National Bank Financial Forecasts Lower Earnings for Boralex

Boralex Inc. (TSE:BLX) – Stock analysts at National Bank Financial reduced their Q1 2025 earnings per share (EPS) estimates for Boralex in a research report issued on Tuesday, April 8th. National Bank Financial analyst R. Merer now forecasts that the company will earn $0.41 per share for the quarter, down from their previous forecast of $0.46. The consensus estimate for Boralex’s current full-year earnings is $1.34 per share. National Bank Financial also issued estimates for Boralex’s Q4 2025 earnings at $0.49 EPS, FY2025 earnings at $0.81 EPS and FY2026 earnings at $0.82 EPS.

A number of other research analysts have also recently commented on the stock. Raymond James dropped their target price on shares of Boralex from C$41.00 to C$39.00 in a report on Monday, March 3rd. Scotiabank dropped their price objective on shares of Boralex from C$42.00 to C$36.00 and set a “sector perform” rating for the company in a research note on Thursday, January 30th. 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 report on Tuesday, February 11th. CIBC dropped their target price on Boralex from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Finally, Cormark reduced their price target on Boralex from C$47.00 to C$35.00 in a report on Thursday, January 30th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Boralex presently has a consensus rating of “Buy” and a consensus target price of C$40.25.

Boralex Price Performance

Shares of BLX stock opened at C$28.37 on Thursday. The business has a fifty day simple moving average of C$27.86 and a 200 day simple moving average of C$29.90. The company has a market cap of C$2.95 billion, a P/E ratio of 41.59, a P/E/G ratio of 2.01 and a beta of 0.46. The company has a quick ratio of 1.54, a current ratio of 0.86 and a debt-to-equity ratio of 233.60. Boralex has a twelve month low of C$24.40 and a twelve month high of C$36.68.

Boralex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 2.33%. The ex-dividend date of this dividend was Friday, February 28th. Boralex’s dividend payout ratio is presently 96.76%.

Insiders Place Their Bets

In other news, Director Patrick Decostre sold 8,671 shares of Boralex 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. 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 acquired at an average price of C$29.10 per share, for a total transaction of C$29,100.00. Company 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.