National Bank Financial Cuts Earnings Estimates for Boralex

Boralex Inc. (TSE:BLX) – Investment analysts at National Bank Financial decreased their Q1 2025 earnings per share estimates for shares of Boralex in a report issued on Tuesday, April 8th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of $0.41 for the quarter, down from their previous estimate of $0.46. The consensus estimate for Boralex’s current full-year earnings is $1.34 per share. National Bank Financial also issued estimates for Boralex’s Q4 2025 earnings at $0.49 EPS, FY2025 earnings at $0.81 EPS and FY2026 earnings at $0.82 EPS.

A number of other equities research analysts also recently issued reports on BLX. Scotiabank reduced their price objective on shares of Boralex from C$42.00 to C$36.00 and set a “sector perform” rating for the company in a research report on Thursday, January 30th. National Bankshares reduced their target price on Boralex from C$46.00 to C$43.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. CIBC decreased their price target on Boralex from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Cormark cut their price objective on Boralex from C$47.00 to C$35.00 in a research report on Thursday, January 30th. Finally, Raymond James decreased their target price on Boralex from C$41.00 to C$39.00 in a research report on Monday, March 3rd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$40.25.

Boralex Stock Performance

TSE BLX opened at C$28.45 on Thursday. The company has a fifty day moving average price of C$27.94 and a 200-day moving average price of C$29.85. The firm has a market cap of C$2.96 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 2.01 and a beta of 0.46. The company has a debt-to-equity ratio of 233.60, a current ratio of 0.86 and a quick ratio of 1.54. Boralex has a 1 year low of C$24.40 and a 1 year high of C$36.68.

Insider Buying and Selling at Boralex

In other Boralex news, Director Patrick Decostre sold 8,671 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$30.00, for a total transaction of C$260,130.00. Also, Director Ricky Fontaine bought 1,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of C$29.10 per share, with a total value of C$29,100.00. 0.16% of the stock is owned by corporate insiders.

Boralex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were paid a $0.165 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.66 annualized dividend and a yield of 2.32%. Boralex’s payout ratio is 96.76%.

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.