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5 Stocks to Buy Immediately (Ad)pixel
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S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
5 Stocks to Buy Immediately (Ad)pixel
UK travelers face hours-long waits for ferries to France
Intensity and insults rise as lawmakers debate debt ceiling
5 Stocks to Buy Immediately (Ad)pixel
Credit Suisse takeover hits heart of Swiss banking, identity
Small areas reopen near Fukushima nuclear plant, few return
5 Stocks to Buy Immediately (Ad)pixel
UN food chief: Billions needed to avert unrest, starvation
'War of the states': EV, chip makers lavished with subsidies
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
5 Stocks to Buy Immediately (Ad)pixel
UK travelers face hours-long waits for ferries to France
Intensity and insults rise as lawmakers debate debt ceiling
5 Stocks to Buy Immediately (Ad)pixel
Credit Suisse takeover hits heart of Swiss banking, identity
Small areas reopen near Fukushima nuclear plant, few return
5 Stocks to Buy Immediately (Ad)pixel
UN food chief: Billions needed to avert unrest, starvation
'War of the states': EV, chip makers lavished with subsidies
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
5 Stocks to Buy Immediately (Ad)pixel
UK travelers face hours-long waits for ferries to France
Intensity and insults rise as lawmakers debate debt ceiling
5 Stocks to Buy Immediately (Ad)pixel
Credit Suisse takeover hits heart of Swiss banking, identity
Small areas reopen near Fukushima nuclear plant, few return
5 Stocks to Buy Immediately (Ad)pixel
UN food chief: Billions needed to avert unrest, starvation
'War of the states': EV, chip makers lavished with subsidies
TSE:BLX

Boralex - BLX Stock Forecast, Price & News

C$41.15
+0.39 (+0.96%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
C$40.85
▼
C$42.01
50-Day Range
C$35.39
▼
C$41.15
52-Week Range
C$33.96
▼
C$51.55
Volume
417,962 shs
Average Volume
263,034 shs
Market Capitalization
C$4.23 billion
P/E Ratio
137.17
Dividend Yield
1.60%
Price Target
C$46.50

Boralex MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
13.0% Upside
C$46.50 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.35mentions of Boralex in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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

See Top Rated MarketRank™ Stocks Here

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.

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BLX Stock News Headlines

March 31, 2023 | finance.yahoo.com
As Boralex Inc. (TSE:BLX) hits CA$4.2b market cap, insiders may be dismayed about not purchasing higher quantities
March 29, 2023 | theglobeandmail.com
Closing Bell: Boralex Inc up on Tuesday (BLX)
April 1, 2023 | Vantage Point (Ad)
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March 26, 2023 | americanbankingnews.com
Boralex Inc. (TSE:BLX) Receives C$46.50 Average PT from Analysts
March 14, 2023 | finance.yahoo.com
Boralex Inc.'s (TSE:BLX) top owners are retail investors with 51% stake, while 49% is held by institutions
February 26, 2023 | finance.yahoo.com
Industry Analysts Just Upgraded Their Boralex Inc. (TSE:BLX) Revenue Forecasts By 11%
February 23, 2023 | finance.yahoo.com
REPEAT -- Boralex will release its 2022 fourth quarter financial results on February 24
February 21, 2023 | finance.yahoo.com
Boralex commissions 65 MW in Brittany and crosses the milestone of 3 GW of installed capacity worldwide
April 1, 2023 | The Oxford Club (Ad)
JP Morgan analyst: Oil to hit $380 per barrel
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February 9, 2023 | finance.yahoo.com
Boralex (TSE:BLX) Might Have The Makings Of A Multi-Bagger
January 26, 2023 | finance.yahoo.com
A Look At The Fair Value Of Boralex Inc. (TSE:BLX)
January 12, 2023 | finance.yahoo.com
If EPS Growth Is Important To You, Boralex (TSE:BLX) Presents An Opportunity
December 29, 2022 | finance.yahoo.com
Boralex acquires a 50% interest in five wind farms totalling 894 MW in the United States
December 22, 2022 | finance.yahoo.com
Boralex commissions 25 MW of solar and wind farms in France
December 20, 2022 | finance.yahoo.com
Three Boralex projects selected in France’s first technology-neutral tender
December 14, 2022 | finance.yahoo.com
Can Boralex Inc. (TSE:BLX) Improve Its Returns?
November 11, 2022 | finance.yahoo.com
Boralex Third Quarter 2022 Earnings: Misses Expectations
October 28, 2022 | finance.yahoo.com
Boralex unveils new management model: A consolidated management team and geographic business units to support Boralex's growth
October 11, 2022 | finance.yahoo.com
La Clé des Champs solar farm: Boralex commissions its first French asset open for crowdinvesting - Yahoo Finance
October 11, 2022 | finance.yahoo.com
Boralex will release its 2022 third quarter financial results on November 9 - Yahoo Finance
October 11, 2022 | globenewswire.com
La Clé des Champs solar farm: Boralex commissions its first French asset open for crowdinvesting - GlobeNewswire
October 11, 2022 | finance.yahoo.com
La Clé des Champs solar farm: Boralex commissions its first French asset open for crowdinvesting
October 7, 2022 | ca.investing.com
Kalkine Media explores TSX renewable stocks to watch in October By Kalkine Media - Investing.com Canada
October 5, 2022 | baystreet.ca
Mini Streak Stopped at Two - Baystreet.ca
October 2, 2022 | msn.com
Market Selloff: 2 of the Safest Canadian Stocks I'd Buy in October 2022 to Hold Forever - msnNOW
September 30, 2022 | fool.ca
Market Selloff: 2 of the Safest Canadian Stocks I'd Buy in October 2022 to Hold Forever - The Motley Fool Canada
September 28, 2022 | finance.yahoo.com
Boralex Inc.'s (TSE:BLX) 4.6% loss last week hit both individual investors who own 50% as well as institutions
See More Headlines
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BLX Company Calendar

