Boralex (TSE:BLX) Lowered to “Sell” Rating by TD Securities

TD Securities lowered shares of Boralex (TSE:BLX) from a buy rating to a sell rating in a report released on Thursday morning,BayStreet.CA reports. TD Securities currently has C$37.25 target price on the stock, up from their prior target price of C$32.00.

BLX has been the topic of a number of other research reports. National Bank Financial set a C$39.00 target price on Boralex and gave the stock an “outperform” rating in a research note on Tuesday. Scotiabank dropped their price objective on shares of Boralex from C$41.00 to C$39.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce cut their target price on shares of Boralex from C$37.00 to C$36.00 in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$38.46.

Boralex Price Performance

Shares of TSE BLX opened at C$36.62 on Thursday. The business’s 50 day moving average price is C$27.48 and its 200 day moving average price is C$26.91. The firm has a market cap of C$3.76 billion, a P/E ratio of 610.33, a P/E/G ratio of 2.01 and a beta of 0.73. Boralex has a 52 week low of C$23.48 and a 52 week high of C$36.72. The company has a quick ratio of 1.54, a current ratio of 1.29 and a debt-to-equity ratio of 323.15.

Boralex (TSE:BLX) last posted its quarterly earnings results on Friday, February 27th. The company reported C$0.13 earnings per share (EPS) for the quarter. Boralex had a net margin of 0.84% and a return on equity of 0.45%. The company had revenue of C$258.00 million during the quarter. On average, sell-side analysts expect that Boralex will post 1.3383764 earnings per share for the current year.

More Boralex News

Here are the key news stories impacting Boralex this week:

• Positive Sentiment: Boralex has entered a definitive agreement to be acquired by Brookfield alongside La Caisse in a deal framed as supporting Boralex’s next growth phase as a private standalone company. Brookfield and La Caisse to take Boralex private for $3.86B
• Positive Sentiment: Press release coverage of the deal provides formal confirmation of the acquisition terms and rationale, supplying deal certainty that typically supports a takeover premium. Boralex Enters into Definitive Agreement to be Acquired
• Positive Sentiment: Coverage emphasizes the strategic rationale — clean-energy growth focus — with Boralex management framing the buyout as aligned with long-term sector trends. Boralex $3.8B buy-out anchored in clean energy’s long game
• Positive Sentiment: Market reaction: Boralex showed up among top gainers after the acquisition news, reflecting investor demand and potential takeover premium expectation. Boralex Makes Top Gainer List Following Acquisition
• Positive Sentiment: Analysts and banks have raised targets in response to the deal; National Bank Financial set a C$39.00 target, signaling further upside vs. pre-deal levels. PT Set at C$39.00 by National Bank Financial
• Positive Sentiment: Research notes see the transaction as having positive read-throughs for other yield-heavy energy stocks and broader sector implications. Research Roundup: Boralex deal has positive read throughs
• Neutral Sentiment: Coverage analyzing valuation assumptions and how deal talk shifts expectations — useful context but not new deal facts. Watch for regulatory/closing details. How The Boralex Story Is Evolving
• Negative Sentiment: TD Securities unexpectedly downgraded Boralex from “buy” to “sell” while raising its price target to C$37.25 (small upside from current levels). The downgrade introduces mixed analyst signals despite deal momentum. TD Securities downgrades Boralex

About Boralex

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. The company generates the vast majority of its revenue from the sale of energy through long-term contracts to customers in Canada, France, and the United States.