Boralex Q4 EPS Estimate Lowered by National Bank Financial

Boralex Inc. (TSE:BLX) – Equities research analysts at National Bank Financial lowered their Q4 2024 earnings estimates for shares of Boralex in a research report issued to clients and investors on Thursday, November 14th. National Bank Financial analyst R. Merer now forecasts that the company will earn $0.51 per share for the quarter, down from their previous forecast of $0.55. The consensus estimate for Boralex’s current full-year earnings is $1.34 per share.

Several other research analysts also recently weighed in on the stock. Cormark upped their price target on shares of Boralex from C$45.00 to C$47.00 in a research report on Thursday, August 15th. CIBC reduced their price target on shares of Boralex from C$43.00 to C$42.00 in a research report on Friday, November 15th. Royal Bank of Canada upped their price target on shares of Boralex from C$36.00 to C$38.00 in a research report on Thursday, August 15th. Raymond James upped their price target on shares of Boralex from C$38.00 to C$41.00 in a research report on Thursday, August 15th. Finally, BMO Capital Markets cut their price objective on shares of Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boralex has a consensus rating of “Buy” and an average price target of C$43.38.

Boralex Stock Down 1.5 %

BLX opened at C$30.00 on Monday. Boralex has a twelve month low of C$26.25 and a twelve month high of C$36.68. The company has a quick ratio of 1.54, a current ratio of 0.95 and a debt-to-equity ratio of 175.24. The company has a 50-day moving average price of C$34.10 and a 200 day moving average price of C$33.24. The company has a market cap of C$3.08 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46.

About Boralex

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.