Analysts Set Expectations for Boralex FY2024 Earnings

Boralex Inc. (TSE:BLX - Free Report) - National Bank Financial decreased their FY2024 earnings per share estimates for Boralex in a report released on Tuesday, January 14th. National Bank Financial analyst R. Merer now expects that the company will post earnings of $0.82 per share for the year, down from their previous estimate of $1.02. The consensus estimate for Boralex's current full-year earnings is $1.34 per share.

Several other brokerages have also recently issued reports on BLX. CIBC dropped their price objective on shares of Boralex from C$42.00 to C$40.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. BMO Capital Markets dropped their price target on Boralex from C$46.00 to C$45.00 in a research report on Friday, November 15th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$43.13.

Boralex Price Performance

Shares of Boralex stock traded up C$0.81 during trading hours on Thursday, reaching C$27.03. 333,642 shares of the company's stock were exchanged, compared to its average volume of 311,107. The business has a fifty day moving average of C$29.63 and a two-hundred day moving average of C$32.50. The company has a quick ratio of 1.54, a current ratio of 0.95 and a debt-to-equity ratio of 175.24. The company has a market capitalization of C$2.78 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. Boralex has a 1 year low of C$25.83 and a 1 year 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.