Raymond James Has Positive Estimate for Boralex Q2 Earnings

Boralex Inc. (TSE:BLX) – Stock analysts at Raymond James lifted their Q2 2025 earnings per share (EPS) estimates for shares of Boralex in a research report issued to clients and investors on Tuesday, April 29th. Raymond James analyst T. Genzebu now expects that the company will post earnings of ($0.08) per share for the quarter, up from their previous forecast of ($0.13). The consensus estimate for Boralex’s current full-year earnings is $1.34 per share. Raymond James also issued estimates for Boralex’s Q3 2025 earnings at ($0.18) EPS, Q4 2025 earnings at $0.84 EPS, FY2025 earnings at $0.91 EPS and FY2026 earnings at $1.69 EPS.

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

Boralex Price Performance

BLX opened at C$30.46 on Friday. Boralex has a 1 year low of C$24.40 and a 1 year high of C$36.68. The company’s 50 day simple moving average is C$29.11 and its 200 day simple moving average is C$29.22. The stock has a market capitalization of C$3.17 billion, a PE ratio of 44.66, a P/E/G 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.

Insider Activity at Boralex

In other Boralex news, Director Ricky Fontaine bought 1,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought 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 dated Monday, March 10th. The stock was sold at an average price of C$30.00, for a total value of C$260,130.00. Company insiders own 0.16% of the company’s stock.

Boralex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.17%. Boralex’s dividend payout ratio (DPR) is currently 96.76%.

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.