Raymond James Financial Predicts Higher Earnings for Boralex

Boralex Inc. (TSE:BLX) – Raymond James Financial increased their Q4 2025 EPS estimates for shares of Boralex in a report released on Wednesday, June 18th. Raymond James Financial analyst D. Magder now forecasts that the company will post earnings per share of $0.86 for the quarter, up from their previous forecast of $0.79. Raymond James Financial has a “Moderate Buy” rating on the stock. The consensus estimate for Boralex’s current full-year earnings is $1.34 per share. Raymond James Financial also issued estimates for Boralex’s Q1 2026 earnings at $0.67 EPS, Q2 2026 earnings at $0.11 EPS, Q4 2026 earnings at $0.83 EPS and FY2026 earnings at $1.53 EPS.

Several other brokerages have also recently commented on BLX. Desjardins set a C$45.00 price target on shares of Boralex and gave the company a “top pick” rating in a research report on Wednesday. TD Securities lifted their price objective on shares of Boralex from C$35.00 to C$38.00 and gave the stock a “buy” rating in a research report on Wednesday. National Bank Financial raised shares of Boralex to a “strong-buy” rating in a research report on Sunday, June 8th. BMO Capital Markets decreased their price objective on shares of Boralex from C$42.00 to C$39.00 in a research report on Thursday, May 22nd. Finally, National Bankshares lifted their price objective on shares of Boralex from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$39.22.

Boralex Stock Performance

Shares of BLX stock opened at C$32.76 on Thursday. The company has a quick ratio of 1.54, a current ratio of 0.86 and a debt-to-equity ratio of 233.60. Boralex has a 52 week low of C$24.40 and a 52 week high of C$36.63. The stock has a market capitalization of C$3.41 billion, a PE ratio of 48.03, a P/E/G ratio of 2.01 and a beta of 0.46. The firm has a 50 day moving average of C$30.95 and a two-hundred day moving average of C$28.95.

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.