National Bank Financial Predicts Higher Earnings for Boralex

Boralex Inc. (TSE:BLX) – Equities researchers at National Bank Financial raised their Q3 2025 earnings per share estimates for Boralex in a research note issued on Tuesday, April 8th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of ($0.19) for the quarter, up from their previous estimate of ($0.20). The consensus estimate for Boralex’s current full-year earnings is $1.34 per share.

Several other research analysts have also recently weighed in on the stock. Scotiabank lowered their price target on shares of Boralex from C$42.00 to C$36.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 30th. CIBC decreased their target price on shares of Boralex from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Cormark dropped their price target on shares of Boralex from C$47.00 to C$35.00 in a research note on Thursday, January 30th. Raymond James reduced their price target on shares of Boralex from C$41.00 to C$39.00 in a research report on Monday, March 3rd. Finally, National Bankshares lowered their price objective on Boralex from C$46.00 to C$43.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$40.25.

Boralex Stock Up 1.6 %

Shares of TSE:BLX opened at C$28.37 on Friday. Boralex has a 52-week low of C$24.40 and a 52-week high of C$36.68. The stock has a market cap of C$2.95 billion, a P/E ratio of 41.59, a PEG ratio of 2.01 and a beta of 0.46. The business has a fifty day moving average of C$27.86 and a two-hundred day moving average of C$29.90. The company has a quick ratio of 1.54, a current ratio of 0.86 and a debt-to-equity ratio of 233.60.

Insider Transactions at Boralex

In other news, Director Ricky Fontaine bought 1,000 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of C$29.10 per share, with a total value of C$29,100.00. Also, Director Patrick Decostre sold 8,671 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$30.00, for a total transaction of C$260,130.00. Company insiders own 0.16% of the company’s stock.

Boralex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were issued a $0.165 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.66 annualized dividend and a dividend yield of 2.33%. Boralex’s dividend payout ratio is currently 96.76%.

About Boralex

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.