National Bank Financial Analysts Give Boralex (TSE:BLX) a C$39.00 Price Target

National Bank Financial set a C$39.00 target price on Boralex (TSE:BLX) in a report issued on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also weighed in on BLX. Scotiabank reduced their price objective on shares of Boralex from C$41.00 to C$39.00 and set an “outperform” rating for the company in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce decreased their price objective on shares of Boralex from C$37.00 to C$36.00 in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Boralex has a consensus rating of “Moderate Buy” and a consensus price target of C$38.46.

Boralex Price Performance

BLX stock opened at C$36.62 on Tuesday. The stock has a fifty day moving average of C$27.48 and a 200-day moving average of C$26.91. Boralex has a fifty-two week low of C$23.48 and a fifty-two week high of C$36.72. The company has a market capitalization of C$3.76 billion, a price-to-earnings ratio of 610.33, a PEG ratio of 2.01 and a beta of 0.73. The company has a debt-to-equity ratio of 323.15, a quick ratio of 1.54 and a current ratio of 1.29.

Boralex (TSE:BLX) last announced its quarterly earnings data on Friday, February 27th. The company reported C$0.13 earnings per share (EPS) for the quarter. The business had revenue of C$258.00 million for the quarter. Boralex had a return on equity of 0.45% and a net margin of 0.84%. As a group, equities research analysts predict that Boralex will post 1.3383764 earnings per share for the current year.

Boralex News Roundup

Here are the key news stories impacting Boralex this week:

• Positive Sentiment: Boralex has entered a definitive agreement to be acquired by Brookfield alongside La Caisse in a deal framed as supporting Boralex’s next growth phase as a private standalone company. Brookfield and La Caisse to take Boralex private for $3.86B
• Positive Sentiment: Press release coverage of the deal provides formal confirmation of the acquisition terms and rationale, supplying deal certainty that typically supports a takeover premium. Boralex Enters into Definitive Agreement to be Acquired
• Positive Sentiment: Coverage emphasizes the strategic rationale — clean-energy growth focus — with Boralex management framing the buyout as aligned with long-term sector trends. Boralex $3.8B buy-out anchored in clean energy’s long game
• Positive Sentiment: Market reaction: Boralex showed up among top gainers after the acquisition news, reflecting investor demand and potential takeover premium expectation. Boralex Makes Top Gainer List Following Acquisition
• Positive Sentiment: Analysts and banks have raised targets in response to the deal; National Bank Financial set a C$39.00 target, signaling further upside vs. pre-deal levels. PT Set at C$39.00 by National Bank Financial
• Positive Sentiment: Research notes see the transaction as having positive read-throughs for other yield-heavy energy stocks and broader sector implications. Research Roundup: Boralex deal has positive read throughs
• Neutral Sentiment: Coverage analyzing valuation assumptions and how deal talk shifts expectations — useful context but not new deal facts. Watch for regulatory/closing details. How The Boralex Story Is Evolving
• Negative Sentiment: TD Securities unexpectedly downgraded Boralex from “buy” to “sell” while raising its price target to C$37.25 (small upside from current levels). The downgrade introduces mixed analyst signals despite deal momentum. TD Securities downgrades Boralex

Boralex Company Profile

Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex’s plants rely on wind power, while a significant number also employ hydroelectric power. The company generates the vast majority of its revenue from the sale of energy through long-term contracts to customers in Canada, France, and the United States.