Boralex (OTCMKTS:BRLXF) Upgraded to Buy at Industrial Alliance Securities

Boralex (OTCMKTS:BRLXFGet Rating) was upgraded by analysts at Industrial Alliance Securities from a “hold” rating to a “buy” rating in a note issued to investors on Friday, The Fly reports.

Other equities research analysts have also recently issued research reports about the company. Credit Suisse Group cut Boralex from an “outperform” rating to a “neutral” rating in a report on Monday, July 11th. TD Securities lowered shares of Boralex to a “buy” rating in a research note on Tuesday, July 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.54.

Boralex Price Performance

Shares of OTCMKTS BRLXF opened at $33.63 on Friday. The firm’s 50-day moving average price is $36.34 and its two-hundred day moving average price is $33.16. Boralex has a 52-week low of $24.08 and a 52-week high of $39.72.

Boralex Company Profile

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Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an installed capacity of 2,032 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; 12 solar power stations with an installed capacity of 244 MW; and one thermal power station with an installed capacity of 35 MW.

Further Reading

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Analyst Recommendations for Boralex (OTCMKTS:BRLXF)

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