After Today’s Huge Increase, Is Boralex Inc.’s Near-Term Analysis Positive?

 After Today's Huge Increase, Is Boralex Inc.'s Near Term Analysis Positive?

The stock of Boralex Inc. (TSE:BLX) is a huge mover today! About 81,390 shares traded hands. Boralex Inc. (TSE:BLX) has risen 16.27% since March 31, 2016 and is uptrending. It has outperformed by 15.18% the S&P500.
The move comes after 5 months positive chart setup for the $1.23 billion company. It was reported on Nov, 4 by Barchart.com. We have $24.39 PT which if reached, will make TSE:BLX worth $356.70 million more.

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 9.20% above today’s ($18.91) stock price. Boralex Inc. has been the topic of 8 analyst reports since August 6, 2015 according to StockzIntelligence Inc.

Another recent and important Boralex Inc. (TSE:BLX) news was published by Prnewswire.com which published an article titled: “Boralex to Acquire 25% of the 230MW Niagara Region Wind Farm” on November 02, 2016.

Boralex Inc. is a power producer that develops, constructs and operates renewable energy power stations. The company has a market cap of $1.23 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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