National Bank Financial Predicts Lower Earnings for Boralex

Boralex Inc. (TSE:BLX) – Equities research analysts at National Bank Financial decreased their Q4 2024 EPS estimates for shares of Boralex in a research note issued on Thursday, November 14th. National Bank Financial analyst R. Merer now expects that the company will earn $0.51 per share 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.

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

Boralex Price Performance

Shares of Boralex stock opened at C$30.45 on Monday. The stock has a market capitalization of C$3.13 billion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 2.01 and a beta of 0.46. Boralex has a 1-year low of C$26.25 and a 1-year high of C$36.68. The firm’s 50-day moving average price is C$34.12 and its two-hundred day moving average price is C$33.21. 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 Company Profile

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.