Is Boralex Inc. a Sell? The Stock Declines Again

 Is Boralex Inc. a Sell? The Stock Declines Again

The stock of Boralex Inc. (TSE:BLX) is a huge mover today! About 20,864 shares traded hands. Boralex Inc. (TSE:BLX) has risen 5.17% since April 20, 2016 and is uptrending. It has underperformed by 0.24% the S&P500.
The move comes after 5 months negative chart setup for the $1.16B company. It was reported on Nov, 24 by We have $16.53 PT which if reached, will make TSE:BLX worth $69.60M 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. Boralex Inc. has been the topic of 8 analyst reports since August 6, 2015 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 $1.16 billion. The Company’s divisions include wind, hydroelectric, thermal and solar. It has a 527.91 P/E ratio. 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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