Cormark Issues Pessimistic Estimate for Boralex Earnings

Boralex Inc. (TSE:BLX) – Cormark cut their FY2025 earnings per share estimates for Boralex in a report issued on Thursday, January 23rd. Cormark analyst N. Boychuk now anticipates that the company will earn $1.01 per share for the year, down from their previous forecast of $1.16. The consensus estimate for Boralex’s current full-year earnings is $1.34 per share.

Other research analysts have also issued research reports about the company. BMO Capital Markets reduced their target price on Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. CIBC reduced their price objective on shares of Boralex from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$43.13.

Boralex Price Performance

Shares of TSE BLX opened at C$26.19 on Friday. The company has a debt-to-equity ratio of 175.24, a quick ratio of 1.54 and a current ratio of 0.95. Boralex has a fifty-two week low of C$25.55 and a fifty-two week high of C$36.68. The stock has a market cap of C$2.69 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The stock has a fifty day moving average of C$28.86 and a 200-day moving average of C$32.22.

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.