Raymond James Weighs in on Boralex’s Q1 Earnings (TSE:BLX)

Boralex Inc. (TSE:BLX) – Research analysts at Raymond James reduced their Q1 2025 earnings per share estimates for shares of Boralex in a report released on Tuesday, April 29th. Raymond James analyst T. Genzebu now anticipates that the company will post earnings per share of $0.33 for the quarter, down from their prior forecast of $0.40. The consensus estimate for Boralex’s current full-year earnings is $1.34 per share. Raymond James also issued estimates for Boralex’s Q1 2026 earnings at $0.63 EPS, Q2 2026 earnings at $0.13 EPS, Q3 2026 earnings at ($0.01) EPS and Q4 2026 earnings at $0.94 EPS.

Several other analysts have also issued reports on the stock. National Bankshares cut their target price on shares of Boralex from C$46.00 to C$43.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Scotiabank decreased their target price on Boralex from C$42.00 to C$36.00 and set a “sector perform” rating on the stock in a report on Thursday, January 30th. Cormark cut their price objective on Boralex from C$47.00 to C$35.00 in a research note on Thursday, January 30th. Finally, CIBC decreased their target price on shares of Boralex from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boralex has an average rating of “Buy” and a consensus price target of C$40.25.

Boralex Trading Up 0.6 %

Shares of TSE:BLX opened at C$30.46 on Thursday. Boralex has a 52-week low of C$24.40 and a 52-week high of C$36.68. The stock has a market capitalization of C$3.17 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 2.01 and a beta of 0.46. The company has a debt-to-equity ratio of 233.60, a quick ratio of 1.54 and a current ratio of 0.86. The stock’s 50-day simple moving average is C$29.11 and its two-hundred day simple moving average is C$29.26.

Insiders Place Their Bets

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

Boralex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Friday, February 28th. Boralex’s payout ratio is presently 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.