Boralex Inc. (TSE:BLX) – Analysts at National Bank Financial raised their Q3 2017 earnings per share (EPS) estimates for shares of Boralex in a note issued to investors on Monday. National Bank Financial analyst R. Merer now expects that the company will post earnings of ($0.20) per share for the quarter, up from their prior estimate of ($0.21). National Bank Financial also issued estimates for Boralex’s FY2017 earnings at $0.18 EPS.

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A number of other research analysts also recently weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Boralex from C$23.00 to C$24.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. TD Securities reaffirmed a “buy” rating and issued a C$24.00 target price on shares of Boralex in a research report on Friday, May 5th. Seven analysts have rated the stock with a buy rating, Boralex presently has a consensus rating of “Buy” and a consensus price target of C$23.75.

Shares of Boralex (TSE:BLX) opened at 21.20 on Thursday. Boralex has a one year low of $16.06 and a one year high of $23.00. The company has a 50-day moving average of $21.92 and a 200-day moving average of $20.98. The company’s market capitalization is $1.61 billion.

About Boralex

Boralex Inc is a power producer that develops, constructs and operates renewable energy power stations. The Company’s segments include wind, hydroelectric, thermal and solar. It operates an asset base with a capacity of approximately 1,260 megawatts (MW), 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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