TSE:BLX Boralex (BLX) Stock Price, News & Analysis → Biden Nomination CANCELED? (From The Freeport Society) (Ad) Free BLX Stock Alerts C$32.62 -0.70 (-2.10%) (As of 05/29/2024 ET) Add Compare Share Share Today's RangeC$32.14▼C$33.0450-Day RangeC$26.40▼C$33.4052-Week RangeC$25.40▼C$39.50Volume369,123 shsAverage Volume251,081 shsMarket CapitalizationC$3.35 billionP/E Ratio33.29Dividend Yield2.02%Price TargetC$40.38 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Get Boralex alerts: Email Address Boralex MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside23.8% UpsideC$40.38 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.36Based on 5 Articles This WeekInsider TradingAcquiring SharesC$24,874 Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.87 out of 5 stars 3.5 Analyst's Opinion Consensus RatingBoralex has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageBoralex has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Boralex's stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for BLX. Previous Next 1.7 Dividend Strength Dividend YieldBoralex pays a meaningful dividend of 1.98%, 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 67.35%. This payout ratio is at a healthy, sustainable level, below 75%.Read more about Boralex's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BLX. Previous Next 1.9 News and Social Media Coverage News SentimentBoralex has a news sentiment score of 0.36. 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 0.51 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Boralex this week, compared to 1 article on an average week.Search InterestOnly 6 people have searched for BLX on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Boralex to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Boralex insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$24,874.00 in company stock and sold C$0.00 in company stock.Percentage Held by InsidersOnly 0.16% of the stock of Boralex is held by insiders.Percentage Held by Institutions60.61% of the stock of Boralex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Boralex's insider trading history. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Boralex is 33.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.47.Price to Earnings Ratio vs. SectorThe P/E ratio of Boralex is 33.29, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 90.55.Price to Earnings Growth RatioBoralex has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioBoralex has a P/B Ratio of 1.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Boralex's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad StocksToTradeWrite this ticker symbol down…A megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made millionaire Tim Bohen is giving you an inside look at the megatrend that’s going to change everything.Discover the #1 company leading this revolution About Boralex Stock (TSE:BLX)Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe. Boralex Inc. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.Read More BLX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BLX Stock News HeadlinesMay 30 at 1:42 AM | americanbankingnews.comBoralex (TSE:BLX) Price Target Increased to C$43.00 by Analysts at National BanksharesMay 28 at 2:46 AM | americanbankingnews.comBoralex (TSE:BLX) Stock Crosses Above Two Hundred Day Moving Average of $30.45May 20, 2024 | americanbankingnews.comNational Bank Financial Equities Analysts Boost Earnings Estimates for Boralex Inc. (TSE:BLX)May 20, 2024 | americanbankingnews.comQ3 2024 Earnings Forecast for Boralex Inc. Issued By Raymond James (TSE:BLX)May 15, 2024 | finance.yahoo.comBoralex announces the election of its directors and highlights of its Annual Meeting of ShareholdersMay 15, 2024 | msn.comBoralex stock surges over 10% as strong wind powers Q1 profitMay 15, 2024 | markets.businessinsider.comBay Street Seen Opening On Mixed NoteMay 10, 2024 | finance.yahoo.com125 MW Awarded in Ontario LT1 RFP: Boralex consolidates its position as a leading battery storage developer in CanadaMay 1, 2024 | markets.businessinsider.comCanadian Market Modestly Lower At Noon; Energy, Cannabis Stocks FallApril 8, 2024 | finance.yahoo.comBoralex will release its 2024 first quarter financial results on May 15March 23, 2024 | investing.comBLX/USD - Blockchain Index US DollarMarch 22, 2024 | seekingalpha.comBLX:CA Boralex Inc.March 1, 2024 | ca.finance.yahoo.comStocks in play: Boralex Inc.February 16, 2024 | finance.yahoo.comWith 53% ownership, Boralex Inc. (TSE:BLX) boasts of strong institutional backingFebruary 13, 2024 | finance.yahoo.comBoralex: Dividend DeclarationNovember 8, 2023 | finance.yahoo.comREMINDER -- Boralex will release its 2023 third quarter financial results on November 9October 18, 2023 | markets.businessinsider.comBoralex Inc Cl A (BLX) Gets a Buy Rating from BMO CapitalSeptember 11, 2023 | markets.businessinsider.comBoralex Inc Cl A (BLX) Received its Third Buy in a RowSeptember 8, 2023 | finanznachrichten.deBoralex Inc.: Boralex and the Innu announce the closing of a financing for over $600 million for the Apuiat wind farm in QuebecSeptember 8, 2023 | markets.businessinsider.comBMO Capital