Boralex - BLX Stock Forecast, Price & News

Boralex 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Credit Suisse Group lowered shares of Boralex to a "hold" rating and set a C$46.00 price target on the stock. in a research report on Monday, July 11th. Raymond James lifted their price target on shares of Boralex from C$51.00 to C$52.00 and gave the company an "outperform" rating in a research report on Thursday, August 4th. National Bankshares lifted their price target on shares of Boralex from C$47.00 to C$50.00 and gave the company an "outperform" rating in a research report on Thursday, August 4th. CSFB lowered shares of Boralex from an "outperform" rating to a "neutral" rating in a research report on Monday, July 11th. Finally, BMO Capital Markets lifted their price target on shares of Boralex from C$45.00 to C$50.00 in a research report on Thursday, August 4th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$48.00.

Boralex Stock Performance

Boralex stock traded up C$0.67 on Thursday, hitting C$48.37. The company's stock had a trading volume of 290,161 shares, compared to its average volume of 342,084. The firm has a market cap of C$4.97 billion and a P/E ratio of 156.03. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 288.00. The company has a fifty day moving average price of C$43.60 and a 200-day moving average price of C$39.54. Boralex has a one year low of C$30.04 and a one year high of C$50.07.

Boralex (TSE:BLX - Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported C$0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.08 by C$0.02. The business had revenue of C$168.00 million during the quarter, compared to the consensus estimate of C$176.80 million. On average, equities analysts anticipate that Boralex will post 0.8798095 earnings per share for the current year.

Boralex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, September 16th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, August 30th. Boralex's dividend payout ratio (DPR) is presently 212.90%.