On August 13, an analyst has provided a rating update for the Utilities sector company, Boralex Inc. Cl A (TSX: BLX). On August 13, analyst Sean Steuart gave a Buy rating to BLX and set a C$25 price target.
Steuart has an average return of 0.5% when recommending Boralex Inc. Cl A.
According to TipRanks.com, Steuart is ranked #724 out of 4850 analysts.
Boralex Inc. Cl A has an analyst consensus of Strong Buy, with a price target consensus of C$25.13, implying a 33.0% upside from current levels. In a report issued on August 13, Raymond James also maintained a Buy rating on the stock with a C$25 price target.
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Based on Boralex Inc. Cl A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$97 million and GAAP net loss of C$28 million. In comparison, last year the company earned revenue of C$93 million and had a GAAP net loss of C$2 million.
Boralex, Inc. engages in the developing and building renewable energy power facilities. It operates through the following business segments: Wind Power Stations, Hydroelectric Power Stations, Thermal Power Stations, and Solar Power Stations. The company was founded on November 9, 1982 and is headquartered in Kingsey Falls, Canada.
The company’s shares closed on Thursday at C$18.90, close to its 52-week low of C$18.47.
