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 Barchart.com. 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.
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