have increased by 2.8% and is now trading at C$41.15. View the best growth stocks for 2023 here. When is Boralex's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 10th 2023. View our BLX earnings forecast. How often does Boralex pay dividends? What is the dividend yield for Boralex? Boralex announced a quarterly dividend on Tuesday, February 14th. Stockholders of record on Tuesday, February 28th will be given a dividend of 0.165 per share on Wednesday, March 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Monday, February 27th. 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 1.70%. The dividend payout ratio is 220.00%. 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). 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 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. What is Boralex's stock price today? One share of BLX stock can currently be purchased for approximately C$41.15. How much money does Boralex make? Boralex (TSE:BLX) has a market capitalization of C$4.23 billion and generates C$836 million in revenue each year. The company earns C$30 million in net income (profit) each year or C$0.30 on an earnings per share basis. How many employees does Boralex have? The company employs 562 workers across the globe. How can I contact Boralex? Boralex's mailing address is 36 Lajeunesse St, KINGSEY FALLS, QC J0A 1B0, Canada. The official website for the company is www.boralex.com. The company can be reached via phone at +1-819-3636363. This page (TSE:BLX) was last updated on 4/1/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: 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 from 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. 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