QQQ   316.90 (-1.19%)
AAPL   164.13 (-0.45%)
MSFT   278.92 (-0.50%)
META   167.33 (-1.72%)
GOOGL   116.47 (-0.71%)
AMZN   137.25 (-1.55%)
TSLA   859.80 (-1.32%)
NVDA   172.43 (-3.09%)
NIO   19.52 (-3.22%)
BABA   91.52 (+0.75%)
AMD   96.87 (-3.20%)
MU   58.79 (-4.33%)
T   18.14 (+0.78%)
CGC   3.13 (-4.57%)
GE   75.50 (+0.43%)
F   15.57 (-1.33%)
DIS   107.58 (-1.40%)
AMC   23.34 (-2.59%)
PYPL   95.02 (-1.29%)
PFE   49.96 (+0.79%)
NFLX   227.57 (-2.54%)
QQQ   316.90 (-1.19%)
AAPL   164.13 (-0.45%)
MSFT   278.92 (-0.50%)
META   167.33 (-1.72%)
GOOGL   116.47 (-0.71%)
AMZN   137.25 (-1.55%)
TSLA   859.80 (-1.32%)
NVDA   172.43 (-3.09%)
NIO   19.52 (-3.22%)
BABA   91.52 (+0.75%)
AMD   96.87 (-3.20%)
MU   58.79 (-4.33%)
T   18.14 (+0.78%)
CGC   3.13 (-4.57%)
GE   75.50 (+0.43%)
F   15.57 (-1.33%)
DIS   107.58 (-1.40%)
AMC   23.34 (-2.59%)
PYPL   95.02 (-1.29%)
PFE   49.96 (+0.79%)
NFLX   227.57 (-2.54%)
QQQ   316.90 (-1.19%)
AAPL   164.13 (-0.45%)
MSFT   278.92 (-0.50%)
META   167.33 (-1.72%)
GOOGL   116.47 (-0.71%)
AMZN   137.25 (-1.55%)
TSLA   859.80 (-1.32%)
NVDA   172.43 (-3.09%)
NIO   19.52 (-3.22%)
BABA   91.52 (+0.75%)
AMD   96.87 (-3.20%)
MU   58.79 (-4.33%)
T   18.14 (+0.78%)
CGC   3.13 (-4.57%)
GE   75.50 (+0.43%)
F   15.57 (-1.33%)
DIS   107.58 (-1.40%)
AMC   23.34 (-2.59%)
PYPL   95.02 (-1.29%)
PFE   49.96 (+0.79%)
NFLX   227.57 (-2.54%)
QQQ   316.90 (-1.19%)
AAPL   164.13 (-0.45%)
MSFT   278.92 (-0.50%)
META   167.33 (-1.72%)
GOOGL   116.47 (-0.71%)
AMZN   137.25 (-1.55%)
TSLA   859.80 (-1.32%)
NVDA   172.43 (-3.09%)
NIO   19.52 (-3.22%)
BABA   91.52 (+0.75%)
AMD   96.87 (-3.20%)
MU   58.79 (-4.33%)
T   18.14 (+0.78%)
CGC   3.13 (-4.57%)
GE   75.50 (+0.43%)
F   15.57 (-1.33%)
DIS   107.58 (-1.40%)
AMC   23.34 (-2.59%)
PYPL   95.02 (-1.29%)
PFE   49.96 (+0.79%)
NFLX   227.57 (-2.54%)
TSE:BLX

Boralex - BLX Stock Forecast, Price & News

C$49.49
-0.26 (-0.52%)
(As of 08/9/2022 10:01 AM ET)
Add
Compare
Today's Range
C$49.41
C$49.75
50-Day Range
C$38.47
C$49.75
52-Week Range
C$30.04
C$50.07
Volume
26,368 shs
Average Volume
339,631 shs
Market Capitalization
C$5.09 billion
P/E Ratio
159.65
Dividend Yield
1.33%
Price Target
C$48.00
BLX stock logo

About Boralex (TSE:BLX) Stock

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

BLX has been the subject of several research analyst reports. CSFB downgraded shares of Boralex from an "outperform" rating to a "neutral" rating in a research report on Monday, July 11th. BMO Capital Markets upped their price target on shares of Boralex from C$45.00 to C$50.00 in a research report on Thursday. National Bankshares increased their target price on shares of Boralex from C$47.00 to C$50.00 and gave the stock an "outperform" rating in a research report on Thursday. Raymond James increased their target price on shares of Boralex from C$51.00 to C$52.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Credit Suisse Group downgraded shares of Boralex to a "hold" rating and set a C$46.00 target price for the company. in a research report on Monday, July 11th. Five equities research 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 currently has an average rating of "Moderate Buy" and an average target price of C$48.00.

