Boralex (BLX) Sets New 1-Year Low at $20.30

Boralex Inc. (TSE:BLX) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$20.30 and last traded at C$20.62, with a volume of 540011 shares traded. The stock had previously closed at C$20.94.

A number of equities research analysts have issued reports on BLX shares. TD Securities upped their price target on shares of Boralex from C$26.00 to C$27.00 in a report on Thursday, May 10th. Desjardins upped their price target on shares of Boralex from C$25.50 to C$26.00 in a report on Monday, April 23rd. BMO Capital Markets restated an “outperform” rating and set a C$25.50 price target on shares of Boralex in a report on Monday, April 23rd. Finally, National Bank Financial upped their price target on shares of Boralex from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Monday, April 23rd.

Boralex (TSE:BLX) last released its quarterly earnings results on Wednesday, May 9th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.39 by C($0.13). Boralex had a net margin of 20.61% and a return on equity of 13.67%. The firm had revenue of C$153.00 million for the quarter, compared to the consensus estimate of C$146.40 million.

About Boralex

Boralex Inc, together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2017, the company had interests in 55 wind power stations with an installed capacity of 1,237 megawatts (MW); 15 hydroelectric power stations with a capacity of 172 MW; 2 thermal power stations with an installed capacity of 47 MW; and 3 solar power facilities with an installed capacity of 16 MW.

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