Boralex Q4 EPS Decreased by National Bank Financial

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

Several other equities analysts have also recently weighed in on BLX. Raymond James raised their price objective on Boralex from C$38.00 to C$41.00 in a report on Thursday, August 15th. Royal Bank of Canada boosted their price target on Boralex from C$36.00 to C$38.00 in a research report on Thursday, August 15th. Cormark increased their price objective on Boralex from C$45.00 to C$47.00 in a report on Thursday, August 15th. Cibc World Mkts raised shares of Boralex to a “strong-buy” rating in a research note on Monday, July 22nd. Finally, CIBC dropped their price target on shares of Boralex from C$43.00 to C$42.00 in a research report on Friday. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$43.38.

Boralex Stock Down 3.3 %

Shares of BLX stock opened at C$31.80 on Monday. The firm’s fifty day moving average price is C$34.16 and its two-hundred day moving average price is C$33.19. The company has a current ratio of 0.95, a quick ratio of 1.54 and a debt-to-equity ratio of 175.24. Boralex has a 1 year low of C$26.25 and a 1 year high of C$36.68. The firm has a market capitalization of C$3.27 billion, a P/E ratio of 34.19, a PEG 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.