Boralex Inc. Increases Again; Strong Momentum for Buyers


The stock of Boralex Inc. (TSE:BLX) is a huge mover today! About 33,958 shares traded hands. Boralex Inc. (TSE:BLX) has risen 18.72% since February 5, 2016 and is uptrending. It has outperformed by 2.23% the S&P500.
The move comes after 6 months positive chart setup for the $1.14 billion company. It was reported on Sep, 13 by We have $24.85 PT which if reached, will make TSE:BLX worth $433.20 million more.

Out of 4 analysts covering Boralex Inc (TSE:BLX), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $21 is the highest target while $18 is the lowest. The $20 average target is 11.05% above today’s ($18.01) stock price. Boralex Inc has been the topic of 6 analyst reports since February 25, 2016 according to StockzIntelligence Inc.

Boralex Inc. is a power producer that develops, constructs and operates renewable energy power stations. The company has a market cap of $1.14 billion. The Company’s divisions include wind, hydroelectric, thermal and solar. It currently has negative earnings. It operates an asset base with a capacity of approximately 1,260 megawatts , of which over 1,090 MW are under its control, consisting of approximately 490 MW in Canada, over 520 MW in France and over 80 MW in the Northeastern United States.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Reply