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TSE:BLX

Boralex (BLX) Stock Price, News & Analysis

Boralex logo
C$30.43 +0.41 (+1.37%)
(As of 01:00 PM ET)

About Boralex Stock (TSE:BLX)

Key Stats

Today's Range
C$29.55
C$30.43
50-Day Range
C$30.00
C$36.47
52-Week Range
C$26.25
C$36.68
Volume
90,212 shs
Average Volume
259,293 shs
Market Capitalization
C$3.13 billion
P/E Ratio
32.72
Dividend Yield
2.17%
Price Target
C$43.38
Consensus Rating
Buy

Company Overview

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. Boralex Inc. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.

Boralex Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
71st Percentile Overall Score

BLX MarketRank™: 

Boralex scored higher than 71% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Boralex has received a consensus rating of Buy. The company's average rating score is 3.29, and is based on 5 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Boralex has received no research coverage in the past 90 days.

  • Read more about Boralex's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Boralex is 32.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.26.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Boralex is 32.28, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 98.43.

  • Price to Earnings Growth Ratio

    Boralex has a PEG Ratio of 2.01. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Boralex has a P/B Ratio of 1.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for BLX.
  • Dividend Yield

    Boralex pays a meaningful dividend of 1.89%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Boralex does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Boralex is 70.97%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Boralex's dividend.
  • Short Interest

    There is no current short interest data available for BLX.
  • News Sentiment

    Boralex has a news sentiment score of -0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 17 news articles for Boralex this week, compared to 2 articles on an average week.
  • Search Interest

    11 people have searched for BLX on MarketBeat in the last 30 days. This is an increase of 175% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added Boralex to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Boralex insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$8,916.00 in company stock and sold C$0.00 in company stock.

  • Percentage Held by Insiders

    Only 0.16% of the stock of Boralex is held by insiders.

  • Percentage Held by Institutions

    58.32% of the stock of Boralex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Boralex's insider trading history.
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BLX Stock News Headlines

Boralex (TSE:BLX) Price Target Lowered to C$42.00 at CIBC
Boralex Q4 EPS Forecast Decreased by National Bank Financial
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Cormark Has Negative Outlook of Boralex FY2024 Earnings
Boralex (BLX) to Release Quarterly Earnings on Thursday
Bay Street May Open Slightly Higher; U.S. Inflation Data In Focus
See More Headlines

BLX Stock Analysis - Frequently Asked Questions

Boralex's stock was trading at C$33.68 at the beginning of the year. Since then, BLX shares have decreased by 10.9% and is now trading at C$30.02.
View the best growth stocks for 2024 here
.

Shares of BLX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Boralex investors own include Fortis (FTS), Meta Platforms (META), Bank of Nova Scotia (BNS), NVIDIA (NVDA), Enbridge (ENB), Northland Power (NPI) and TELUS (T).

Company Calendar

Ex-Dividend for 9/17 Dividend
8/30/2024
Dividend Payable
9/17/2024
Today
11/21/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Utilities - Renewable
Sub-Industry
Banking
CIK
N/A
Fax
N/A
Employees
180
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$43.38
High Stock Price Target
C$47.00
Low Stock Price Target
C$38.00
Potential Upside/Downside
+44.5%
Consensus Rating
Buy
Rating Score (0-4)
3.29
Research Coverage
7 Analysts

Profitability

Net Income
C$95 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$959 million
Cash Flow
C$4.72 per share
Book Value
C$16.52 per share

Miscellaneous

Free Float
N/A
Market Cap
C$3.09 billion
Optionable
Not Optionable
Beta
0.46
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This page (TSE:BLX) was last updated on 11/21/2024 by MarketBeat.com Staff
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