Boralex Inc (BLX:CA), a leader in renewable energy development and operations, continues to capture investor attention as it navigates a rapidly evolving energy landscape.
Known for its strong presence in wind, solar, and storage projects across Canada, France, the United States, and the United Kingdom, Boralex is now gearing up to provide fresh insights into its financial health and growth prospects.
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Expected Quarterly Earning Report of Boralex Inc:
Boralex is scheduled to release its Q4 2024 financial results on February 28, 2025, at 11 a.m. ET. The upcoming report is expected to shed light on the company’s performance in the final quarter of 2024, with some forecasts suggesting an EPS of around 0.48 per share.
This announcement, following a series of strategic developments, including recent dividend declarations and new project commissions—will be a key event for investors tracking the company’s progress in the renewable energy sector.
Stock Target Advisor’s Analysis on Boralex Inc:
According to Stock Target Advisor, Boralex Inc. has an average analyst target price of CAD 39.50 over the next 12 months, based on forecasts from eight analysts. The average analyst rating is Strong Buy.
Stock Target Advisor’s own stock analysis of Boralex Inc. is Slightly Bullish, driven by 7 positive signals such as superior return on equity, positive free cash flow, and above-average earnings growth, and 5 negative signals, including high volatility and below-median total returns over the past five years.
At the last closing, Boralex’s stock price was CAD 27.16, reflecting a +1.37% change over the past week and -6.67% over the past year.
Recent Analyst Ratings
- National Bank Financial: Lowered its target price to CAD 43 (from a previous higher target), maintaining an Outperform rating (February 11, 2025).
- Scotia Capital: Lowered its target price to CAD 36 (down from CAD 42), assigning a Sector Perform rating (January 30, 2025).
Conclusion:
As Boralex Inc (BLX:CA) prepares to unveil its Q4 2024 earnings report, the market will be keenly watching for further validation of its growth strategy and operational resilience.
The upcoming earnings release will provide an important checkpoint for investors seeking to gauge the company’s near-term trajectory in a competitive and rapidly expanding renewables sector.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
