Boralex Inc. (TSE:BLX – Get Free Report) has earned a consensus rating of “Buy” from the seven research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$43.50.
A number of equities analysts recently commented on the stock. CIBC boosted their price objective on shares of Boralex from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Raymond James boosted their price target on Boralex from C$38.00 to C$41.00 in a research report on Thursday, August 15th. Cormark raised their price objective on Boralex from C$45.00 to C$47.00 in a research report on Thursday, August 15th. Cibc World Mkts upgraded Boralex to a “strong-buy” rating in a research note on Monday, July 22nd. Finally, BMO Capital Markets increased their price target on shares of Boralex from C$39.00 to C$46.00 in a research report on Thursday, September 5th.
View Our Latest Research Report on Boralex
Boralex Stock Performance
Boralex (TSE:BLX – Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported C$0.10 EPS for the quarter, beating analysts’ consensus estimates of C$0.04 by C$0.06. Boralex had a net margin of 9.91% and a return on equity of 6.69%. The business had revenue of C$180.00 million for the quarter, compared to the consensus estimate of C$211.65 million. On average, equities research analysts expect that Boralex will post 1.3383764 earnings per share for the current fiscal year.
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.
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