TSE:BLX Boralex (BLX) Stock Price, News & Analysis C$31.19 -0.53 (-1.67%) (As of 09/6/2024 ET) Add Compare Share Share Today's RangeC$30.83▼C$31.7250-Day RangeC$31.06▼C$35.0152-Week RangeC$25.40▼C$36.68Volume355,950 shsAverage Volume259,839 shsMarket CapitalizationC$3.21 billionP/E Ratio33.54Dividend Yield2.12%Price TargetC$43.22 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Get Boralex alerts: Email Address Boralex MarketRank™ Stock AnalysisAnalyst RatingBuy3.11 Rating ScoreUpside/Downside38.6% UpsideC$43.22 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.61Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.35 out of 5 stars 3.6 Analyst's Opinion Consensus RatingBoralex has received a consensus rating of Buy. The company's average rating score is 3.11, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageBoralex has only been the subject of 4 research reports in the past 90 days.Read more about Boralex's stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for BLX. Previous Next 1.7 Dividend Strength Dividend YieldBoralex pays a meaningful dividend of 1.99%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthBoralex does not have a long track record of dividend growth.Dividend CoverageThe 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. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BLX. Previous Next 2.0 News and Social Media Coverage News SentimentBoralex has a news sentiment score of 0.61. 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 news sentiment score is similar to the average news sentiment of Utilities companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Boralex this week, compared to 1 article on an average week.Search InterestOnly 10 people have searched for BLX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Boralex insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.16% of the stock of Boralex is held by insiders.Percentage Held by Institutions58.55% 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. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Boralex is 33.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.44.Price to Earnings Ratio vs. SectorThe P/E ratio of Boralex is 33.54, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 89.14.Price to Earnings Growth RatioBoralex has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioBoralex has a P/B Ratio of 1.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Boralex's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Deal MakerThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.Learn more about this much-needed advancement and investment opportunity here. About Boralex Stock (TSE:BLX)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.Read More BLX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BLX Stock News HeadlinesSeptember 7 at 4:02 AM | americanbankingnews.comBMO Capital Markets Increases Boralex (TSE:BLX) Price Target to C$46.00September 4 at 3:25 AM | americanbankingnews.comBoralex (TSE:BLX) Stock Price Passes Above 200-Day Moving Average of $31.35September 7, 2024 | DTI (Ad)You missed the class - here’s your second chanceIt’s time to start your Weekend Side Hustle Right now, some of the HARDEST working folks are getting destroyed by inflation. And that’s left folks looking anywhere they can to generate extra income to cover the bills. It’s almost impossible to keep up with the ever rising costs of living anymore… Most folks think that the ONLY way to generate extra income is by picking up a second job at Costco… Or working overtime hours and late weekend nights. But with what I’m about to share…August 30, 2024 | americanbankingnews.comAnalysts Set Boralex Inc. (TSE:BLX) PT at C$42.44August 29, 2024 | americanbankingnews.comBoralex Inc. (TSE:BLX) to Issue Quarterly Dividend of $0.17August 22, 2024 | au.finance.yahoo.comBoralex Inc. (B3H.F)August 17, 2024 | finance.yahoo.comBoralex Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues LagMay 15, 2024 | finance.yahoo.comBoralex announces the election of its directors and highlights of its Annual Meeting of ShareholdersSeptember 7, 2024 | DTI (Ad)You missed the class - here’s your second chanceIt’s time to start your Weekend Side Hustle Right now, some of the HARDEST working folks are getting destroyed by inflation. And that’s left folks looking anywhere they can to generate extra income to cover the bills. It’s almost impossible to keep up with the ever rising costs of living anymore… Most folks think that the ONLY way to generate extra income is by picking up a second job at Costco… Or working overtime hours and late weekend nights. But