National Bank Financial Lifts Earnings Estimates for Boralex

Boralex Inc. (TSE:BLX) – Investment analysts at National Bank Financial boosted their Q3 2025 earnings estimates for Boralex in a research note issued on Wednesday, May 14th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of ($0.18) for the quarter, up from their prior estimate of ($0.19). The consensus estimate for Boralex’s current full-year earnings is $1.34 per share. National Bank Financial also issued estimates for Boralex’s FY2025 earnings at $0.76 EPS and FY2026 earnings at $0.77 EPS.

BLX has been the topic of a number of other research reports. Scotiabank cut their target price on shares of Boralex from C$42.00 to C$36.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 30th. National Bankshares cut their target price on shares of 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. Cormark dropped their price target on shares of Boralex from C$47.00 to C$35.00 in a research note on Thursday, January 30th. Finally, Raymond James raised shares of Boralex to a “moderate buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$40.25.

Boralex Stock Up 0.6%

Shares of TSE BLX opened at C$29.77 on Monday. Boralex has a 1 year low of C$24.40 and a 1 year high of C$36.68. The firm’s 50 day moving average price is C$29.41 and its 200 day moving average price is C$28.89. The firm has a market cap of C$3.10 billion, a P/E ratio of 43.64, a price-to-earnings-growth 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.

Boralex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Friday, February 28th. Boralex’s payout ratio is presently 96.76%.

Insiders Place Their Bets

In related news, Director Patrick Decostre sold 8,671 shares of the company’s stock in a transaction on 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 that occurred on Thursday, March 6th. The shares were bought at an average price of C$29.10 per share, with a total value of C$29,100.00. Insiders own 0.16% of the company’s stock.

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.