Boralex Inc.’s Trend Down, Especially After Today’s Weak Session

 Boralex Inc.'s Trend Down, Especially After Today's Weak Session

The stock of Boralex Inc. (TSE:BLX) is a huge mover today! About 169,988 shares traded hands or 83.98% up from the average. Boralex Inc. (TSE:BLX) has risen 20.17% since March 28, 2016 and is uptrending. It has outperformed by 17.16% the S&P500.
The move comes after 8 months negative chart setup for the $1.26 billion company. It was reported on Nov, 1 by Barchart.com. We have $17.58 PT which if reached, will make TSE:BLX worth $100.80 million less.

Boralex Inc. (TSE:BLX) Ratings Coverage

Out of 5 analysts covering Boralex Inc. (TSE:BLX), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $23.25 is the highest target while $18 is the lowest. The $20.65 average target is 8.06% above today’s ($19.11) stock price. Boralex Inc. has been the topic of 8 analyst reports since August 6, 2015 according to StockzIntelligence Inc.

More news for Boralex Inc. (TSE:BLX) were recently published by: Seekingalpha.com, which released: “Boralex- Blowing Off In The Wind” on April 15, 2016. Prnewswire.com‘s article titled: “Boralex closes financing of €100 million in France” and published on October 25, 2016 is yet another important article.

Boralex Inc. is a power producer that develops, constructs and operates renewable energy power stations. The company has a market cap of $1.26 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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