Boralex Inc. (TSE:BLX) Given Consensus Rating of “Moderate Buy” by Brokerages

Posted by on Jun 6th, 2026

Shares of Boralex Inc. (TSE:BLX – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$38.39.

Several equities research analysts have weighed in on the stock. TD Securities cut shares of Boralex from a “buy” rating to a “sell” rating and raised their price objective for the company from C$32.00 to C$37.25 in a research report on Thursday, March 26th. National Bank Financial set a C$39.00 price objective on shares of Boralex and gave the company an “outperform” rating in a research report on Tuesday, March 24th. Royal Bank Of Canada raised their price objective on shares of Boralex from C$33.00 to C$37.25 and gave the company a “sector perform” rating in a research report on Tuesday, May 12th. Finally, Raymond James Financial cut shares of Boralex from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from C$38.00 to C$37.25 in a research report on Friday, May 15th.

Get Our Latest Stock Analysis on BLX

Boralex Trading Down 0.0%

Shares of BLX stock opened at C$36.84 on Friday. Boralex has a 52-week low of C$23.48 and a 52-week high of C$37.05. The stock has a market cap of C$3.79 billion, a price-to-earnings ratio of -118.84, a P/E/G ratio of 2.01 and a beta of 0.18. The company has a debt-to-equity ratio of 309.98, a quick ratio of 1.54 and a current ratio of 1.24. The firm has a fifty day moving average of C$36.78 and a 200-day moving average of C$29.98.

Boralex (TSE:BLX – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported C($0.08) earnings per share (EPS) for the quarter. The firm had revenue of C$286.00 million for the quarter. Boralex had a negative return on equity of 2.08% and a negative net margin of 3.56%. On average, equities research analysts forecast that Boralex will post 1.3383764 earnings per share for the current fiscal year.

Boralex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 29th. Boralex’s dividend payout ratio (DPR) is -212.90%.

Boralex Company Profile

(Get Free Report)

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. The company generates the vast majority of its revenue from the sale of energy through long-term contracts to customers in Canada, France, and the United States.

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Analyst Recommendations for Boralex (TSE:BLX)

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