Thinks Boralex Inc Cl A’s Stock is Going to RecoverSeptember 8, 2023 | finance.yahoo.comBoralex and the Innu announce the closing of a financing for over $600 million for the Apuiat wind farm in QuebecSeptember 1, 2023 | finance.yahoo.comWith 52% ownership of the shares, Boralex Inc. (TSE:BLX) is heavily dominated by institutional ownersAugust 23, 2023 | theglobeandmail.comBoralex: Top 10 Undervalued Utilities Sector Stocks on TSX (BLX)August 16, 2023 | finance.yahoo.comIs Boralex Inc.'s (TSE:BLX) 0.7% ROE Worse Than Average?August 14, 2023 | msn.comBoralex shares jump 10% after reporting Q2 profit up from year agoSee 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. Email Address Company Calendar Ex-Dividend for 3/15 Dividend2/28/2024Last Earnings3/01/2024Dividend Payable3/15/2024Today5/29/2024Ex-Dividend for 6/17 Dividend5/31/2024Dividend Payable6/17/2024Next Earnings (Estimated)8/12/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorUtilities Industry Utilities - Renewable Sub-IndustryN/A Current SymbolTSE:BLX CUSIPN/A CIKN/A Webwww.boralex.com Phone+1-819-3636363FaxN/AEmployees753Year FoundedN/APrice Target and Rating Average Stock Price TargetC$40.38 High Stock Price TargetC$47.00 Low Stock Price TargetC$36.00 Potential Upside/Downside+23.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.98 Trailing P/E Ratio33.29 Forward P/E Ratio30.89 P/E Growth0.94Net IncomeC$100 million Net Margins10.14% Pretax MarginN/A Return on Equity6.87% Return on Assets2.55% Debt Debt-to-Equity Ratio172.42 Current Ratio1.16 Quick Ratio1.54 Sales & Book Value Annual SalesC$986 million Price / Sales3.40 Cash FlowC$5.13 per share Price / Cash Flow6.36 Book ValueC$16.50 per share Price / Book1.98Miscellaneous Outstanding Shares102,770,000Free FloatN/AMarket CapC$3.35 billion OptionableNot Optionable Beta0.41 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for June 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Patrick Decostre (Age 51)President, CEO & Director Comp: $1.12MMr. Bruno Guilmette (Age 58)CFO & EVP Comp: $624.55kMr. Pascal HurtubiseExecutive VP & Chief Legal OfficerMr. Hugues GirardinExecutive VP & GM of North AmericaMr. Nicolas WolffExecutive VP & GM of EuropeMr. Stéphane MilotVice President of Investors RelationsMs. Isabelle FontaineSenior Vice President of Marketing, Public Affairs & Corporate CommunicationsMs. Marie-Josée ArsenaultExecutive VP and Chief People & Culture OfficerAdam RossoSenior Vice President of Development of North AmericaMr. Alain PouliotSenior Vice President of Asset Management of North AmericaMore ExecutivesKey CompetitorsTransAlta RenewablesTSE:RNWInnergex Renewable EnergyTSE:INEAlgonquin Power & UtilitiesTSE:AQNNorthland PowerTSE:NPIBrookfield RenewableTSE:BEPCView All CompetitorsInsidersJulie CussonBought 100 shares on 5/21/2024Total: C$3,175.00 ($31.75/share)Marie-Josée ArsenaultBought 61 shares on 3/25/2024Total: C$1,686.65 ($27.65/share)Bruno GuilmetteBought 700 shares on 3/14/2024Total: C$20,012.02 ($28.59/share)André CourvilleBought 100 shares on 11/27/2023Total: C$2,905.50 ($29.06/share)Patrick DecostreBought 195 shares on 11/17/2023Total: C$5,930.89 ($30.41/share)View All Insider Transactions BLX Stock Analysis - Frequently Asked Questions Should I buy or sell Boralex stock right now? 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last twelve months. There are currently 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BLX shares. View BLX analyst ratings or view top-rated stocks. What is Boralex's stock price target for 2024? 8 analysts have issued 1-year price targets for Boralex's stock. Their BLX share price targets range from C$36.00 to C$47.00. On average, they predict the company's stock price to reach C$40.38 in the next twelve months. This suggests a possible upside of 23.8% 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 2024? Boralex's stock was trading at C$33.68 at the beginning of the year. Since then, BLX shares have decreased by 3.1% and is now trading at C$32.62. View the best growth stocks for 2024 here. When is Boralex's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 12th 2024. View our BLX earnings forecast. How were Boralex's earnings last quarter? Boralex Inc. (TSE:BLX) released its quarterly earnings results on Friday, March, 1st. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.51 by $0.15. The firm had revenue of $315 million for the quarter, compared to the consensus estimate of $262.30 million. Boralex had a trailing twelve-month return on equity of 6.87% and a net margin of 10.14%. How often does Boralex pay dividends? What is the dividend yield for Boralex? Boralex announced a quarterly dividend on Wednesday, May 15th. Stockholders of record on Friday, May 31st will be given a dividend of 0.165 per share on Monday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, May 31st. 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 1.98%. The dividend payout ratio is 67.35%. This payout ratio is at a healthy, sustainable level, below 75%. 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). 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. 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