Equities Analysts Set Expectations for Boralex Q3 Earnings

Boralex Inc. (TSE:BLX) – Investment analysts at Raymond James Financial upped their Q3 2026 earnings estimates for Boralex in a research report issued on Sunday, November 9th. Raymond James Financial analyst D. Magder now expects that the company will post earnings per share of ($0.07) for the quarter, up from their previous forecast of ($0.08). The consensus estimate for Boralex’s current full-year earnings is $1.34 per share. Raymond James Financial also issued estimates for Boralex’s Q4 2026 earnings at $0.83 EPS.

BLX has been the subject of several other reports. National Bankshares dropped their target price on Boralex from C$43.00 to C$41.00 and set an “outperform” rating for the company in a report on Monday, August 11th. Desjardins lowered their price target on shares of Boralex from C$45.00 to C$43.00 and set a “top pick” rating on the stock in a research report on Tuesday, October 28th. Scotiabank cut their price objective on shares of Boralex from C$36.00 to C$35.00 and set a “sector perform” rating for the company in a research report on Monday, August 11th. Royal Bank Of Canada reduced their target price on shares of Boralex from C$38.00 to C$36.00 in a research note on Monday. Finally, CIBC dropped their price target on shares of Boralex from C$39.00 to C$38.00 in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$38.22.

Boralex Trading Down 0.8%

Shares of Boralex stock opened at C$28.17 on Wednesday. The company has a debt-to-equity ratio of 233.60, a current ratio of 0.86 and a quick ratio of 1.54. The stock’s 50 day simple moving average is C$27.84 and its 200-day simple moving average is C$29.95. The stock has a market cap of C$2.89 billion, a P/E ratio of -313.00, a P/E/G ratio of 2.01 and a beta of 0.33. Boralex has a 1-year low of C$24.40 and a 1-year high of C$33.61.

Boralex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 15th were paid a dividend of $0.165 per share. The ex-dividend date was Friday, August 29th. This represents a $0.66 annualized dividend and a dividend yield of 2.3%. Boralex’s dividend payout ratio is -733.33%.

Boralex Company Profile

Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex’s plants rely on wind power, while a significant number also employ hydroelectric power.