Boralex Stock Up 0.7 %

Shares of BLX traded up C$0.37 during mid-day trading on Monday, hitting C$49.75. 211,616 shares of the company's stock were exchanged, compared to its average volume of 341,854. The firm has a fifty day moving average of C$43.22 and a two-hundred day moving average of C$39.42. Boralex has a twelve month low of C$30.04 and a twelve month high of C$50.07. The stock has a market cap of C$5.11 billion and a price-to-earnings ratio of 160.48. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 288.00.

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

Boralex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 16th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.66 dividend on an annualized basis and a yield of 1.33%. Boralex's payout ratio is presently 212.90%.

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.

BLX Stock News Headlines

Brookfield, Boralex, BELLUS at 52-Week Highs
Copper Exploration Heating Up
Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
Boralex (TSE:BLX) Given New C$53.00 Price Target at Scotiabank
Boralex (TSE:BLX) PT Raised to C$50.00 at BMO Capital Markets
How This Rare Metal Is Going To Solve A $173 TRILLION World Problem… And Could Benefit Investors
According to Bloomberg NEF, changing the world to "All Green Energy" could cost about $173 trillion. And without this rare metal, going green would be IMPOSSIBLE. That's why there's a literal "gold rush" to find it. (HINT: It's not electric vehicles, nuclear power, or wind energy).
Boralex (TSE:BLX) Price Target Raised to C$50.00
Raymond James Boosts Boralex (TSE:BLX) Price Target to C$52.00
Scotiabank Raises Boralex (TSE:BLX) Price Target to C$53.00
Bay Street Likely To Open Higher - RTTNews
Boralex (TSE:BLX) Price Target Raised to C$47.00
Boralex (TSE:BLX) Hits New 52-Week High on Analyst Upgrade
See More Headlines
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.

BLX Company Calendar

Last Earnings
8/03/2022
Today
8/09/2022
Ex-Dividend for 9/16 Dividend
8/30/2022
Dividend Payable
9/16/2022
Next Earnings (Estimated)
11/11/2022

Industry, Sector and Symbol

Industry
Utilities - Independent Power Producers
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
562
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$48.00
High Stock Price Forecast
C$55.00
Low Stock Price Forecast
C$37.00
Forecasted Upside/Downside
-3.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$710 million
Cash Flow
C$3.00 per share
Book Value
C$10.87 per share

Miscellaneous

Free Float
N/A
Market Cap
C$5.09 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Patrick Decostre (Age 49)
    Pres, CEO & Director
    Comp: $1.07M
  • Mr. Bruno Guilmette (Age 56)
    CFO & VP
    Comp: $610.29k
  • Mr. Pascal Hurtubise
    VP & Chief Legal Officer
  • Mr. Hugues Girardin
    VP of Devel.
  • Mr. Nicolas Wolff
    VP & GM of Boralex Europe
  • Mr. Stéphane Milot
    Sr. Director of Investors Relations
  • Ms. Julie Cusson
    VP of Public & Corp. Affairs
  • Ms. Marie-Josée Arsenault
    VP of Talent & Culture
  • Mr. Alain Pouliot
    VP of Operations - North America
  • Linda Filion
    Corp. Sec.













BLX Stock - Frequently Asked Questions

Should I buy or sell Boralex stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last twelve months. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 2022?

11 equities research analysts have issued 12-month price targets for Boralex's stock. Their BLX share price forecasts range from C$37.00 to C$55.00. On average, they expect the company's stock price to reach C$48.00 in the next year. This suggests that the stock has a possible downside of 3.5%.
View analysts price targets for BLX
or view top-rated stocks among Wall Street analysts.

How has Boralex's stock price performed in 2022?

Boralex's stock was trading at C$34.68 at the start of the year. Since then, BLX shares have increased by 43.5% and is now trading at C$49.75.
View the best growth stocks for 2022 here
.

When is Boralex's next earnings date?

Boralex is scheduled to release its next quarterly earnings announcement on Friday, November 11th 2022.
View our BLX earnings forecast
.

How were Boralex's earnings last quarter?

Boralex Inc. (TSE:BLX) released its earnings results on Wednesday, August, 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The firm earned $168 million during the quarter, compared to the consensus estimate of $176.80 million.

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

Boralex declared a quarterly dividend on Tuesday, August 30th. Shareholders of record on Friday, September 16th will be given a dividend of 0.165 per share on Friday, September 16th. This represents a $0.66 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Tuesday, August 30th.
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 1.34%. The dividend payout ratio is 212.90%. 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?

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$49.75.

How much money does Boralex make?

Boralex (TSE:BLX) has a market capitalization of C$5.11 billion and generates C$710 million in revenue each year.

How many employees does Boralex have?

Boralex 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 8/9/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.