National Bank Financial Expects Weaker Earnings for Boralex

Boralex Inc. (TSE:BLX) – Investment analysts at National Bank Financial dropped their FY2024 earnings estimates for shares of Boralex in a report released on Tuesday, January 14th. National Bank Financial analyst R. Merer now anticipates that the company will earn $0.82 per share for the year, down from their prior forecast of $1.02. The consensus estimate for Boralex’s current full-year earnings is $1.34 per share.

A number of other research analysts also recently issued reports on the company. CIBC reduced their price target on Boralex from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. BMO Capital Markets reduced their target price on Boralex from C$46.00 to C$45.00 in a research note 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 MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$43.13.

Boralex Stock Performance

Shares of TSE:BLX opened at C$27.03 on Thursday. The company has a current ratio of 0.95, a quick ratio of 1.54 and a debt-to-equity ratio of 175.24. The company has a 50-day moving average price of C$29.63 and a 200-day moving average price of C$32.50. The company has a market cap of C$2.78 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. Boralex has a 12 month low of C$25.83 and a 12 month high of C$36.68.

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.