Ex-Dividend for 3/15 Dividend
2/27/2023
Dividend Payable
3/15/2023
Today
4/01/2023
Next Earnings (Estimated)
5/10/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Utilities - Independent Power Producers
Sub-Industry
N/A
Sector
Utilities
Current Symbol
TSE:BLX
CUSIP
N/A
CIK
N/A
Web
www.boralex.com
Phone
+1-819-3636363
Fax
N/A
Employees
562
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$46.50
High Stock Price Forecast
C$57.50
Low Stock Price Forecast
C$36.00
Forecasted Upside/Downside
+13.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$0.30
Trailing P/E Ratio
137.17
Forward P/E Ratio
35.54
P/E Growth
1.11
Net Income
C$30 million
Net Margins
3.59%
Pretax Margin
N/A
Return on Equity
0.49%
Return on Assets
2.00%

Debt

Debt-to-Equity Ratio
178.82
Current Ratio
0.78
Quick Ratio
1.54

Sales & Book Value

Annual Sales
C$836 million
Price / Sales
5.06
Cash Flow
C$6.47 per share
Price / Cash Flow
6.36
Book Value
C$16.36 per share
Price / Book
2.52

Miscellaneous

Outstanding Shares
102,760,000
Free Float
N/A
Market Cap
C$4.23 billion
Optionable
Optionable
Beta
0.35

Key Executives

  • Mr. Patrick Decostre (Age 50)
    Pres, CEO & Director
    Comp: $1.07M
  • Mr. Bruno Guilmette (Age 57)
    CFO & EVP
    Comp: $610.29k
  • Mr. Pascal Hurtubise
    Exec. VP & Chief Legal Officer
  • Mr. Hugues Girardin
    Exec. VP & GM of North America
  • Mr. Nicolas Wolff
    Exec. VP & GM of Europe
  • Mr. Stéphane Milot
    Sr. Director of Investors Relations
  • Ms. Isabelle Fontaine
    Sr. VP of Corp. Public Affairs & Communications
  • Ms. Marie-Josée Arsenault
    Exec. VP and Chief People & Culture Officer
  • Ms. Julie Cusson
    Sr. VP of Enterprise Risk Management & CSR
  • Mr. Rabindra Nath Mishra
    Deputy Managing Director of Devel. Europe

Key Competitors

View All Competitors

Insiders

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