with what I’m about to share…May 15, 2024 | msn.comBoralex stock surges over 10% as strong wind powers Q1 profitMay 15, 2024 | markets.businessinsider.comBay Street Seen Opening On Mixed NoteMay 10, 2024 | finance.yahoo.com125 MW Awarded in Ontario LT1 RFP: Boralex consolidates its position as a leading battery storage developer in CanadaMay 1, 2024 | markets.businessinsider.comCanadian Market Modestly Lower At Noon; Energy, Cannabis Stocks FallApril 8, 2024 | finance.yahoo.comBoralex will release its 2024 first quarter financial results on May 15March 23, 2024 | investing.comBLX/USD - Blockchain Index US DollarMarch 22, 2024 | seekingalpha.comBLX:CA Boralex Inc.March 1, 2024 | ca.finance.yahoo.comStocks in play: Boralex Inc.February 16, 2024 | finance.yahoo.comWith 53% ownership, Boralex Inc. (TSE:BLX) boasts of strong institutional backingSee More Headlines Receive BLX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Boralex and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 6/17 Dividend5/31/2024Dividend Payable6/17/2024Last Earnings8/14/2024Ex-Dividend for 9/17 Dividend8/30/2024Today9/07/2024Dividend Payable9/17/2024Next Earnings (Estimated)11/14/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorUtilities Industry Utilities - Renewable Sub-IndustryBanking Current SymbolTSE:BLX CUSIPN/A CIKN/A Webwww.boralex.com Phone+1-819-3636363FaxN/AEmployees180Year FoundedN/APrice Target and Rating Average Stock Price TargetC$43.22 High Stock Price TargetC$47.00 Low Stock Price TargetC$38.00 Potential Upside/Downside+38.6%Consensus RatingBuy Rating Score (0-4)3.11 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.93 Trailing P/E Ratio33.54 Forward P/E Ratio29.38 P/E Growth0.94Net IncomeC$95 million Net Margins9.91% Pretax MarginN/A Return on Equity6.69% Return on Assets2.54% Debt Debt-to-Equity Ratio175.24 Current Ratio0.95 Quick Ratio1.54 Sales & Book Value Annual SalesC$959 million Price / Sales3.34 Cash FlowC$4.90 per share Price / Cash Flow6.36 Book ValueC$16.52 per share Price / Book1.89Miscellaneous Outstanding Shares102,770,000Free FloatN/AMarket CapC$3.21 billion OptionableNot Optionable Beta0.45 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Patrick Decostre (Age 51)President, CEO & Director Comp: $1.12MMr. Bruno Guilmette (Age 58)CFO & EVP Comp: $624.55kMr. Pascal HurtubiseExecutive VP & Chief Legal OfficerMr. Hugues GirardinExecutive VP & GM of North AmericaMr. Nicolas WolffExecutive VP & GM of EuropeMr. Stéphane MilotVice President of Investors RelationsMs. Isabelle FontaineSenior Vice President of Marketing, Public Affairs & Corporate CommunicationsMs. Marie-Josée ArsenaultExecutive VP and Chief People & Culture OfficerAdam RossoSenior Vice President of Development of North AmericaMr. Alain PouliotSenior Vice President of Asset Management of North AmericaMore ExecutivesKey CompetitorsKeyeraTSE:KEYSprottTSE:SIIBitfarmsTSE:BITFHut 8TSE:HUTWall FinancialTSE:WFCView All CompetitorsInsidersJulie CussonBought 100 shares on 5/21/2024Total: C$3,175.00 ($31.75/share)Marie-Josée ArsenaultBought 61 shares on 3/25/2024Total: C$1,686.65 ($27.65/share)Bruno GuilmetteBought 700 shares on 3/14/2024Total: C$20,012.02 ($28.59/share)André CourvilleBought 100 shares on 11/27/2023Total: C$2,905.50 ($29.06/share)Patrick DecostreBought 195 shares on 11/17/2023Total: C$5,930.89 ($30.41/share)View All Insider Transactions BLX Stock Analysis - Frequently Asked Questions How have BLX shares performed this year? Boralex's stock was trading at C$33.68 at the beginning of the year. Since then, BLX shares have decreased by 7.4% and is now trading at C$31.19. View the best growth stocks for 2024 here. How were Boralex's earnings last quarter? Boralex Inc. (TSE:BLX) announced its quarterly earnings results on Wednesday, August, 14th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.06. The business had revenue of $180 million for the quarter, compared to analysts' expectations of $211.65 million. Boralex had a trailing twelve-month return on equity of 6.69% and a net margin of 9.91%. How do I buy shares of Boralex? 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. What other stocks do shareholders of Boralex own? Based on aggregate information from My MarketBeat watchlists, some other companies that Boralex investors own include Fortis (FTS), Enbridge (ENB), Algonquin Power & Utilities (AQN), Bank of Nova Scotia (BNS), Pembina Pipeline (PPL), RioCan Real Estate Investment Trust (REI.UN) and Power Financial (PWF). This page (TSE:BLX) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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