TSE:BLX Boralex (BLX) Stock Price, News & Analysis → The 'Smart Money' Is Ready for May 1st Are You? (From Stansberry Research) (Ad) Free BLX Stock Alerts C$27.57 0.00 (0.00%) (As of 04/24/2024 ET) Add Compare Share Share Today's RangeC$27.21▼C$27.9450-Day RangeC$26.40▼C$30.8352-Week RangeC$25.40▼C$41.56Volume142,841 shsAverage Volume240,613 shsMarket CapitalizationC$2.83 billionP/E Ratio36.28Dividend Yield2.39%Price TargetC$40.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Get Boralex alerts: Email Address Boralex MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside46.9% UpsideC$40.50 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment-0.31Based on 13 Articles This WeekInsider TradingAcquiring SharesC$21,699 Bought Last QuarterProj. 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.3.65 out of 5 stars 3.5 Analyst's Opinion Consensus RatingBoralex has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageBoralex has only been the subject of 3 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for BLX. Previous Next 0.8 Dividend Strength Dividend YieldBoralex pays a meaningful dividend of 2.44%, 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 86.84%. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for BLX. Previous Next 1.5 News and Social Media Coverage News SentimentBoralex has a news sentiment score of -0.31. 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 0.47 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Boralex this week, compared to 1 article on an average week.Search InterestOnly 16 people have searched for BLX on MarketBeat in the last 30 days. This is a decrease of -6% compared to the previous 30 days.MarketBeat Follows2 people have added Boralex to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Boralex insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$21,699.00 in company stock and sold C$0.00 in company stock.Percentage Held by InsidersOnly 0.16% of the stock of Boralex is held by insiders.Percentage Held by Institutions60.27% of the stock of Boralex is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Boralex is 36.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 147.92.Price to Earnings Ratio vs. SectorThe P/E ratio of Boralex is 36.28, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 78.37.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 1.74. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad WealthPress$25,000 into $109,616 in two months? Today I want to show you how our research shows you could’ve grown a $25,000 account into $109,616.12 within the last TWO months. You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that exists… It’s a revolutionary software system that tracks the moves of institutional investors…. in real time…Go here to watch the most recent trading workshop video at no charge. 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 HeadlinesApril 24, 2024 | americanbankingnews.comBoralex Inc. (TSE:BLX) Receives Average Rating of "Buy" from BrokeragesApril 22, 2024 | americanbankingnews.comBoralex Inc. (TSE:BLX) Expected to Earn Q3 2024 Earnings of ($0.19) Per ShareApril 24, 2024 | Wealthpin Pro (Ad)One trade. One ticker. One week. Do you want to target weekly income of up to $2k or more… Starting with just $500... With just one trade per week? April 21, 2024 | americanbankingnews.comBoralex (TSE:BLX) Price Target Cut to C$38.00April 20, 2024 | americanbankingnews.comQ1 2024 EPS Estimates for Boralex Inc. (TSE:BLX) Cut by National Bank FinancialApril 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.April 24, 2024 | Wealthpin Pro (Ad)One trade. One ticker. One week. Do you want to target weekly income of up to $2k or more… Starting with just $500... With just one trade per week? 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 backingFebruary 13, 2024 | finance.yahoo.comBoralex: Dividend DeclarationNovember 8, 2023 | finance.yahoo.comREMINDER -- Boralex will release its 2023 third quarter financial results on November 9October 18, 2023 | markets.businessinsider.comBoralex Inc Cl A (BLX) Gets a Buy Rating from BMO CapitalSeptember 11, 2023 | markets.businessinsider.comBoralex Inc Cl A (BLX) Received its Third Buy in a RowSeptember 8, 2023 | finanznachrichten.deBoralex Inc.: Boralex and the Innu announce the closing of a financing for over $600 million for the Apuiat wind farm in QuebecSeptember 8, 2023 | markets.businessinsider.comBMO Capital Thinks Boralex Inc Cl A’s Stock is Going to RecoverSeptember 8, 2023 | finance.yahoo.comBoralex and the Innu announce the closing of a financing for over $600 million for the Apuiat wind farm in QuebecSeptember 1, 2023 | finance.yahoo.comWith 52% ownership of the shares, Boralex Inc. (TSE:BLX) is heavily dominated by institutional ownersAugust 23, 2023 | theglobeandmail.comBoralex: Top 10 Undervalued Utilities Sector Stocks on TSX (BLX)August 16, 2023 | finance.yahoo.comIs Boralex Inc.'s (TSE:BLX) 0.7% ROE Worse Than Average?August 14, 2023 | msn.comBoralex shares jump 10% after reporting Q2 profit up from year agoAugust 14, 2023 | proactiveinvestors.comBoralex stock rises as French prices and new wind farms boost revenueAugust 14, 2023 | markets.businessinsider.comBoralex increases its net earnings and