Boralex (TSE:BLX – Free Report) had its price objective upped by Raymond James from C$38.00 to C$41.00 in a report published on Thursday morning, BayStreet.CA reports. Raymond James also issued estimates for Boralex’s Q4 2025 earnings at $0.51 EPS and FY2025 earnings at $0.84 EPS.
A number of other equities analysts have also recently weighed in on the company. Scotiabank boosted their price target on Boralex from C$38.00 to C$42.00 and gave the stock an outperform rating in a report on Wednesday, June 12th. National Bankshares increased their target price on Boralex from C$43.00 to C$46.00 in a research report on Monday, July 8th. CIBC lifted their price target on Boralex from C$41.00 to C$42.00 and gave the company an outperform rating in a report on Monday, July 22nd. Desjardins increased their price objective on shares of Boralex from C$44.00 to C$46.00 and gave the stock a top pick rating in a report on Friday, June 21st. Finally, Royal Bank of Canada boosted their target price on shares of Boralex from C$36.00 to C$38.00 in a report on Thursday. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of C$42.90.
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Boralex Price Performance
Boralex Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.66 annualized dividend and a yield of 1.95%. Boralex’s dividend payout ratio is currently 70.97%.
Boralex Company Profile
Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe.
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