Equities Analysts Offer Predictions for Boralex Q4 Earnings

Boralex Inc. (TSE:BLX) – Research analysts at National Bank Financial lowered their Q4 2024 EPS estimates for shares of Boralex in a report released 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 previous estimate of $0.55. The consensus estimate for Boralex’s current full-year earnings is $1.34 per share.

Several other research firms have also weighed in on BLX. Raymond James increased their target price on Boralex from C$38.00 to C$41.00 in a research note on Thursday, August 15th. BMO Capital Markets cut their price target on shares of Boralex from C$46.00 to C$45.00 in a research report on Friday. CIBC decreased their price objective on shares of Boralex from C$43.00 to C$42.00 in a report on Friday. Royal Bank of Canada upped their price objective on shares of Boralex from C$36.00 to C$38.00 in a research report on Thursday, August 15th. Finally, Cibc World Mkts upgraded Boralex to a “strong-buy” rating in a report on Monday, July 22nd. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$43.38.

Boralex Stock Down 3.3 %

TSE:BLX opened at C$31.80 on Monday. The company has a quick ratio of 1.54, a current ratio of 0.95 and a debt-to-equity ratio of 175.24. Boralex has a 12-month low of C$26.25 and a 12-month high of C$36.68. The stock’s fifty day simple moving average is C$34.16 and its 200-day simple moving average is C$33.19. The firm has a market capitalization of C$3.27 billion, a P/E ratio of 34.19, a P/E/G 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.