Boralex Inc. (BLX) to Post FY2017 Earnings of $0.22 Per Share, National Bank Financial Forecasts

Boralex Inc. (TSE:BLX) – Stock analysts at National Bank Financial dropped their FY2017 earnings per share estimates for Boralex in a research report issued to clients and investors on Wednesday. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of $0.22 for the year, down from their prior forecast of $0.26. National Bank Financial also issued estimates for Boralex’s Q4 2017 earnings at $0.24 EPS.

A number of other research analysts have also weighed in on the company. TD Securities boosted their target price on Boralex from C$25.00 to C$26.00 in a report on Monday, November 13th. CIBC boosted their target price on Boralex from C$24.50 to C$25.00 in a report on Monday, November 13th. Raymond James Financial boosted their target price on Boralex from C$24.50 to C$26.00 in a report on Tuesday, October 24th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$25.50 target price on shares of Boralex in a report on Thursday, October 19th.

Boralex (BLX) opened at C$23.44 on Monday. Boralex has a 1-year low of C$16.89 and a 1-year high of C$23.56.

In other Boralex news, Director Michelle Samson-Doel sold 2,000 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of C$22.40, for a total value of C$44,800.00. Also, Director Marie Giguère acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average cost of C$22.18 per share, for a total transaction of C$66,540.00.

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Boralex Company Profile

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.

Earnings History and Estimates for Boralex (TSE:BLX)

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