Boralex (TSE:BLX) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Posted by Patrick Bannon on Mar 11th, 2026

Boralex Inc. (TSE:BLX – Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$26.78 and traded as high as C$27.33. Boralex shares last traded at C$27.26, with a volume of 434,200 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BLX shares. Scotiabank decreased their target price on shares of Boralex from C$41.00 to C$39.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce cut their price target on shares of Boralex from C$37.00 to C$36.00 in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$38.86.

Read Our Latest Report on BLX

Boralex Trading Down 0.2%

The company has a current ratio of 1.29, a quick ratio of 1.54 and a debt-to-equity ratio of 323.15. The firm has a 50-day moving average of C$26.56 and a two-hundred day moving average of C$26.77. The firm has a market capitalization of C$2.81 billion, a P/E ratio of 455.67, a P/E/G ratio of 2.01 and a beta of 0.73.

Boralex (TSE:BLX – Get Free Report) last posted its earnings results on Friday, February 27th. The company reported C$0.13 EPS for the quarter. The firm had revenue of C$258.00 million during the quarter. Boralex had a net margin of 0.84% and a return on equity of 0.45%. On average, analysts anticipate that Boralex Inc. will post 1.3383764 EPS for the current year.

Boralex Company Profile

(Get Free Report)

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.