combined results by actively pursuing its growth strategy in the second quarter of 2023August 11, 2023 | theglobeandmail.comHousing, Retail Figures Due Next WeekJuly 26, 2023 | markets.businessinsider.comBoralex Inc Cl A (BLX) Receives a Hold from RBC CapitalJuly 26, 2023 | finance.yahoo.comCorporate Social Responsibility: Boralex raises EcoVadis score, retains Gold MedalSee 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 3/15 Dividend2/28/2024Last Earnings3/01/2024Dividend Payable3/15/2024Today4/24/2024Next Earnings (Confirmed)5/15/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorUtilities Industry Utilities - Renewable Sub-IndustryN/A Current SymbolTSE:BLX CUSIPN/A CIKN/A Webwww.boralex.com Phone+1-819-3636363FaxN/AEmployees753Year FoundedN/APrice Target and Rating Average Stock Price TargetC$40.50 High Stock Price TargetC$47.00 Low Stock Price TargetC$36.00 Potential Upside/Downside+47.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.76 Trailing P/E Ratio36.21 Forward P/E Ratio25.96 P/E Growth0.94Net IncomeC$78 million Net Margins7.63% Pretax MarginN/A Return on Equity5.68% Return on Assets2.35% Debt Debt-to-Equity Ratio179.25 Current Ratio1.08 Quick Ratio1.54 Sales & Book Value Annual SalesC$1.02 billion Price / Sales2.77 Cash FlowC$4.33 per share Price / Cash Flow6.36 Book ValueC$15.85 per share Price / Book1.74Miscellaneous Outstanding Shares102,770,000Free FloatN/AMarket CapC$2.83 billion OptionableNot Optionable Beta0.41 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.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 OfficerMs. Julie CussonSenior Vice President of Synergies & Special ProjectsAdam RossoSenior Vice President of Development of North AmericaMore ExecutivesKey CompetitorsTransAlta RenewablesTSE:RNWInnergex Renewable EnergyTSE:INENorthland PowerTSE:NPIBrookfield RenewableTSE:BEPCAlgonquin Power & UtilitiesTSE:AQNView All CompetitorsInsidersMarie-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)Caisse de dépôt et placement du QuébecBought 55,000 shares on 10/25/2023Total: C$1.42 M ($25.79/share)View All Insider Transactions BLX Stock Analysis - Frequently Asked Questions Should I buy or sell Boralex stock right now? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last twelve months. There are currently 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BLX shares. View BLX analyst ratings or view top-rated stocks. What is Boralex's stock price target for 2024? 8 brokers have issued 1-year price targets for Boralex's shares. Their BLX share price targets range from C$36.00 to C$47.00. On average, they anticipate the company's share price to reach C$40.50 in the next twelve months. This suggests a possible upside of 46.9% from the stock's current price. View analysts price targets for BLX or view top-rated stocks among Wall Street analysts. How have BLX shares performed in 2024? Boralex's stock was trading at C$33.68 at the beginning of the year. Since then, BLX stock has decreased by 18.1% and is now trading at C$27.57. View the best growth stocks for 2024 here. When is Boralex's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 2024. View our BLX earnings forecast. How were Boralex's earnings last quarter? Boralex Inc. (TSE:BLX) announced its quarterly earnings data on Friday, March, 1st. The company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.51 by $0.15. The business had revenue of $315 million for the quarter, compared to analysts' expectations of $262.30 million. Boralex had a trailing twelve-month return on equity of 5.68% and a net margin of 7.63%. How often does Boralex pay dividends? What is the dividend yield for Boralex? Boralex declared a quarterly dividend on Tuesday, February 13th. Investors of record on Thursday, February 29th will be paid a dividend of 0.165 per share on Friday, March 15th. This represents a $0.66 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, February 28th. Read our dividend analysis for BLX. Is Boralex a good dividend stock? Boralex (TSE:BLX) pays an annual dividend of C$0.66 per share and currently has a dividend yield of 2.44%. The dividend payout ratio is 86.84%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for BLX. What other stocks do shareholders of Boralex own? Based on aggregate information from My MarketBeat watchlists, some companies that other 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), Power Financial (PWF), TC Energy (TRP), Air Canada (AC) and Bombardier, Inc. Class B (BBD.B). 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. This page (TSE:BLX) was last updated on 4/24/2024 by MarketBeat.com Staff From Our PartnersHe Is Giving Away BitcoinCrypto Swap Profitstop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyBitcoin Rockets To Record High But Buy THIS InsteadParadigm PressExposed: 10 CENT Crypto to Explode April 20th?True Market InsidersEmergency: Biden's $20 Trillion Mistake Could Cost YOU!GoldenCrest MetalsThe #1 Biotech Stock to Have on Your Radar in 2024… Huge AlertsFed launches fourth dollar overhaulStansberry ResearchThe #1 Crypto for 2024InvestorPlace Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Boralex Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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